GETTING MONEY FOR SMALL BUSINESS WILL ALLOW YOU TO START OR EXPAND YOUR BUSINESS

Don't you think you could build a profitable and successful business if you just had access to the right amount of capital ?  You have a great product or a unique service to offer to customers and you have the right team of people to make it happen.  You know that you need money for  small business success.

Business management is a formidable task whether you are starting or already running a small business, without having to worry about finances.  Great plans and ideas can get stuck on the planning stage without the capital you need to get off the ground.  Even in an established small business, if you don't have enough of a business line of credit you will end up spending too much of your time and attention worrying about cash flow problems.

LEARN HOW TO OBTAIN A SMALL BUSINESS LINE OF CREDIT AND APPLY FOR A SMALL BUSINESS LOAN

Whether you are looking for money for a business start up or money for new business expansion, money for real estate, or equipment financing I have reviewed and assembled a wide range of companies offering  online business loan options for you.  Using online resources is a great opportunity to get important information for small business loans.

Before contacting a potential lender it is important to review the basic small business loan information you need to know.  Traditionally there are two types of loans available -  secured loans and unsecured business loans.

SECURED LOANS -  Secured loans are loans that are secured by collateral - whether it is a property, inventory, personal assets or capital equipment. In order to obtain a small business loan the lender will maintain the right to seize your collateral if you do not pay back the business loan.  The money you receive from the lender to finance your business will usually equal between 60-80% of your collateral and at excellent interest rates.

A popular form of secured business loan  is equipment lease financing -  either industrial or professional equipment. If the amount is less than $100,000, and you have good personal credit then the process is usually quick and finished within a couple of days.   In some cases you can even include the "soft costs" usually associated with equipment purchases, such as installation and training services.

UNSECURED LOANS - Unsecured business loans, on the other hand, are loans not secured by any collateral. While technically not considered a loan, credit cards are the most common unsecured personal and business loan opportunities available.  The lender offers you access to money for starting a business or financing for new business expansion based on your reputation and credit worthiness.

You can also get money you need for the success of your small business by an unsecured business line of credit.  A business line of credit is set by a lending institution as a maximum amount of money available you can borrow.  Since the line of credit in effect is an unsecured loan, there are a number of important criteria that a lender considers in order to determine the interest rate and amount they are willing to finance. 

These factors include:
1.  If your business has a checking account with the bank
2.  How long your small business has been in existence.
3.  What your personal and business credit score is.

IMPORTANT CONSIDERATIONS FOR OBTAINING A FIRST TIME BUSINESS LOAN OR MONEY FOR NEW BUSINESS EXPANSION

Whether a secured or unsecured small business loan, your financing company will take the following factors into consideration when making their decision.

* Ability to Repay the Loan -  the lender will assess the implications of cash flow business statements to show in detail how your business will repay the loan in a timely manner
* Amount of Capital -  the lender will want to check whether the amount of money you are asking to borrow is reasonable given your personal or business financial condition.  (i.e you cannot ask for a $5 million loan if your assets total $500K and your annual business revenue is $750K)
*Purpose of your Financing -  the lender will want to ensure that you are using the small business loan for a legitimate business purpose.  In this case they often look to see your full business plan and financial spreadsheets.

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IMMEDIATE CASH LOAN ADVANCE   
•    For - Businesses 12/mo old with credit card processing over $2,500/month
•    Amount - up to 130% of one month's credit card processing total
•    Benefit - Quick (48 hours), easy (no complicated forms), with flexible repayment

EQUIPMENT LEASE FINANCING: INDUSTRIAL or PROFESSIONAL
•    For -   Small business in need of purchasing equipment for professional office (Medical, dentist), industry (warehouse, factory) or office (computers)
•    Amount - Basic programs from  $35K to $150K,  Big Ticket from $250K+ 
•    Benefit -  No down payment, no closing  fees, lease payment tax deductible

COMMERCIAL REAL ESTATE LOANS
•    For - owners in need of investment loan for new property or to take cash out of existing property
•   Amount - Small l loans from $50K - $1 million.  Large commercial loans from $1 – 20 million also available.
•    Benefit - Loans up to 85% value of property with low interest & low fees. Company has many lenders and can select best placement for loan.

UNSECURED BUSINESS LOAN :
•    For -  Owner without necessary assets or collateral, but has good credit
•    Amount -  From $10,000 to $100,000
•    Benefit -   It is quick and easy, and though there are slightly higher interest rates, you have no personal guarantees involved.