Advantages include lower down payments and longer repayment terms than other business loans, enabling small businesses to keep their cash flow for operational expenses and spend less on debt repayment.

Commercial real estate (CRE) is income-producing property used solely for business (rather than residential) purposes. Examples include retail malls, shopping centers, office buildings and complexes, and hotels. Financing—including the acquisition, development and construction of these properties—is typically accomplished through commercial real estate loans: mortgagessecured by liens on the commercial property.

Yes! Here are 3 reasons why you should Purchuse your Business location: 1. Owning brings consistency. The 504 Loan Program offers long-term fixed-rate mortgages. This means you can forecast your monthly expenditures without worrying about rent increases. Ownership allows your business to build roots in the community, and prevents the need for costly moves when your lease expires or your business has outgrown your leased space. 2. Owning provides control. With new construction, you have the freedom to design the building to suit your business needs, instead of conforming to existing floor plans. You can make improvements as they become necessary, without waiting on a busy landlord. Best of all, you can change or expand your building to grow alongside your business. Purchasing or constructing a stand-alone building also allows you to control the appearance of the property to maximize your visibility, and place signage where it will serve as an effective marketing tool. 3. Owning saves you money. There are significant financial advantages with property ownership, including tax savings and building equity. The interest on your mortgage loan is tax deductible and you can take annual depreciation deductions on property taxes. Equity is the difference between what your property is worth and what you owe to lenders. There are two ways you can build equity. You can pay down the mortgage, which decreases the amount you owe lenders, or your property value can appreciate, which increases what your property is worth. In many cases, mortgage payments are often less than rent amounts when leasing a comparable office space. This not only saves you money in the long run, but also frees up more of your available cash each month. Paying a mortgage instead of rent lets your money continue to work for you instead of your landlord.

Invoice factoring is type of invoice finance where you "sell" some or all of your company's outstanding invoices to a third party as a way of improving your cash flow and revenue stability. A factoring company will pay you most of the invoiced amount immediately, then collect payment directly from your customers.

a) Our Credit Coaches will help you secure credit approvals completely separate from your Social Security number - This can be all be done WITHOUT a personal credit check, personal liability or guarantee. In case of default, your personal assets cannot be pursued, such as the home your family lives in. Do not leave your personal assests exposed! b) DOUBLE your borrowing power by utilizing both your personal and business profiles to get access to credit lines. Approval limits on business accounts are anywhere from 5 -10X higher than personal account approvals. We will teach you intelligent how to control a MINIMUM of 2 credit profiles. A PERSONAL Credit profile and a CORPORATE profile. c) Business credit is a must option for business owners with bad credit and those recently coming out of bankruptcy. You can build a business credit profile faster than personal file. d) Transfer your expense to your business credit lines to stop maxing out personal credit cards. This will impact your utilization, lower your personal credit score and lead to denials and higher interest rates e) Utilizing Corporate Credit is the best way to track your business's expenses. Major companies do not comingle business expenses and personal expenses. Stop using personal accounts to purchase basic necessities such as computers, gas, office furniture, paper, and ink. These are business expenses that should be purchased using your vendor credit, business credit lines. We will put you on the path to lease much-needed vehicles and equipment. f) Lending Institutions can legally access business profiles without your knowledge or permission. You can unknowingly be denied for important licenses, bonds, certifications and contracts because you have zero or limited Corporate Credit.

A fix and flip loan is a short-term loan that investors can use to cover the cost of purchasing a property as well as the cost of repairs and renovations. These types of loans are like bridge loans generally used in the short-term until a more permanent financing solution is put in place.

- Late Payments - Collections - Charge Offs - Bankruptcies - Judgments - Tax Liens - Repossessions - Inquires - Identity Theft - Fraud - Incorrect - Foreclosures - Garnishments - Closed Accounts - Negative Settlements

The SBA Loan Process: Six Steps to Success Here’s a look at the full lifecycle of the SBA loan process. By gaining knowledge about what’s involved in each step, you can adequately prepare, allow for enough time as you work to launch your business and avoid unexpected challenges along the way. Step 1. Identify Your Small Business Project Well before beginning the SBA loan application process, your first step should be to identify your small business project. Whether you’re launching a start-up, opening a franchise or buying an existing business, having a clear picture of your goal will guide you along the rest of the application process. From knowing the amount of funding you need to writing your business plan, all the crucial elements of your application package will be focused around your project. You will not be approved for SBA funding without providing specific details about your business. If you’re not sure what kind of business you want to open because you don’t know how much you can afford, try pre-qualifying for small business financing. Pre-qualification can be completed online in a couple of minutes, is private and is purely informational. It will provide you with an overall picture of your funding options as well as how much financing you’re potentially eligible for. Step 2. Determine How Much Financing You Need Once you know the type of business you’re looking to fund, it’s time to determine how much small business financing you need. Begin the process by creating detailed financial projections that include start-up costs. This exercise helps you understand your costs and highlights areas you can potentially save. For example, maybe it’s possible to begin your business online rather than in a brick and mortar location, or to wait a year before hiring additional employees. Once you think you know how much financing you need, you can begin to research business loans. Understanding the true cost of a business loan (or any loan) can be tricky. Your repayment terms — interest rate and length of the loan — will determine your monthly payment, which has a direct impact on your business’s cash flow. You can easily compare business loans with an online loan calculator. This tool helps you quickly see how much your monthly payments will be with different interest rates and repayment terms. You can also compare different scenarios side-by-side, which provides a clear picture of what you need to aim for when working with lenders. Step 3. Find a Bank to Finance Your Loan Many banks provide SBA lending services, likely including the bank you use for personal banking. However, your personal bank may not be the best place to start. Instead, refer to the SBA’s list of SBA Preferred Lenders. These banks have a proven track record of servicing SBA loans. Obviously we work directly with lenders on this list. Step 4. Complete Your Full Loan Application Package Once you’ve identified a bank, banks or packaging service provider you want to work with, it’s time to put together your complete loan application package. While the application itself does vary with each lender, here’s an overview of what’s typically included in a complete loan application: - Bank application form. Unless you’re working with a packaging provider, this form will look different for each lender. You should obtain this form directly from the bank you are working with. - Form 413: Personal Financial Statement. Each proprietor, partner, managing member or owner needs to complete this form. - Form 1919: Borrower Information Form. This form providers personal information and facilitates a background check. Each proprietor, partner, managing member or owner needs to complete this form. - Three years of personal tax returns. - Professional resume. Include a resume for each proprietor, partner, managing member or owner. - Copy of a driver’s license. Include identification for each proprietor, partner, managing member or owner. - Business plan. Check out Chapter 2 for more information on writing a complete business plan. - Business tax returns. If funding or purchasing an existing business, include three years of business tax returns. Step 5. Underwriting With the Bank Once your complete loan application is submitted, the next step is underwriting. During underwriting the lender reviews the information in your application, pulls your credit, and determines your strength as a borrower by analyzing the likely risks and benefits of lending you money. If you’re working with a preferred lender, the bank has someone internally review and potentially approve the loan. If working with a bank not on the preferred lender list, once the application passed through internal underwriting, the information will also be sent to the SBA for additional review. It’s important to note that the underwriting process is not a speedy one. The minimum amount of time for a lender to review your application is 60 to 90 days. This timeline can also be extended if the lender asks you for additional information, which is not uncommon. Third party packagers function as a liaison during this process to keep things moving forward. Step 6. Closing If your loan is approved in the underwriting process (yay!), the next step is closing. Closing is a process all its own and adds another 90 days to the overall timeline, but is the final step in SBA funding. Here’s a checklist of common items that need to be provided to a lender during closing: Proof of down payment funds. Entity documentation. Franchisor agreement (if applicable). Lease or property ownership information. Business insurance. Contractor contact information. There’s a lot going on during throughout the SBA lending process, especially when you’re also working to start your business. The keys to success are understating each step, finding a lender who meets your needs and staying organized from start to finish.