Real estate collateral is typically used for long-term loans. Vehicles: Both personal and work vehicles can be offered as collateral, and if the vehicle was financed with money from the loan, it typically counts toward collateral automatically. Equipment: This includes manufacturing and office ...
Specialty financing includes loans for very specific purchases, such as leasing or buying equipment. You usually pay equipment loans over the estimated lifespan of the equipment you’re financing, and the equipment serves as collateral. Specialty financing also includes commercial real estate loans. Th...
Some common types of secured business term loans are: Asset-secured business loans. Depending on the lender, you may be able to offer machinery, equipment, real estate, or other assets as collateral for a secured installment loan. Equipment financing. You can use equipment financing loans to pu...
Bank Business Term Loans 10%-20% Online Loan None Commercial Real Estate Loans 10%-30% Equipment Financing 0%-20% What types of business loans require down payments? Although you can make a down payment on any type of loan, certain loans are more likely to require down payments than other...
Where applicable, we will also require specific information about the equipment, vehicle or real estate you intend to finance. Please note that our loans (and some leases) may require your payments to be auto-debited from a Bank of America business checking account. You do not need abusiness...
Check the books:Have an accountant look at the past two years of business accounts to make sure it will make you money. Budget for an initial dip in revenue as customers adjust to new management. Work out the cost of change:Will you be rebranding, hiring staff, buying extra equipment, or...
Chinese industrial firms' smaller first-quarter profits have raised concerns over their uneven recovery and heightened the need for additional stimulus measures to reignite demand and address structural issues, economists said. ▲A robot operates ...
Arca Funding is a Direct Lender specializing in fast working capital for small and medium-sized businesses. Our programs are diverse and flexible. We are able to leverage your future sales, in order to give you the money you need now. We also offer Term Loans and Equipment Leasing. Our eas...
Expansion: Business loans can be used to fund the expansion of a startup, such as opening a new location or hiring additional employees. Equipment purchases: Business loans can be used to purchase equipment or ...
Ecommerce Business Tips See All topics Enterprise Blog Log in Start for free Join millions of self-starters in getting business resources, tips, and inspiring stories in your inbox. Email here Subscribe Subscribe Unsubscribe anytime. By entering your email, you agree to receive marketing emails fr...