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An Inheritance Advance also known as a Probate Advance is an advance of money to a beneficiary through reassignment of an inheritance. An advance on an inheritance is paid to the beneficiary. Inheritance Advance Funding is a cash advance that allows the beneficiaries, to receive funds when they need them. Inheritance Advance Companies determine the percentage of an inheritance which they are willing to fund, this can vary from fifteen to thirty percent of the estate for funding. Any reputable Inheritance Advance Company will never require an initial cost to any beneficiary or Executor of an estate for a cash advance on an estate or any part of the inheritance.
SBA loans are one of the most popular methods of finance available to small business owners but it is important to understand that the SBA is NOT a direct lender and does not actually originate loans. Instead, the SBA provides loan guarantees for designated and approved lending institutions (often community banks) who will then provide financing for small business owners with what is termed an SBA credit enhancement.
Specialty Finance can be defined as financing activity that takes place outside of the Traditional Banking System such as Factoring.