A small business loan is a standard loan disbursed as a lump-sum, so that your business has the capital it needs for any purpose. Once you are approved, there are no limits to how you use your capital funds.
- Technology upgrades
- Inventory expansion
- Supplies and equipment
- Real Estate expansion
- Marketing Opportunities
- Advertising campaigns
- Outsourcing services
- Debt consolidation
Types of Small Business Loans
Traditional small business loans will usually be found in the following types:
- Working-capital loans Provide immediate capital for small businesses to keep operations running smoothly while they produce new revenue streams
- Equipment loans Provide financing for tools, office equipment, technology, mobile devices, machinery, and vehicles that may be necessary to run your business
- Professional practice loans Provide service professionals in industries such as legal, accounting, insurance, healthcare, and others to do renovations, real estate purchases, and even refinance debt.
Benefits of our Small Business Loan
At Exclusive Capital Funding, we are committed to delivering a funding product that will immediately help you grow your business. We care about your business, and your success, and our team of advisors will work with you closely in recommending a solution that meets your unique business goals.
How to Prepare Before You Apply
When you are ready to apply for a Small Business Loan, be prepared to answer the following three questions. Having this information ready will help our advisors submit your application quickly and efficiently.
- What goals are you trying to meet with the new funds?
- How much will you need to accomplish those goals?
- How long will it take your business to pay back the loan?
Small Business Loan Requirements
When considering a Small Business Loan, most funding products look for two main requirements:
- Your business is at least two years running
- Your business monthly revenue is $5,000 or greater
Even if your credit score isn’t perfect, there are options for small businesses even if they haven’t been in business for a long time. Give us a call, and let’s see what we can do.