It takes more than hard work to grow a business. It takes capital.
Twenty years ago, half the commercial loans made by financial institutions were “small” loans under $1 million. This made credit an accessible tool for entrepreneurs in the process of growing their business. Today, the number has dropped to less than one-third. Lending guidelines have tightened and capital availability continues to shrink as banks focus on more lucrative loans of $1 million and above.
However, utilizing low-interest commercial loans remains the most effective way to grow your business. Unlike investing profits or getting venture capital, which are feasible only to a select few, commercial loans are available to anyone with the necessary credit and cash flow. In fact, commercial loans provide you with significant growth opportunities at a fractional cost. However, you don’t just want to get a loan. You want to get the right loan for your business.
You can’t get the right deal if you don’t go to the right bank.
Every business is different, and not all banks lend alike. Although most banks offer the same lending products, in actuality they do not all lend at the same rates or to the same borrowers. For example, some banks are speciality lenders, focusing on the entertainment, security, or transportation industries. Others may focus on community revitalization or social impact. Knowing where to go means the difference between a funded application and a series of declines with little or no explanation. It also results in better terms and more attractive rates. We take a comprehensive approach to Access to Capital, working with you from start to finish.
Want to learn more?
Read our case studies and industry reports.