Money Financial Group provides quick and easy financial solutions with loans and lines of credit up to $750,000
A business loan is a type of financial tool that is provided to a business borrower to help grow or enhance their company. Borrowers work with a lender to determine the amount borrowed, along with applicable interest and fees, as stipulated by the financial institution. This form of debt financing is typically used for capital expansion, asset acquisition, or working capital requirements. Business loans are distinct from other types of borrowing due to their longer terms and more stringent criteria in terms of the repayment schedule, creditworthiness, collateralization requirements, and associated costs.
We understand how businesses operate, and at Money Financial Group we have specialized working capital financing to meet the needs of business owners. Our customized funding options offer an easy application process, easy-to-understand terms, and flexible repayment options so that our financing products are suitable and affordable for any business that requires financing when they need it.
Let's have a closer look at your business's profile to see if we can qualify for a business loan. Complete our quick application and we will work diligently to obtain the best option for you.
A business loan can provide a company with access to financial capital which can be put to use for various purposes. This capital can be used to cover operational costs, purchase inventory or equipment, expand existing operations, finance research and development initiatives, or otherwise invest in growth opportunities that may not have been possible without the additional funds. Furthermore, obtaining a loan can help improve a company's current position and may give companies the ability to secure assets
A line of credit differs from other monetary funding in that it does not utilize a repayment schedule. It enables a business to take on flexible forms of funding, enabling them to pay for sudden expenses when they arise. It allows the business to borrow up to an agreed amount, known as the credit limit, which they can draw upon periodically, or as needed. It typically offers more flexible repayment terms than other forms of financing and is often used as a way for businesses to fund short-term operating expenses such as inventory purchases and payroll.
You may need to obtain a loan when there is an unexpected expense or when a large capital investment is required for the company. Additionally, if you are looking to expand operations, it may be necessary to seek financing from external sources. Furthermore, if a company seeks to acquire another entity or invest in research and development initiatives, obtaining a loan can provide the necessary funds to achieve these goals.
In order to provide the best products to our customers and offer processing efficiency; the length of time in business, type of industry, cash flow, business, and credit bureau ratings are all used in the decision-making process.
Yes you can.
The pro-rated charge covers the interim period between the commencement date and the first due date of your regular billing cycle. The amount of the pro-rated charge is calculated as 1/30th of the regular scheduled payment amount, multiplied by the number of days in the interim period.
Up to 36 months for commercial. Up to 84 months for leases and equipment financing.