Term loans are the right solution for an identified purchase or project with a fixed cost, such as equipment, improvements, expansion, real estate or acquisitions. Term loans can offer fixed or variable interest rates and payments over a specified period and may fully amortize or offer a balloon. A Small Business Administration (SBA) Loan guarantee can be used to assist in creating additional terms for financing as well.
Lines of Credit
Lines of credit help you manage your cash-flow cycle. They are a common solution for businesses that experience seasonality or longer cash-flow cycles that are typically created by a gap in costs and receivables. Lines of Credit can be secured by specific assets like receivables, inventory, real estate, cash, all business assets or unsecured. Lines are typically interest-only payments, have 12-24 month terms and have a variable rate.
Real Estate Financing
Financing Commercial Real Estate for a purchase or refinance is usually done with a term loan. Common Commercial Real Estate loans offer 1-10 year maturities with amortizations over longer periods such as 15, 20 or 25 years and can offer fixed or variable interest rates off various indices. Advance rates can vary and a Small Business Administration (SBA) Loan guarantee can be used to assist in creating additional terms.