Monthly Archives: October 2016

Small Business Loan Application: Guidelines, Forms, & How To’s

Apply for a Small Business Loan

All companies need capital, which may be available to a small businesses through loans or grants. But commercial financing is an entirely different arena than a home mortgage or a personal loan. Applying for a small business loan requires thorough preparation on the part of the applicant, whether they’re applying through a commercial bank or filing an application for a SBA loan.

How to Apply for a Bank Loan

If you want to apply for a small business loan, investigate bank websites for guidance on their current rates, lending guidelines, and application process. It’s not always necessary to apply for a business loan in person–some banks will take applications over the phone, or allow you to mail or fax in the form once completed. Keep in mind that the loan application for businesses will be longer and more complex than the application for a business credit card.

How to Apply for a Business Loan Online

Sooner or later, many business learn how to apply for a small business loan online. You don’t need programming skills, just the ability to carefully follow instructions and fill out forms. You may be able to save your application and return at a later time, if you need to gather further information. Applying online sets up a revolving account and may actually serve your needs just as well as a conventional loan. To get started, fill out your information to the right and a representative will be in contact with you to discuss your options.

How to Apply for an Small Business Administration Loan

To apply for a Small Business Administration Loan, visit the SBA.gov website. Here you will find detailed information, instructions, and contact numbers. You will find out how to apply for small business loan online, which is the easiest way to complete the process.

SBA Business Loan Application Form

As a first step, it’s useful to have a look at the Small Business Administration loan application, just to familiarize yourself with routine questions and information needed on a business credit application. The SBA application is available online through the SBA.gov website, and can be printed out and completed; you can also fill out the form to apply online.

Applying for a business loan through the SBA means joining the Small Business Investment Company, which partners with private investors who provide working capital to local entrepreneurs. Consult accountants, business attorneys and local business-friendly non-profits who have firsthand experience of what it takes to apply for an SBA loan.

Small Business Credit / Commercial Loan Application Form

You can also request a credit application from a local bank or credit union. A banker will be glad to guide you through the bank loan application process, which can vary from one lender to the next. A typical small business loan application will require detailed information on your state of your business, as well as your personal finances. Naturally, the lender wants to ensure that you, as well as your business, have the resources and income to repay the loan.

The application forms may also require information on your current assets and liabilities, any liens or judgments against your business, past bankruptcies, and your standing with the IRS. It’s smart to gather this information before the application process begins, and consolidate it onto a short statement so that’s it’s readily available, both as you fill out applications and attend interviews.

Commercial Real Estate Loan Application Form

It’s common for established businesses to borrow money for business expansion, or to buy commercial real estate. Applying for business loans based on commercial property results in a loan secured by the property, which tends to keep a lid on interest rates. A commercial property application still needs detailed information on your assets and financial resources.

Over the years, the Halo Capital Group has helped many businesses obtain the funding they need. Our mission is to help businesses grow and prosper by enabling them to receive commercial loans with the best rates and terms. To apply, fill out the form to the right and a representative will contact you to discuss your options.

Business Loan Application Process

 

Small Business Loan Application: Guidelines, Forms, & How To’s syndicated from https://halocapitalgroup.com


Corporate Financing & Rates for Loans

Corporate Lending Services

When it comes to getting corporate loans, today’s companies have a number of good options at their disposal. The world of corporate financing has grown by leaps and bounds over the last few years. If you’re in the market for corporate business loans, then there are some things that you must know. Generally speaking, businesses that successfully get a corporate business loan do so because they are prepared and because they have the proper business fundamentals. Interest rates for these will depend heavily upon the business’ fiscal standing, the business’ credit rating and the amount of funding that the company seeks. For those business leaders that want a corporate loan, there are many important things to keep in mind.

What to Look For in Corporate Finance Companies & Services

Not all corporate lenders are created equally. The corporate lending world includes some companies that provide good rates, some that provide predatory rates and a large number of neutral companies in-between. Those business owners who need funding should look first to corporate funding companies that have a solid reputation. Good corporate finance firms develop strong reputations over time by providing their consumers with solid services.

Many businesses also look to funding companies that are willing to provide amenable terms. While interest rates might be the primary concern, there are additional concerns that must be accounted for. How long does the company have to pay back the loan? What sort of collateral is needed, and if some is needed, are there conditions that allow the lending company to repossess the property? Each of these questions must be considered by a business that is looking to choose a good financing company.

How Corporate Finance Consulting Can Help

What is a corporate loan? If this is your first question, then you might be the sort of business owner who could benefit significantly from consulting services. Corporate finance consulting is a service that provides business owners with value. These consulting firms help business owners wade through the morass of options that might be out there. Many lending companies provide specialized services aimed at specific industries. A good consulting firm can help the business owner find these options.

Beyond that, consulting firms provide business owners with advice on whether they should seek funding, how much funding they might want, and what terms they should look for. Not every business needs to get a loan. There are many that will benefit from additional funding, but timing is extremely important in the business world. If you want the best corporate loan rates, then it’s critical to enlist the help of a solid consulting firm to make this a reality.

When is it Right to Seek Corporate Business Lending?

Corporate finance services may be right for companies that find themselves looking to grow and expand. There are many good reasons why companies seek this type of funding. The corporate financing gap has long kept businesses from aggressively targeting new markets. If your company needs to expand by either hiring new people or building more infrastructure, then it might be the right time to seek financing. Beyond that, if the company sees an opportunity to invest in marketing that might bring its public profile a bit higher, then funding may be necessary. The right time to seek a loan is the time in which that loan will provide a solid marginal return for the company.

Types of Corporate Loans

There are a few types of corporate loans that might work for your business, depending upon where you currently stand. Bad credit loans are available for businesses that have struggled in the past with things like bankruptcy. These loans typically come with higher rates, but they are filled with terms to make borrowing much easier for people who have just turned things around. In addition, there are both collateral-based and non-collateral loans, depending upon how much money you need to borrow and what purpose the loan is for. Because of the existence of such a large number of loans, it is critical for business owners to choose the one that is the right fit.

Corporate Financing

 

 

Corporate Financing & Rates for Loans syndicated from https://halocapitalgroup.com


Frequently Asked Questions

[accordion]
[toggle title=”Is There an Up-Front Fee?” state=”closed”]There are absolutely no upfront fees. It is 100% performance based.[/toggle]
[/accordion]
[accordion]
[toggle title=”What Are Your Qualifications For Approval?” state=”closed”]Your qualifications are determined a variety of factors, depending on your situation and preference. We typically look at your business cash flow, assets & liabilities, credit score, business plan, and whether you can put money down.[/toggle]
[/accordion]
[accordion]
[toggle title=”How Much Can My Business Get?” state=”closed”]Business loans can range anywhere from $10,000 to $10,000,000+.[/toggle]
[/accordion]
[accordion]
[toggle title=”Do You Require Any Personal Collateral?” state=”closed”]No. Personal collateral is not required to gain financing.[/toggle]
[/accordion]
[accordion]
[toggle title=”How Long Does It Take to Get Approved?” state=”closed”]Approvals can happen within hours.[/toggle]
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[accordion]
[toggle title=”How Long Does It Take To Get The Funds?” state=”closed”]Funding can happen in as little as 24 hours.[/toggle]
[/accordion]
[accordion]
[toggle title=”What Is The Cost Of The Funds?” state=”closed”]We provide funds based on a factor rate. The fee is interest and is fully written off or tax deductible. Your rate will depend on a variety of factors, such as your monthly sales volume and your desired loan amount.[/toggle]
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[accordion]
[toggle title=”Is There a Fee To Have Funds Released?” state=”closed”]No.[/toggle]
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[accordion]
[toggle title=”Will I Need to Personally Guarantee My Business Loan?” state=”closed”]There is no traditional personal guarantee required.[/toggle][/accordion]
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[toggle title=” Can I Pay The Loan Back Early?” state=”closed”]Yes.[/toggle][/accordion][accordion]
[toggle title=”Can I Get More Money If I Need It?” state=”closed”]Yes, we can provide you with additional funds, typically you can borrow 2 -3 times per year. Our goal is to develop a long term relationship. As you start to repay, our lenders will feel more comfortable offering you more money with better rates and better terms.[/toggle][/accordion][accordion]
[toggle title=”Are There Any Restrictions On How My Loan Can Be Used?” state=closed”]There are no restrictions on how you can use the money received from your loan.[/toggle][/accordion]
[accordion]
[toggle title=”Is There a Cost Obligation If You Approve My Loan?” state=”closed”]No cost, no obligation. If we approve you for more than you need, your not obligated to take the full amount. If you don’t take the full amount but determine you need the additional money later on, you can have access to the difference (concurrent) for 90 days. Then once you repay approximately 50% of the loan, we will make more available.[/toggle]
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[accordion]
[toggle title=”If I Have Had a Bankruptcy In The Past Am I Still Eligible?” state=”closed”]Yes, if the bankruptcy has been discharged for at least one year.[/toggle][/accordion]

 

 

 

 

Frequently Asked Questions syndicated from https://halocapitalgroup.com


Factoring Receivables: Debtor Finance & Loan Solutions

factoring-accounts-receivable

What does your business have that is valuable? Large multinational corporations can easily attract finance due to their strong balance sheet. While a small- or mid-sized firm might not be worth as much, it can still raise capital through commercial factoring and finance solutions. Small business factoring can be used to fill credit gaps. Typically, you might not be paid by your business customers for as long as 90 days. Meanwhile, you must fund your payroll, rent and purchase inventory. Factoring receivables allows you to leverage your account receivables (AR) to raise much needed capital.

Accounts Receivable Financing and Small Business Credit Tips

Every successful venture requires risk management. Here are a few tips regarding credit factoring. First, do your research. Just as you learned how to ride a bike, you should also learn how to use accounts receivable funding effectively. Second, understand what accounts receivable financing is based on. How will the lender profit from the agreement? How will you profit from the loan? Third, add up the factoring fees. Nothing is free. Carefully read the terms and conditions of your factoring agreement.

What is Account Receivable Debtor Financing Based On?

Some may ask, “What is account receivable financing based on?” Debtor finance provides the capital you need in exchange for your account receivables. A factoring company will look at each invoice you have. It will check the creditworthiness of the businesses that owe you money. Account receivable financing will pay you a portion of the value of each invoice. Usually, receivables financing companies provide you with cash in advance of payments due from your customers (typically within 30, 60 or 90 days).

What is Factoring in Business?

What is factoring in business? Factoring is the sale of your accounts receivables for a discount. The sale of accounts receivable can speed up your revenue stream. Make sure that you fully understand what you are doing with factor receivables. This form of debtor financing may require you to relinquish a portion of your capital control. In fact, many “factors” (the lenders giving you the capital) will issue their own invoice to your businesses. This financing receivables system allows for the capital lending group to develop its own relationships with your customers. For some entrepreneurs, this asset based debtor funding requires an adjustment in their thought process. Rather than waiting to be paid by customers, they receive their revenue from the factor agency.

Advantages and Disadvantages of Factoring Your Accounts Receivable

Getting down to the brass tacks of receivables factoring reveals the financial tradeoff. Here are the advantages and disadvantages of debt factoring. The advantages of factoring are basically based on the time principle of money. A bird in the hand is worth two in the bush. You receive immediate access to funds rather than waiting for 3 months to be paid. The factoring of receivables also leaves an element of risk management to the professionals (the factor). The disadvantage of receivables finance includes loss of capital control and factoring charges. Your finance receivables will officially belong to the factor. Although this involves surrendering some control, the immediate injection of cash flow is a benefit that often outweighs the risks.

How to Use Account Receivable (AR) Funding To Finance Your Receivables

With AR factoring, you can take “unpaid debt obligations” and turn them into a line of capital. This system is based on your need for capital today by exchanging promises for tomorrow. A R financing speeds up the process for you raising funds and allows you to concentrate on your business fundamentals. A certain element of your capital control has been outsourced with accounts receivable finance. A lender provides the factoring loan that could help you expand and grow your business right now, instead of waiting for your customers to pay you back.

Factor Account Receivable with Additional Commercial Loans

Most businesses need a variety of lending facilities. Account receivable factoring allows you to combine traditional commercial loans with accounts receivable loans. The commercial factoring of accounts receivable could be used for special projects while other loans could be used for every day expenses. Factoring in business increases agility. Raising capital against receivables also may mean that your debtors become aware of this financial arrangement. You can review a good factoring blog to learn more about the getting involved with the factoring business.

Business Account Receivable Loan Rates & Factoring Fees

Each factoring company will offer its own financial services for buying receivables. These accounts receivable lending agreements will set rates, costs and charges based on real-time valuations of the invoices. The factoring consultant will follow industry valuations for your account receivable. Businesses must understand all of the terms and conditions of full service. The factoring financing agreement can be quite beneficial if used properly.

Discover the benefits of the best invoice funding programs by filling out the Halo Capital Group form today. Get the capital you need to compete.

 

 

Factoring Receivables: Debtor Finance & Loan Solutions syndicated from https://halocapitalgroup.com


Quick & Easy Small Business Loans: Get Emergency Funding with Minimal Docs

Emergency Business Funding Solutions

When you ask small business owners what they complain about most, many mention not having enough cash flow. This can easily be solved by getting a business loan, however bad credit hindrances, long approval wait times, or approval impossibilities often stand in the way. In fact, many entrepreneurs will likely wince at the same thing: the documentation. It’s not that you can’t fill out the stack of forms; you are a entrepreneur after all. Rather, it’s that your time is valuable. Or invaluable, even, since your time is the backbone of your company’s success.

So why would you waste your already limited time filling out paperwork to secure a fast small business loan for your business? You don’t. The Halo Capital Group uses an efficient application process to get you funded quickly, with the most competitive rates and flexible terms in the industry. To learn more, fill out the form to the right and someone will get back to you within a few hours to discuss your options.

How Easy Is It To Get a Business Loan Online?

Halo Capital makes it easy to get a commercial loan. How easy, you ask? It’s so painless that you could probably fill out the form on your smartphone while you wait for your next client to arrive for a lunch meeting over coffee. So streamlined that Halo Capital often responds to applicants in under two days and transfers quick cash in under a week. That means that you could have coffee with your client today and be back on your feet by next week. It couldn’t be easier getting fast small business loans than with Halo.

Fast Business Loan Companies That Offer 24 Hour Approvals

Your emergency business funding needs can’t wait for a loan officer. You need easy business credit approval, you need fast cash, and you need it today. We’re one of the few companies that offer same day approvals and easy business credit. We often respond to approvals with 24 hours. That’s only 24 hours until peace of mind. Only 24 hours until you can pay invoices. Only 24 hours until you can stop worrying about cash for business and start worrying about the real work that has to be done.

No Doc Business Loans

We believe that quick business cash shouldn’t be difficult. That’s why our application process has been made simple. It’s simple to receive quick loans for company needs. All you have to do is:

1) Go to our website
2) Fill out the form with the basics (name, time in business, revenue, etc)
3) Click “Apply Now”
4) Hear from us within 24 hours

When we say we have a no doc easy small business loan, we mean it. No lengthy application, no collateral, and no hassle. Just sign a simple agreement and wait for your cash. Turn your amazing ideas into action with our quick small business loans.

How to Get Quick Business Loans with No Credit Check

We help people with poor credit receive fast business funding. Our lenders don’t run a credit check for our easy business loans. Instead, we look at your company’s performance and base approvals off cash flow and time in business. We lend where others don’t and we lend quickly. We often respond the same day for applicants and can transfer the funds in as few as five days. Just because you’ve been turned down for bad credit doesn’t mean we can’t help you with one of our emergency business loans or credit lines.

Easy, No Doc Business Line of Credit Options

What’s the easiest way to obtain quick business funding? How about a web-based, no-doc, no credit check application? That means no faxing mountains of paperwork or signing your life away. Just tell us about your company’s performance and we’ll respond. Our line of credit makes it simple to borrow what you need several times a year and pay it down without advance payment penalties. Halo Capital makes it painless to obtain business loans fast and simply.

Small & Fast Business Loans Under 30K

Do you only need ten thousand dollars fast cash quick business loan? We can deliver. Our uncomplicated form makes it painless to access emergency small business loans and lines of credit. We offer as little as ten thousand dollars. It may be chump change for big commercial lenders but we know it’s everything to you.

Emergency Business Funding Reviews & Complaints

You’re a savvy entrepreneur. You’ve probably read the reviews about fly-by-night companies that charge you fees but never deliver the fast capital companies need. Or you’ve read funding reviews for banks that offer you the cash you need, if only you’ll provide thousands in collateral first. Your emergency funding for business wouldn’t be an emergency if you had cash. We’re different. Just check the BBB to see our ratings. We’ve helped thousands secure the lending they want.

easy small business loans

Quick & Easy Small Business Loans: Get Emergency Funding with Minimal Docs syndicated from https://halocapitalgroup.com


Commercial Truck Loans & Financing Rates

Commercial Truck Loan Rates

Whether you need to purchase a single truck or an entire fleet, you will need to find the right commercial truck finance options to fulfill your specific needs. Most business owners will not pay for these vehicles with cash out of pocket, so they will need to apply for loans for commercial trucks. Financing a commercial truck is similar to applying for a regular truck loan in many cases, but there are some key differences that you should be aware of before you contact finance companies to get started with an application.

Understanding Different Commercial Truck Finance Options

It is important to note that not all commercial truck finance companies offer the same types of loans and that there are different types of loan programs available for different types of work vehicles. For example, owner-operator trucks, fleet trucks, municipal trucks all may qualify for different rates and terms. There are even truck repair loans available for some borrowers. In addition, the amount of the down payment and the sales price may also impact commercial truck loan rates and terms. It is wise to spend time learning more about the different options available for financing trucks before applying. This can help you to determine which program may be most suitable for your needs.

Applying for Commercial Truck Title Loans

If you have never applied for commercial truck title loans, you may be wondering what the financing requirements are with this kind of commercial truck lending. Each of the commercial truck lenders have a different application process. Some have a streamlined, easy application process online, and the process may be rather similar to applying for a personal truck loan. Other companies that offer commercial truck lending programs may have a more complicated process that requires you to submit documentation and have it approved by an underwriter before loan approval. When you are shopping for a commercial truck loan, it makes sense to look for commercial truck financing companies that offer easy financing programs. They will undoubtedly save you valuable time and headaches during the process.

Understanding Used Commercial Truck Loans

Some businesses may purchase used trucks rather than new trucks, and there are benefits associated with doing so. Used commercial truck financing tends to be more affordable since the price of the used truck is lower than that of a new truck. Most will have a similar loan application process and documentation requirements. However, you may find that the interest rates and loan terms vary in some scenarios. In fact, they may vary based on the sales price and loan amount, the age of the vehicle and other factors. When you contact commercial truck lenders about their loan programs, it is important to have this information available so that you get an accurate quote based on your specific needs. You can then use a commercial truck loan calculator with the used vehicle financing rates and terms to determine how affordable the different loan programs may be for your enterprise.

Everything from the financing requirements to the interest rates and loan terms can vary from lender to lender. Factors such as whether you are buying new or used vehicles, their sales prices, how much money you want to put down and how the vehicles will be owned and operated all may impact pricing on your truck loans. It is important to fully understand all of the choices available and to determine which solutions may be most affordable for your budget before you make a final decision about which lending program to apply for.

Using a Commercial Truck Loan Calculator

Just as there are auto loan calculators that you can use when buying a vehicle for personal use, you can also find a financing calculator when considering options for funding your trucks. A commercial truck finance calculator can be used early on in the loan application process to help you to determine how affordable various new or used commercial truck loans may be for your business. Commercial truck financing rates and terms are different than those for private use vehicles. Likewise, the fees can also vary. You can use a calculator to estimate payments for lending terms to determine what sales price may be most affordable for you to purchase.

Loans for Commercial Trucks

 

 

 

Commercial Truck Loans & Financing Rates syndicated from https://halocapitalgroup.com


Retail Loans Services, Funding Companies, and Finance Providers

Retail Business Loans

In the business world, most retail outlets have a very limited amount of capital on hand and cannot afford to have their cash flow tied up in loans given out to clients. At the same time, however, they cannot afford to send customers away from the point of sale on big-ticket items and see their sales sink to a low ebb. Furthermore, businesses often need to renovate their property, move to a new location, upgrade equipment, or engage in extensive marketing campaigns. Yet, they do not always possess the investment capital to accomplish these goals on their own.

The Purpose of Retail Finance Companies

If someone were to ask the average person, “What is a retail loan?,” the response might well be, “A loan to a retailer.” That definition, however, would be off the mark. In fact, retail-financing is a loan extended to a retailers’ clients at point-of-sale to prevent the customer’s inability to pay in full from canceling the sale entirely.

A retail finance company will typically not cater to small-ticket items, which are better handled by credit card providers, but will concentrate major purchases like electronics, expensive furniture, automobiles, and even real estate. A retail mortgage lender, for example, will work with borrowers to assist them on loan applications and then finance the purchase. Retail financing programs have the potential to boost both a business’ profitability and to broaden its customer base. Customer loyalty also is increased when customers are able to take home the items they want without a long wait.

Retail Funding Programs

“Retail store financing” differs from “retail financing” in that it is a commercial loan to retailers that helps them build up their businesses or just ride out financial storms. By enabling businesses to use capital to finance retail projects, retail funding programs ultimately lift struggling companies to the next level and increase their productivity. By giving businesses advance credit on accounts receivable or leveraging loans based on equity and assets, retail business loans take a company through the hard times so they can survive to enjoy a rebound in days ahead.

Affordable Retail Financial Services?

Regardless of the exact type of retail financial services you may need, be it “retail funding” or “retail financing,” none of it will be of much benefit if it is not affordable. Many financing companies charge too much interest to your clients or scare them away with large monthly installments, but we at Halo Capital keep your customers happy so they will not walk away. Our retail financial services also strive to keep retailers themselves happy by offering them flexible and fair terms on a wide variety of loan types.

Retail Financing for Companies With Imperfect Credit?

Bad credit is common in the modern marketplace, and many good customers have financial mishaps in their past that should not keep them from buying your products. Some retail finance providers require minimum credit scores, but we examine each application on a case-by-case basis to render a higher customer approval rate. We also approve transactions quickly, sometimes even instantaneously.

Retail Lending Rates and Terms

Halo Capital Group prides itself on avoiding the overly stringent terms and excessively high interest rates of much of its competition. Our finance solutions are customized to fit your needs and can be completed in as little as two days’ time. We also keep paperwork to a minimum and simplify the lending process to give you a no-hassle experience.

Finding the Right Retail Lender

Halo Capital Group is a retail lender that services all manner of retail loans to a wide range of business types, including restaurants, bars, auto dealerships, boat retailers, electronics stores, realty agencies, and more. Our retail lending practices are fair and upfront, and we always welcome the opportunity to lend you our financial strength and partner with you in growing your business.

Conclusion

At Halo Capital, we provide retail finance for small business owners and companies across the U.S. Our retail credit financing keeps your customers from abandoning a purchase due to low cash on hand or high interest rates and payments. We finance retail improvements and cash flow facilitation as well, and we beat out other retail finance companies when it comes to rates and terms.

 

For a list of factoring companies, see here.

 

Retail Loans Services, Funding Companies, and Finance Providers syndicated from https://halocapitalgroup.com