Business Financing Solutions

Managing finance is the key to making the most of business opportunities. Keeping this in mind, we, at Businessfinanceapp.com, have put together all the business financing solutions on one easy to use platform. We work with over 1,000 business lenders who offer financing solutions to help you meet all your business funding needs.

Businesses need financing solutions to overcome business challenges and take advantage of opportunities. The financial needs of a business vary according to the type and size of the business and so we have explained key business financing solutions here that can best suit your business requirements.

Business Lines of Credit

With business lines of credit, you get the cash you need to cover short-term working capital or seasonal cash needs. It is convenient and economical as you can borrow only what you need and finance asset conversion cycle.

Loan considerations

  • Have to be in business for at least three years
  • Projected business requirements
  • Business track record
  • Projected business performance
  • Collateral coverage
  • Good credit scores

Factoring Receivables

Factoring receivables is not a business loan. It is the process of selling business invoices for immediate cash. All types of industries including trucking, manufacturing and distribution, transportation, textiles, oil & gas, and staffing agencies can use the cash generated from factoring to buy new equipment, pay for inventory, and increase their cash flow.

Who should consider it?

  • A company should be in business for <3 years
  • A business with poor personal credit
  • Little profit history or limited financial reporting data
  • A business turned down by a bank for line of credit
  • Profit margin must be over 20% to absorb the cost of factoring

SBA Loans

If you are planning to start a business or expand your existing business, you can apply for SBA loans in lending institutions that participate in SBA programs. The three most popular SBA Loan programs are 7(a) Loan Program, 7(m) Microloan Program, and 504 Loan Program.

Loan considerations

  • Working Capital
  • Earnings requirement
  • Financial Obligations
  • Equity Investment
  • Collateral
  • Resource Management

Merchant Cash Advance

Merchant cash advance is a great financing option for small businesses to get cash advance with no need for collateral. The Merchant Cash Advance provider purchases a specified dollar amount of your business'future debit and credit card receivables at a discount.

Who should consider it?

  • A business that don't qualify for financing at a traditional bank or financial institution
  • A business with little or no collateral
  • Limited business history
  • Poor credit rating

Business can also apply for Asset Based Loans, Mezzanine Financing, Acquisition Financing, Import Export Financing, and Equipment Financing. Secure a business financing solution that matches the requirements of your organization.

How do you get business financing?

From small business loans to lines of credit, there are myriad of business financing options to take your business to the next level. Business owners often waste time researching for lenders and funding options. Businessfinanceapp.com solves your problem. Our online web-based business loan matching portal will help you make informed decision regarding financing options. We also help you connect to active lenders and other financing sources.

Our business financing resources are free for business owners. You can spend some time researching about each type of business financing solutions available on our site and take advantage of them.

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