Excuse me if I skip many of our programs on this post due to limitation reasons. However, if you have any question about a commercial loan program you are interested in, feel free to ask here on our forum and Nelson and I will get back to you as soon as possible. Lending Network, Inc. offers business and commercial loan programs for various businesses and investors. The following are the different types of business and commercial loans available:
Business Loan Programs:
Factoring
Method of financing: businesses sell their accounts receivable at a discount to receive immediate funds.
Accounts Receivable Financing
Allows companies to get an advance on outstanding invoices to have better cash flow.
Equipment Financing
Equipment financing is a lending program designed to buy company equipment that shall serve as collateral. Examples of equipment financing are the following:
- Food Truck
- Medical EquipmentEquipment Such as X-ray machines and Other Equipment and Tools
- Bob Cat, Trailers, Heavy Equipment, and Other Machinery
Merchant Cash Advances (MCA)
A large sum of money is lent in return for a percentage of future sales, usually to enterprises with high credit card sales.
Business Lines of Credit
A revolving credit line enables firms to borrow up to a certain limit when necessary for working capital or other expenses.
Commercial Loans That Are Term Loans
Fixed capital with regular repayment terms over a specific period; commonly used for expansion, purchase of equipment, or working capital requirements.
Commercial Loan Programs:
Bridge Loans
Short-term funds are often employed during real estate transactions as temporary financing until long-term financial arrangements are made.
Hard Money Loans
Short-term asset-backed credits from private lenders are usually secured against property with higher interest rates appropriate where quick finance is required.
Commercial Mortgages
Long-term debt facilities are granted for purchasing or refinancing commercial real estate properties.
Construction Loans
Financing provided for construction or renovation work done on commercial establishments is usually converted into a mortgage after completion.
SBA Loans
SBA 7(a) Loan Program: flexible scheme covering various business needs including but not limited to working capital, equipment acquisition, and real estate investments.
SBA 504 Loan Program: This program focuses on fixed asset acquisition, such as land, buildings, plants, machinery, etc., offering extended repayment schedules together with fixed interest rates.
SBA Microloans: Small loan amounts with duration repayments ideal for startups and small businesses requiring fewer funds.
Non-QM Commercial Loans
Non-QM Commercial Loans are commercial loans with minimal financial documentation requirements that often target borrowers with complicated income situations.
Asset-Based Loans: Collateralized against inventory, accounts receivable, or other assets rather than cash flow.
Government-Backed Loans
Fannie Mae and Freddie Mac: Multifamily property financing plus certain types of commercial real estate projects.
USDA Business and Industry Loans: These loans are designed for enterprises located in rural areas and aim to foster economic development within those regions.
HUD Loans: Healthcare facilities finance multifamily affordable housing project funding.
Private and Hard Money Loans
Private Loans: More flexible funding from private investors or institutions.
Hard Money Loans: Short-term loans from private lenders, typically secured by real estate and with higher interest rates.
Mezzanine Financing
Debt-equity hybrid applicable expansions acquisitions recapitalizations allow for conversion into equity when default risk is involved.
Crowdfunding and Peer-to-Peer Lending
Crowdfunding: Raising small amounts of money from many people through an online platform.
Peer-to-Peer Lending: Borrowing funds directly from individuals via an internet-based lending platform. These loan programs address various business requirements, from immediate cash flow solutions to long-term property investment financing. Lending Network, Inc. utilizes its knowledge base to deliver custom financial solutions for firms and investors.