Every business, no matter how large or small, needs a home. Whether in retail or in manufacturing, location is essential to the success of a company. However, financing for commercial real estate is different than other types commercial lending. So understanding the different types is essential to securing the best financing for your needs. Continue reading
Every business needs equipment. Whether a baker or a construction firm, most can’t operate without them. However certain equipment is more expensive than others. A new truck cost significantly more than a calculator, and often times these purchases can have a negative impact on the financial outlook for the company. Equipment financing can help solve these problems, making life less stressful for many small business owners. Continue reading
Lines of credit, or LOCs, are a powerful commercial funding option. They are versatile financing which can be used to pay everyday business expenses such as employee wages or utility bills, or they can be used for larger business needs, like material or equipment. They are also unique in the commercial loan environment because they have built-in flexibility. The borrower can be approved for a certain amount, but they do not have to use it all. Continue reading
Money makes the world go around. It may seem like a cliché, but no matter what the business, there is a need for capital to move forward with plans for growth. Financing is one of the quickest ways to get the capital your business needs and do so in an expedited time frame. However, getting the necessary financing can be a complex undertaking based on the type of business and the investment the owner is seeking. Continue reading
As 2017 draws to a close, and 2018 nears, most business owners are looking to the future and trying to determine what the best solutions are for their business. It’s a difficult question, as each business is different, and will have different needs. But preparing can make sure that 2018 will be a good year. Continue reading
A line of credit or LOC is a loan offered by the bank that allows the borrower to withdraw and repay funds based on the client’s schedule and needs. This makes a line of credit ideal for both new businesses and existing businesses that need access to additional working capital. Understanding exactly how they work, why they are beneficial, and potential downfalls for LOCs will enable you to see if they are right for your business. Continue reading
When a business needs to establish a physical location the first thing they consider is the old adage “Location, location, location”. What they should really consider is “financial, financial, financial”. Understanding the different types of real estate loans, which ones will apply to which properties, and how they will affect your business, is the first step to figuring out the best path forward for your company’s real estate needs. Continue reading
A business plan is one of those tools that may seem tedious to create but will be essential to your company’s long-term success. As business owners, we often assume we that we know where our company is going, that the unexpected will never happen, that the company will grow as its expected to. Continue reading
Our FICO scores impact our ability to borrow both as a business and as individuals. Traditional banks use them as the basis of many of their lending decisions, and a bad score can mean rejection before the ink has … Continue reading
A newsletter is one of the easiest ways to communicate with your clientele. Continue reading