What Are My Business Funding Options?
Business funding can be complicated and frustrating. While there are many angles, it seems more often than not that small business owners get the shaft when it comes to obtaining financing. We specialize in small-business lending and want you to know that if it exists, we've seen it and we've gotten it done.
SBA Loans It's tough, a pain in the ass really, and quite frankly, you have a banker and a government agency involved, so saying that the process is complicated is an understatement and the approval process is typically slow-going.. The good news is that the SBA approves roughly 50,000 loans a year, If you're a possible fit for this, we'll let you know on your consultation call. Fair warning: When applying for an SBA Loan, be prepared for a colonoscopy, giving up a child, and possibly (not always) losing a digit.
Business Credit Lines These are by far the most popular option. They are relatively unknown because your local banks and credit unions aren't typically interested in lending to small-businesses or start-ups with not much (if any) revenue. Don't be fooled by the promises of no personal guarantee with a Paydex.. Our clients consistently get $50-$150k WITHOUT business history, WITHOUT a Paydex, and WITHOUT having to play any nonesensical vendor credit games in an attempt to build up your Paydex score. As OUR Client, you will get REAL loans and REAL credit cards that you can use to buy whatever your business needs, whether that's a Ferrari or its fish food. It's your money, your business, BE SMART!
Equipment Financing If you need equipment, we have the best options for you! You shouldn't use your personal credit and capital as a solution for your business' long-term debt (equipment, etc)
needs! If your credit isn't the best, you still have options if you have collateral and money down. Let us help you finance your equipment the right way!
ACH/MCA Financing Perhaps the most popular financing solution of the last 5 years is a Merchant Cash Advance (MCA). At Quadrant Capital Solutions we’re not big fans of MCA’s because of how costly they are for our clients, but we absolutely LOVE helping small business owners get out of their MCAs (or avoiding MCAs altogether) by refinancing to a lower-cost business loan. Ask us about our lenders who specialize in 2-10 year repayment terms rather than 6-12 month terms like most MCA lenders. If your credit is less-than-stellar, DON'T WORRY! If you have monthly revenue of at least $10k, we have options for you! And if an MCA is our only option with your specific credit scenario, we can help you find the best MCA for you.
ASSETS Simply pledge your collateral (automobile, boat, jewelry, aircraft, artwork, etc.) and we provide you with a loan at low monthly payments. We have several lenders who will appraise assets (at no cost) and make loans while holding the assets as collateral.
Equity Last but not least, you can sell a portion of your company. Sadly, over the past 20+ years in business and helping small businesses, this is the most common mistake we see over and over again, Giving away part of your company for money/investment may be the right move sometimes, but before you go down this road, ask yourself. "Besides money, what does this person/group bring to the business?" If it isn't a bunch of skill, reputation, and/or experience, don't make that deal...it's likely you won't like how it ends.
Call (435)767-1446 for your NO-OBLIGATION Consultation. It's fast and it's free! Or fill out the form and we'll call you back!