No matter what type of business you have, whether it is a brand new
startup looking to grow or something you have built up over decades
looking for new opportunities, having the necessary funding is key to
your success. You may be familiar with loans and financing in your
personal life, but what do you know about how they can help your
business? When you have the right funding and the security of business
loans, your business has the space to grow and improve. To help you
understand more about what financing could do for your business, here
is your guide to the different types of business loans available and how
they could help you—
Commercial Real Estate Loans
Expanding your business through new locations, renovation, or any kind
of property-related addition is a great way to foster growth, but without
the right funding, this can end up costing your business more than you
thought. One of the best ways to make sure you have the right funding
for your new properties or renovations is a commercial real estate loan.
These loans are tailor-made to support your business through your
commercial property expansion and be a critical part of your company’s
growth. At 1st Advantage, our commercial real estate loan program
connects you with lenders who will help you every step of the way to
ensure a streamlined loan process. We offer flexible repayment terms
catered to your needs, and solutions for anything you might encounter
along the way.
Business Line of Credit
Sometimes the best thing a business can do to promote growth is
managing their operations and expenses with a secure amount of
available funds. This is where a business line of credit comes in. It
functions much like a regular credit card, where the business can borrow
up to a certain amount when needed, and repay it at scheduled intervals.
This can help your business reach a more a stable level of cash flow, and
even let you take advantage of new business opportunities without the
fear of throwing off your finances.
Equipment Financing
Maybe your business is looking to expand its range of products,
services, or just improve the quality of your currents ones. This requires
new equipment, the prices of which can add up and make it seem that
the success you may achieve with these new products and services is not
worth it. This should never be an obstacle. This is where equipment
financing can make a world of difference. This kind of loan helps you
get access to this necessary technology quickly, get started on your
planned developments, and see the financial results before you would
have been able to even get the equipment without it.
Working Capital
If your business needs to take care of temporary financial needs like
seasonal cash flow gaps, accounts receivable gaps, and unique
opportunities, working capital is your best option. This kind of loan is
designed to temporarily help you with your day to day financial needs in
order to reach your long term goals. With this kind of loan, your
business can have peace of mind without the worry of falling into any
financial crises as you go about your everyday operation.
We know that finding the right financing option for your unique
business can be daunting, and that is why 1st Advantage Bank is here to
help you. We offer a range of business loans and financing options;
whether you are looking to open a new location, open a line of credit, or
just some financial help, we have you covered. Not sure what your
business would benefit from the most? Contact us and speak with one of
our financial experts to get personalized and reliable guidance to get
your business exactly what it needs. Member FDIC and Equal Housing Lender