What We Offer
A Suite of Products Tailored for Your Business
Conventional Bank financing
o Traditional Lines of Credit
o Term Loans
Conventional loans offered by FDIC insured banks are typically in the form of lines of credit or term loans. Conventional bank financing is an excellent solution for stable, established businesses. Through our vast network of national, regional, and community banks, we can review your current banking relationship and help determine if there are more advantageous avenues to pursue.
Alternative Financing
o Asset Based Lending from $500,000 to $200mm
o Accounts Receivable Financing from $50,000 to $50mm
* Industries include, but are not limited to, Manufacturing, Distribution, Service Providers, Construction, and Medical
Unlike conventional bank financing, alternative solutions are either revenue-based or secured with physical assets or collateral.
SBA loans - Apply online
o SBA 504 Commercial RE
o Standard 7(a)
o 7(a) Small Loan
o SBA Express
An SBA loan is partially guaranteed by the Small Business Administration. This option can provide up to $5mm of financing at an affordable rate. However, these loans, such as the SBA loan 7a, involve several steps to acquire. The complexity can trip up even the smartest business owners as they work on the required paperwork. For all your SBA loan needs, it's essential to work with a professional who can help prevent costly errors.
*Apply online using our portal by clicking
SBA LOANS above.
Short-Term (bridge) loans
o Typically Calculated on Simple Interest
o Quick Approval
Most businesses experience gaps where a short-term business loan is necessary. These lending options keep their company operating while waiting on additional funding or proceeds from a large payment for goods sold or services. Also known as bridge loans, fast financing can be challenging for some brands to achieve. When time is crucial, you want a knowledgeable commercial finance expert to guide you through the process and help you secure the loan.
Inventory Financing
o Stand Alone Inventory Loans
o Inventory Coupled with A/R
Companies with a large inventory but low cash reserves may find it necessary to get funding to help them with everyday expenses while waiting on sales. Inventory financing has the potential to be challenging to obtain. Stand-alone inventory financing is secured solely on the business's revolving inventory. BFN works with lenders in this area that review each loan request individually. Alternatively, inventory coupled with other business assets such as accounts receivable will open the door to additional lenders. We can help you get the funding you need at the lowest possible rate.
Equipment financing
o Machinery
o Yellow Iron
o Rolling Stock
For many potential entrepreneurs and small businesses, a significant barrier to expanding your business is equipment cost. Heavy machinery for construction jobs, agriculture work, automotive repair, and manufacturing requires expensive equipment purchases. Even used items are often unobtainable because of costs.