A commercial equity line of credit (CELOC) is a financial tool that allows businesses to borrow money against the equity in their commercial property. This type of credit works similarly to a home equity line of credit (HELOC) but is specifically designed for commercial properties.
With a CELOC, businesses can access funds up to a predetermined credit limit as needed.
Subordinated debt (debenture), also called sub debt, is a type of debt used in business financing that is a lower priority in the capital structure than senior debt. Subordinated debt holders are considered subordinate to senior lenders, which means they have a higher risk but potentially higher returns.
In contrast, senior or unsubordinated debt takes precedence over subordinated debt in repayment.
Bad credit business loans for veterans are specialized loan programs to support veteran-owned small businesses with imperfect credit histories. These loans offer flexible terms and personalized options to cater to veterans’ unique requirements.
Leasing gym equipment is an extended form of renting it. Instead of purchasing machines like treadmills, weight benches, ellipticals, etc., you pay a monthly fee to offer them in your gym, but the leasing company retains ownership.
Several types of gym equipment leases and financing options are available, varying in cost, term length, and end-of-lease options. Depending on the lease
A no-money-down business loan is a commercial financing product that doesn’t require a down payment. These loans help businesses that need funding but lack the capital to make an initial investment.
Getting a business loan without a down payment helps companies better manage cash flow and use the funds to support or grow the business. However, business owners should be aware
2023 was a tumultuous year for traditional banks, with the high-profile collapses of Silicon Valley Bank and Signature Bank, increasing interest rates, tightening regulations, and new recession fears. As a result, bank money has become scared money and many are turning to non-bank, alternative lenders.
A business line of credit is a flexible financing option that helps businesses cover unexpected costs, such as emergencies, or provide funding for ongoing projects. You can draw funds from the credit limit as needed, allowing for on-demand funding when you need it. However, understanding the costs involved is crucial for effective management. Calculating interest and monthly payments can be
Many business owners turn to a commercial mortgage to finance buying a business property, but the loan costs are considerable. It would be best to run the numbers and see if your business can afford it – this is where the commercial mortgage calculator comes into play.
The USAA business loan program offered various options for small businesses, including term loans, lines of credit, and commercial real estate loans. These loans were designed to help businesses with financing, whether for expanding operations, purchasing equipment, or covering day-to-day expenses. Additionally, USAA offered business credit cards with rewards and benefits tailored to the needs of small business owners.
The 2024 small business lending forecast presents a dynamic shift in the borrowing landscape for entrepreneurs. Technological innovations have revolutionized lending terms and accessibility, creating an environment where traditional offerings face competition from advanced digital platforms.