Sba commercial real estate loan services 2021? Sale and lease back option: In this program, businesses have the option of leasing the equipment until all payments have been made. Then, the business will own the equipment at the end of the lease agreement. Startup businesses: This program is specifically designed for new businesses that have existed for two years or less. Instead of having to pay for the equipment upfront and spend precious monetary resources, startups can finance any heavy equipment and grow the business without the worry of huge financial loss. Aspen Commercial Lending offers the equipment financing you need to help your business thrive. Contact us to speak with an expert today to learn more about this opportunity and begin the process to secure this type of financing today.
Bad management. Another common reason why small businesses fail is because they don’t have the right management. The business owner is often the senior-level person in small businesses. While the owner may have the skills necessary to create and sell great products, they may not be right for the role of manager. A strong management team is key to keeping a business up and running smoothly. A subpar business model. Finally, many small businesses overlook the importance of planning. A solid business plan should include a description of the company, current and future employee needs, capital needs, a marketing plan, and competitor analysis. Entrepreneurs should have an understanding of the industry that they are entering before starting their company.
Finally, another option to consider is a government-insured loan like the Federal Housing Administration, or FHA, loans. The 203k loan program, for instance, lends out funds for purchasing multi-unit properties. However, this program may only be available to consumers wanting to buy owner-occupied places, and not to those looking for investment alone. Owning commercial real estate can not only diversify your business’s investment portfolio but can bring in a side stream of income as well. Keep these top financing options in mind and you’ll be on your way to pursuing the commercial property ventures your business needs. See more info on sba commercial real estate loan.
At Aspen Commercial Lending, we strive to provide businesses with financing designed to meet their unique needs and to fit within their budgets. Though every company’s needs are different, one loan small businesses routinely benefit from is the small business loan. For help with the application process, and to increase your odds of getting approved, contact our commercial lending team today. The SBA loan may be for small businesses, but that doesn’t mean it offers limited capital. Because of our position as a Preferred Financial Services Company, we can comfortably grant loans of up to $5 million with competitive rates and flexible terms. For both the 7a and 504 programs, our rates are fixed and variable. We offer terms of up to 25 years with full amortization and do not charge prepayment penalties.
Does your business allow customers to pay open accounts at a later date? If so, you may need accounts receivable financing from Aspen Commercial Lending. We can provide you with discounted account invoices to help your company grow during the interval. Financing for your business should be about more than simply receiving money. That is why you gain several benefits with a loan from Aspen Commercial Lending. The first being that the amount you receive is based on the credit of your customers, not your business. Some other things you can look forward to include the following: Receive cash in as little as 24 hours, Recourse-free funding, Flexible payments, Personal guarantees are not required. Our receivables financing service enables you to receive more funding as your sales increase. That means your funding can expand with your business. See more details on here.