Present by: Jamil A. Massengill, International Business
Consultant
Company: JAMAIA Financial Marketing Group, LLC
Email: JAMAIAFinancial@Adpost.com
Product: Small Business Loans
Website: http://apply4funding.com/1304
Email: JAMAIAFinancial@Adpost.com
Product: Small Business Loans
Website: http://apply4funding.com/1304
Various Types Of Loans Available For Business Startups
There are various kinds of loans
available these days, which we shall discuss below.
Bank Loans
For owners of small business who
require a considerable amount of cash flow, bank loans are an excellent option
because they usually have lower rates than any other type of financing. If any
business owner is planning to avail loan from banks then they must provide
complete financial information, a good business plan, and a guarantee. However,
smaller local banks have easier underwriting for loans. When you are planning
to take financial help from a bank, then you must take into consideration the
processing time taken by banks.
Credit Cards
Many small businesses have been
established with funding available from personal credit cards. This is because
it is readily accessible cash, and moreover, personal credit cards are easier
to get hold of than a business loan from a bank or elsewhere. This does not
imply that it is the best choice for your startup or business.
When you are considering the merits
of various types of loans you can avail, you need to think about interest rates
which would apply. Credit cards naturally have a higher rate of interest than
loans. What's more, is making use of personal credit to support a business is
dangerous. If at all the business you started fails, then you would be damaging
all your credit and you will be left nothing much for your future.
Lines of Credit
Most of the banks which offer loans
also offer lines of credit. The advantage of this type of funding for small
business is its flexibility. It is good for additional cash flow when a
particular business opportunity awaits you and you require funding. They can be
easily availed in the form of credit card. By using a line of credit for
various business expenses, you can keep track of the accounts used for business
and for personal purchases.
Alternative Lending
You will find new players in the
territory of lending funds for small business. They are called as alternative
lenders. Alternative lenders provide loans to the owners in the type of quick
and flexible funding.
Unlike banks alternative lenders use
borrowed capital and make a broader range of advertisement like comments on
social media sites, online reviews, and so on. This enables funding to be
easily accessible, and most of email the business owners will find out in no
time if they are accepted. Borrowers usually pay a higher rate of interest in
this type of funding. But, it is more advantageous for a business owner who is
in need of quick cash.
If you are looking for a Line of
Credit, Revenue Based loan with less than perfect credit, Business Term or from
$20K - $5 Million, Commercial Real Estate Loan, SBA Business Loans, Real Esate
Development Loans or Global Project Funding
contact me immediate to discuss your options.
Apply Online: http://apply4funding.com/1304
Please contact me at 704-906-6197
for a No Obligation Consultation on your business needs
Best
Regards,
Jamil A Massengill
International Business Consultant | Facilitator
JAMAIA
Financial Marketing Group, LLCJamil A Massengill
International Business Consultant | Facilitator
Life, Health and Financial Services
Direct: 704-906-6197
Skype: jamaiafinancial
Email: JAMAIAFinancial@Adpost.com
Blog: http://www.JAMAIAFinancial.Blogspot.com Website: http://www.FastCashForContracts.com
Tagged: Small Business loan, Loans, Business Loans, Business Financing, Business Finance, SBA Loan, Commercial Loans, Commercial Real Estate Loan,Commercial Real Estate Financing, Revenue Based Lending, Bad Credit Loans, Business Credit Line, Line of Credit, No Collateral Loans, No Financial Loans, One Day in Business Loans, Construction Loans, Hotel financing, Warehouse Financing, Direct: 704-906-6197
Skype: jamaiafinancial
Email: JAMAIAFinancial@Adpost.com
Blog: http://www.JAMAIAFinancial.Blogspot.com Website: http://www.FastCashForContracts.com
