Types Of Business & Commercial Loans
Every business has five major components necessary to operate: personnel, equipment, infrastructure, products/services, and last but certainly not least, capital. It takes capital to get the other four. Business owners are often uneasy dealing with banks and commercial finance institutions. Often this can be attributed to difficulties securing funds, concerns over cashflow and fees and general lack of communication, guidance and transparency.
FullHorn Finance LLC understands these concerns and we exist explicitly to bridge these gaps and be your financial Strategic Business Partner. We have access to hundreds of lenders and can secure financing for virtually any type of business. We also make the process fast and transparent so you can focus on running your business.
Here are some of our most popular products:
Your FullHorn Finance Consultant partners with many lending and leasing companies nationwide can help you determine the best possible financing solution for your business.
The deregulation of the banking industry has made new choices available that never existed before. One of these is the availability of money through non-traditional lending sources. The types of business loans vary with your specific business needs.
Below are just a few of the types of loans that a FullHorn Finance Consultant can secure. We can give your business access to all of these types of financing and more. With one phone call you, can have dozens of lending sources competing for your loan.
Once you have experienced the high level of customer service, competitive pricing and wide selection of financing options you will understand why many business owners view FullHorn Finance as a strategic Business Partner
Line Of Credit
A line of credit is one of the first things a business should obtain when starting out. A line of credit is simple. It’s similar to a credit card, and you typically access the credit line by writing a check. The interest rate is usually much lower than a credit card. A credit line is an amount of credit that you can access as you need it in any way you need it to grow your business.
For example, let’s say you obtain a $50,000 line of credit. If you need say $12,000 you access it and you still have $38,000 you can access at a later time. When you pay it down to say $8,000 then you have $42,000 more you can access. To maximize your credit lines it may take the help of a Business Loan Consultant. Credit lines can really come in handy to fill in the gaps for a business. Need to make payroll and a little short? Need to pay a vendor? What about those slow times of year? Whatever the gap might be, the credit line can be a great back up.
Commercial Property Loans
A commercial property loan is a mortgage loan on commercial real estate. As a business owner, why not purchase your property instead of leasing it? Owning the building could be the business owner’s best exit plan or retirement plan. At FullHorn Finance, we partner with many lenders in this field, who can secure financing for virtually any type of business needs.
Most business owners put all of their money back into their business. Over the years, when conditions were right, we have recommended that our clients purchase their building. One client that did so, sold the business just a few years later but kept the building. He then rented the building to the new owner. This strategy provided this client a great retirement.
Conversely, another client chose not to purchase his building. A subsequent economic downturn decimated his business and he ended up having to work full time well into his retirement years.
Small Business Administration (SBA) Loans
A business that may not be able to get a traditional loan may be able to obtain funding through a SBA loan and with reasonable terms. The Small Business Administration guarantees major portions of the loans through the SBA loan program. At FullHorn Finance, we partner with many lenders who provide SBA loans and can secure financing for virtually any type of business needs.
For SBA loans, our lending partners are typically banks. They provide financing to small businesses under the SBA program, for which the government guarantees a major portion of the loan.
Working Capital
Working Capital can be the lifeblood of a company’s growth. It’s simple. Take your current assets minus your current liabilities, and the difference should equal your working capital. Companies that have a negative working capital may have a hard time growing. However, companies with a positive working capital generally are able to grow and expand. Your working capital might be positive, but how do you turn it into cash to grow your business?
Your FullHorn Finance Consultant can annualize your bottom line to find ways to take advantage of your positive working capital.
