K JACKSON & ASSOCIATES, INC
(SUI/SIT)
Short-Term Loans allow for very fast funding, so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly, or bi-weekly. The short-term loan is best for businesses with high and consistent sales that are in need of quick and unsecured cash to use however they need.
A Long-Term Loan is a common form of long-term business funding. You get a lump sum of cash upfront to invest in your business and repay with interest over a predetermined time period. This is best for businesses looking to expand that have good credit and strong business revenue. This loan type offers fast funding typically within 2 days to a week.
These loans are guaranteed by the Small Business Administration. They offer some of the lowest rates on the market, as well as long repayment terms and the ability to borrow up to $5 million. Repayment ranges from 7- to 25 years based on how you plan to use the money. SBA loans are best for strong credit borrowers who have been operating for 2 years and are willing to work on the long application process to expand their business or refinance debt.
A line of credit gives you access to funds up to your credit limit, which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
Equipment Loans help you purchase the equipment at competitive rates if you have good credit and good finances. The equipment serves as collateral and the term is usually calculated off of the expected life span of the purchased equipment.
Working Capital is for when your business has unpaid customer invoices that you can’t wait to be paid for. You can use invoices to get cash now. This is best for businesses with unpaid invoices that need fast funding, and is easier to get approved for compared to other similar options.
Real Estate financing is an excellent option for investors and commercial property purchases. This option is best for individuals and businesses looking to purchase real estate.
LEGAL DISCLAIMER: You must not rely on the information on this website as an alternative to legal advice from your attorney. If you have any questions about any legal matter, you should consult with your attorney or if you do not have an attorney, contact the American Bar Association for a referral. I am not an attorney, and I am not able to provide legal advice
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