Many people have come face to face with the fact that, in life, it is not unusual to struggle with money at times. However, for some, it is a constant battle that must be dealt with day to day. At the same time, the usual needs that crop up every day do not go away, and must be tended to in order to maintain proper health.
Factoring is not a new idea in business. It dates back to the Code of Hammurabi in 1780 BCE. Jewish agents in the Middle Ages performed this service for farmer’s crops. During the 1500s in Colonial America, factors bankrolled shipments of fur and tobacco to Europe and products from Europe that the colonists needed.
Factoring is simply selling your accounts receivables for a discounted amount.
There is an old saying that, “You need money to make money.” When a company is not garnering the profits necessary to keep the business going, a loan can become a necessity and an unsecured line of credit may be the best option.
Commercial development loans have become a stable in developing new businesses or expanded current ones. They aid in alleviating the stress of funding the project, many times allowing for quick construction which means getting in business promptly. However, before securing a loan it is important to understand the process from start to finish.
The loan process begins with a general application.
If you have a low credit score, you may be worried about qualifying for the loans you need to pay for your home, car, education, or other necessities. Low credit scores are increasingly common in today’s modern market, but by looking into a wide variety of consumer financing options, you can find a solution for individuals struggling to make important purchases.
Small businesses often times need extra money to get ahead of the competition or just to keep the doors open during tough times. In an economy where business loans and lines of credit are hard to come by, an equipment sale leaseback could be the answer to your dilemma.
You have probably heard or seen people talk about tapping into business equity to raise capital for their business.
If you run a business in which specialty equipment is needed frequently, but on a temporary basis, then you will probably have heard that equipment leasing can help you save money. There are many situations in which leasing equipment and other business needs can be more helpful than purchasing everything that you need out right.
Financing and refinancing commercial real estate can be a big responsibility, and you will want to make sure that you have all your ducks in a row during each phase of the process. This means being prepared, reviewing your options frequently, and using experienced brokers.
This does not just mean that you should know where all of the relevant paperwork is located.
Starting a business can be an expensive prospect and if you are looking to get your company off the ground you will probably be looking at your various financing options. Many times the language of the various kinds of financing can be confusing to read through. Unsecured business lines of credit and loans are two of the main types of financing.
Finding, purchasing, and developing the right real estate for your company can be expensive. If this is your goal you will probably be looking into commercial real estate financing options such as CMBS, Mezzanine finance, and SBA 504 loans for help. Each type of loan will have its own pros and cons and by knowing what they are you can make a better decision.