One main advantages of alternative commercial finance is that it does not require businesses to have a perfect credit score. In fact, many alternative lenders are more interested in the business’s cash flow and potential for growth rather than their credit history. This makes it an ideal option for businesses that may have been turned down by traditional lenders in the past.
Additionally, alternative commercial finance often offers more flexible repayment terms, allowing businesses to repay the loan based on their cash flow and revenue.
The Role of Factoring in the Service Sector: A Financial Solution for Service Industry Businesses In today’s fast-paced economy, service sector businesses face unique financial challenges that can hinder their growth and sustainability. From […]
From contractual disagreements to investment fraud allegations, individuals and businesses often find themselves navigating the intricate landscape of financial litigation. Financial Litigation Funding represents a transformative approach to accessing the judicial system for those who might otherwise be unable to do so due to financial constraints.
Financial Litigation And Financial Litigation Funding The Benefits And How It Works. Read More »
When it comes to financing a business, there are many options available beyond just traditional bank loans. Alternative Commercial Finance is a broad term that refers to any form of financing for businesses that falls outside the scope of traditional banking. This can include everything from Invoice Factoring and Merchant Cash Advances to Crowdfunding and Peer-to-Peer Lending.
Alternative Commercial Finance: A Comprehensive Guide. Read More »
Selling a promissory note can be a straightforward process if you follow the appropriate steps.
Firstly, it’s crucial to establish the value of the note. This can be done by assessing the creditworthiness of the maker, evaluating the amount and repayment terms, and consulting with financial professionals.
One of the main advantages of alternative commercial finance is that it does not require businesses to have a perfect credit score. In fact, many alternative lenders are more interested in the business’s cash flow and potential for growth rather than their credit history. This makes it an ideal option for businesses that may have been turned down by traditional lenders in the past.
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Small Business Loans with no revenue requirements are often easier to obtain than traditional institutional business loans. A Startup Business Loan is a financing option created to help cover the costs associated with the starting of a new business. We provide Microlender Loans and Non-Traditional Business Loans which do not come from any bank or credit union. Our team of Professional Funding Specialists can help with Startup Funding for your small business thus allowing you to reach profitability even faster.
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A Traditional Loan, a Line of Credit, and Factoring are the most common forms of DIP Financing. The name DIP Financing is short for “Debtor-in-Possession” Financing. The court must approve the DIP Financing and provides the lender with a special DIP Finance charge, or security interest, which ranks ahead of all other lenders.
Often referred to as Gap Financing, Bridging Loans and swing loans, a Bridge Loan is a form of short-term financing used until a business or person/persons secures the permanent financing they need. This type of loan is designed to help businesses with their immediate financial needs as they are waiting for other funding sources. Bridge loans can be an excellent source for covering unexpected costs when a business is waiting on long-term financing. Bridge Loans are subject to credit underwriting and approval.
A Microloan can be good for a business that is struggling to qualify for traditional bank financing. The (SBA) U.S. Small Business Administration Microloan program provides loans of up to $50,000 to help small businesses and start ups expand their operations.
The average Microloan is about $13,000 yet smaller-size loans of $5000.00 up to $50,000 are provided through SBA funding intermediaries. A Microloan is a short-term loan (six months to five years) up to $50,000. SBA 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery.
