The number one reason why small businesses fail is lack of funding. Did you know that funds are available for people just like you who have a great business plan, but not enough cash to move forward? This is no secret. There are many others in your same situation, who lack the resources to find lenders willing to provide small business loans.
 Call today! (877) 690-8955 |
This is where Access Credit Lines (ACCESS) can help. Don’t worry if you think you don’t qualify, ACCESS will work with you and be there every step of the way. |
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Each lender has specific requirements. ACCESS is not a lender, but a resource company dedicated to matching YOU with a lender who will say YES!
Angel Investors and
Venture Capitalist
Angel investors are often willing to consider a company
in which there is too much risk for banks and not enough
profit potential for venture capitalists. Typically,
angel investors are willing to invest for a longer time
and for less than $1 million.
Venture capitalists have
strict investment criteria and generally specialize in
specific industries. They prefer a return on their
investment within three to five years. Usually,
they will not invest less than $5 million at a time, and
oftentimes they will want to play an active role in your
company.
Commercial Bank Loan
Commercial loans allow business owners to maintain
control of their day-to-day operations.
Unfortunately, many times new companies are not able to
tap this source because they lack in operating or credit
history and have no collateral. Businesses seeking
$100,000 or less can oftentimes find unsecured loans
that are focused on the owner’s personal credit.
Small Business Administration
The U.S. Small Business
Administration (SBA) offers numerous loan programs for
small businesses. A business must first show it cannot
obtain conventional financing at reasonable terms.
Business owners also must personally guarantee SBA loans
and must show cash flows sufficient to repay the loan.
If you are like most business
owners, you have a “business” credit card. Too often,
however, it’s merely a personal credit card with your
business name printed on it, even if the monthly bill
arrives at your business. To build genuine business
credit, you need to make purchases with creditors or
lenders who report to business credit bureaus. Among the
best known bureaus are Dun and Bradstreet, Business
Experian and Business Equifax. Having a business credit
score can be an important tool in your business-building
arsenal, and Access Credit Lines can help. We have a
Business Credit Line List, which includes the names
of creditors and lenders who will extend credit and
financing to startups without your personal credit being
used.
| Quick Tips Staples is one of many credit cards that will approve startup companies without using a personal guarantee. Access Credit Lines has a Business Credit Line List with the names of creditors and lenders that will not use your personal credit. Call Access Credit Lines at 877-690-8955 to see if your company is listed with the three major business credit reporting agencies. |
Equipment lease financing, unlike bank loans, requires no large down payment. Taxes, service contracts, delivery, and other costs not normally financed by a bank loan can be included with most leases. Typically, one to two payments in advance are required. Equipment leasing/financing provides access to many types of equipment, including computers, copiers, fax machines, cars and trucks, without tying up cash. Leasing can also free up cash for other uses.
Merchant Account Cash Advances
A merchant cash advance or “business cash advance,” gives you cash based on your average credit card processing volume. Repayment of the cash advance is deducted from a predetermined percentage of your daily Visa® and MasterCard® receipts until the advance is paid. This is an excellent alternative for small to medium sized businesses when traditional loans are not an option. Funds can be available in as little as seven (7) business days.
