Making Your Future a Success

  A small business loan is any funding option specifically designed for a small business. Small business loans allow existing or newly established companies to borrow money from lenders. Loan types exist to help entrepreneurs meet different goals. The way each loan works depends on the type of loan. 

 A business line of credit is a flexible financing option that allows businesses to borrow funds as needed, similar to a credit card. Interest is ​paid only on the borrowed amount, and funds can be used for various purposes like managing cash flow or covering unexpected ​expenses. Once repaid, the credit becomes available again, making it a revolving form of credit that can be accessed repeatedly. 

 Equipment financing is a way for businesses to obtain equipment through a loan or lease. It can be used to purchase almost any tangible asset for a business. Some examples of equipment that can be financed include: medical equipment, office furniture, production equipment, and technology. 

 Franchise financing is a way for franchisees to obtain funds to purchase and run a franchise business. Use of funds can include franchise fees, equipment, inventory, working capital, and down payments. 

 Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the loan. 

An investment property loan is a loan that is used to purchase a property that will produce income. It is typically used for purchasing a property to renovate to generate rental income.