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A Business line of credit or term securitized by a company's accounts receivables.
This is an ideal product for businesses
with corporate clients and/or
long payment cycles.
Loans ranging between $5000 to $50,000 for start ups. Loans between $50,000 to $250,000 for the businesses which are
2 years or older.
Pledging an asset as collateral for a business loan may seem intimidating. Unfortunately, reluctance to pledge assets can result in expensive financing.
Generally public business banks
have greater capital cushion and
can afford to lend at lower rates than private lenders.
A floating rate on a business loan converted into a fixed rate takes advantage of imminent rate decreases while giving
the borrower an opportunity to lock in
a low rate after a period of
one to two years.
Prepayment penalties for conventional loans span 1 to 5 years while SBA loans are concentrated between 3 to 5 years.
According to SBA standards,
seller financing can substitute around 10 percent of the down payment.
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