If you or your company has available and adequate collateral, a commercial loan makes sense. With collateral in hand, your credit rating becomes less significant and the approval process is made easier.
When you have an established cash flow and your borrowing needs are intermittent, a business line of credit is the perfect solution. You have flexible access to funds based on your needs with the ability to avoid interest costs by paying down outstanding balances when the cash is available.
Securing the right equipment for your operations can help you create products and/or service the needs of your customers. This option reduces business risk and provides a greater amount of financial stability.
If your business is holding receivables and large P.O.'s awaiting payment, you can use them as leverage to obtain funds. This allows you to avoid cash shortfalls while your customers are processing payments to your company.
If your business accepts credit and debit card payments, you may be eligible for a business cash advance. With defined credit/debit card receipts and monthly sales levels, you can borrow cash and have the balance paid off as your credit/debit card receipts are processed.