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Small business lines of credit services right now? When you choose to lease the equipment necessary to run your business, you can take advantage of the following key benefits Low monthly repayment options; Elimination of old or malfunctioning equipment; Increase cash flow for other business aspects; Tax advantages for the business; Approval of application in one to five days. Types of Programs: There are three equipment leasing program options for your business to fall under. Each one is for different industries in order to meet specific needs. The details of each are as follows: Governmental program: This program works for government entities such as libraries, police stations, armed services, fire stations and even schools. Due to the nature of the business, Aspen Commercial Lending can guarantee approval for municipal and government bodies.

Gather documents and develop a business plan. Traditional lenders will require your business to submit a wide range of financial and legal documents during the application process. You will have to show income tax returns, balance sheets and income statements, bank statements, and all legal documentation for your business. A solid plan will give lenders more confidence in your company. Provide collateral. Finally, you may have to provide some collateral for your small business loan. This collateral can be equipment, real estate, or inventory the lender can seize if you don’t make your payments. Collateral is simply a way for lenders to recover the money if your business fails. We hope that these tips help you understand how to qualify for a small business loan. Starting a business is a rewarding experience, but not everyone has the capital to get started. If you got a great idea, an excellent credit score, and a solid business plan, you can apply for a small business loan to help get your business off the ground. Contact us if you have further questions or would like to get started on the process!

Finally, another option to consider is a government-insured loan like the Federal Housing Administration, or FHA, loans. The 203k loan program, for instance, lends out funds for purchasing multi-unit properties. However, this program may only be available to consumers wanting to buy owner-occupied places, and not to those looking for investment alone. Owning commercial real estate can not only diversify your business’s investment portfolio but can bring in a side stream of income as well. Keep these top financing options in mind and you’ll be on your way to pursuing the commercial property ventures your business needs. Read more details at Commercial Lending.

If your business struggles to obtain financing for presold or finished goods, you’re not alone. At Aspen Commercial Lending, we recognized a need for loans for these types of products and vowed to offer a solution, which we now do via the form of purchase order financing. Whether your business imports, exports, resells or distributes, if you need money to pay your suppliers and increase your output, we’re ready to help. Our financing team at Aspen Commercial Lending is skilled in the production of loans for works in progress and in obtaining lines of credit for domestic trade purchases and import and export transactions. Whether your business is a startup, lacks access to capital or experiences poor cashflow, we’re willing and able to help.

Does your business allow customers to pay open accounts at a later date? If so, you may need accounts receivable financing from Aspen Commercial Lending. We can provide you with discounted account invoices to help your company grow during the interval. Financing for your business should be about more than simply receiving money. That is why you gain several benefits with a loan from Aspen Commercial Lending. The first being that the amount you receive is based on the credit of your customers, not your business. Some other things you can look forward to include the following: Receive cash in as little as 24 hours, Recourse-free funding, Flexible payments, Personal guarantees are not required. Our receivables financing service enables you to receive more funding as your sales increase. That means your funding can expand with your business. Discover even more details on https://aspencommerciallending.com/.