Tuesday, August 28, 2012

How to Find Money for Your Business

How to Find Money for Your Business

Depending on the type of business, and its particular needs and assets, there are many different types of loans available today. For example, a well-established business, might take out an unsecured "working capital" loan, which is based solely on the good credit rating of the borrower however, a smaller business, without a good established credit history will probably need some kind of collateral to secure the loan.
Now in some cases, a company's "accounts receivable" can be used to satisfy the collateral requirement. Most equipment, or machinery, the business has (or intends buy with the loan) can also serve as collateral. many times a business may also sell its equipment to a lender to acquire quick cash, and then lease it back from them.
There are business loan programs available for real estate acquisition, for building construction, to purchase existing businesses and even to start them. There are also professional loans for doctors and lawyers etc. A business can even open up a line of credit (LOC) for upwards to $200,000, based on their credit rating and existing inventory, or they can obtain a "merchant account" cash advance of up to $50,000 against monthly merchant credit receipts. These are usually held by the vendor they use to procure their inventory.
It is imperative that a business owner (or future owner) know what type of loan is best-suited to meet his or her business's specific needs

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  3. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
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  4. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
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  5. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
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    ReplyDelete