Top commercial lending offers Denver? Does your business require certain equipment to operate on a daily basis, such as computers or construction tools? Or even heavy equipment for bigger ventures if you’re in the manufacturing space? If so, you need the right financing option to make that possible. That is where equipment financing from Aspen Commercial Lending comes in. As one of the best equipment financing companies, we understand that equipment is important to many businesses and can be a financial burden, but leasing the machinery you need is a viable alternative for many companies.
Running a business, while rewarding, isn’t easy. Entrepreneurship is inherently risky, and 20% of small businesses fail within the first year. 50% fail within five years, and only 33% of companies make it ten years or longer. To safeguard your business, it’s important to know exactly what can lead to business failure and how you can avoid it. Lack of capital funding. Let’s face it. Having a business requires money. The best-case scenario is for the business owner to be intimately aware of how much it costs to keep the operation running from day-to-day. However, some business owners are less in tune with how much revenue is generated, and this disconnect can lead to failure.
The first stop for anyone looking to finance a commercial property is generally a conventional mortgage from lenders like banks or credit unions. These loans work a bit differently from residential mortgages in that they usually have shorter term lengths. One of the advantages is that conventional mortgages, once secured, often have better interest rates than other types of financing. Additionally, you’ll need to qualify, meaning your company should have excellent credit, several years in business, and proof of income. Be prepared to put in at least a 10% down payment if you go this route. It’s also important to be aware that mortgage lenders typically base their loan on the value of the property, so you’ll have to get a professional assessment of your intended property done in order to lock in the best possible rates. Find additional details at https://aspencommerciallending.com/how-to-purchase-commercial-real-estate-with-an-sba-loan/.
If you struggle to get approved for a small business loan or any other type of loan from a traditional bank or credit union, it may be time to explore more creative options. At Aspen Commercial Lending, we offer business owners the opportunity to borrow against their credit card sales via a process called merchant cash advance. If your business is approved for a cash advance, our team at Aspen Commercial Lending will give you up to $200,000 for each business location. Your advances are then taken against your credit card sales to come. We don’t discriminate against credit card companies and will gladly advance funds against sales from MasterCard, Visa, Discover, American Express or any other eligible company. Once approved, you can expect your funds in no more than seven days.
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. See more details at here.