Windsor Consulting Group can help facilitate financing to small business owners, and those with aspirations of starting their own new business. We start with one-on-one conversations to identify your business funding requirements before we talk solutions. Once a plan is decided upon, our broad access to lenders nationwide places you in the best position possible to receive financing. We pride ourselves in empowering business owners like yourself to obtain the capital necessary to start, expand, and grow their business.
To learn more about how Windsor Consulting Group can help your business get the funding you need, expand the sections below:
A Commercial Mortgage is a mortgage using commercial real estate as collateral, or other business real estate. Generally, commercial mortgages are taken on by the Business instead of an individual. Our lenders have a variety of Commercial Mortgage options available for business owners. The mortgage can be secured on any of the following options (and more):
Let the government help you obtain financing for your small business. The SBA is an independent agency of the federal government with a role in providing financial assistance to America’s small businesses. Here are some of their different loan programs:
According to the SBA, Community Advantage is a pilot initiative aimed at increasing the number of SBA 7(a) lenders who reach underserved communities, targeting community-based, mission-focused financial institutions which were previously not able to offer SBA loans. The Community Advantage has a streamlined two page application and a quick turnaround of approval. The maximum loan amount is $250,000.
SBA Express loans can be acquired by small start-up or home-based businesses. With applications under $100,000 there is no income proof, less paperwork and a quick funding process. This financing permits lenders to offer more flexible loan terms or a convenient line of credit. Loan amounts can go up to $1,000,000 and the funds can be used for startup, expansion, business acquisition, franchise financing, equipment, machinery, inventory or just working capital.
The Small Business Administration 7(a) loan program is the most frequently used government-enhanced small business loan program. If you are awarded a 7(a) loan, the loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business. Loan amounts can go up to $5,000,000. SBA provides an 85% guarantee to Financial Institutions on loan amounts of $150,000 or less and a 75% guarantee on loan amounts of $150,000 or more.
The 504 SBA Loan provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. The assets are typically real estate, buildings, equipment and/or machinery. The 504 Program cannot be used for working capital, inventory, consolidating or repaying debt. Loan amounts can go up to $2,000,000 and financing is typically secured in conjunction with a Certified Development Company (CDC).
Unsecured Business lines of credit are the most commonly requested form of financing. Why? A Business line of credit is a true asset to your business. You can draw from the line at any time, there are no collateral requirements, no liens placed on your business and no UCC filings. The line of credit helps meet the short term working capital needs like covering outstanding receivables, cash flow shortages, making payroll, purchasing inventory, expansion or unforeseen operating expenses.
An unsecured business line of credit is revolving like a credit card, has no fixed payment terms and typically requires interest only payments each month. This allows you to manage cashflow until the excess funds from more lucrative months roll in. The amount your business is able to receive from a business line of credit will depend on your past revenue and projected annual cash flow. A positive cash flow and the ability to demonstrate future debt coverage will be required for approval.
In recent years there has been a lot of skepticism that the Unsecured Business Line of Credit does not exist. This is simply untrue! Many business owners qualify for this type of funding but are unaware of which lenders have this product. We will determine the appropriate lender that will approve your Unsecured Line of Credit.
A business that has been in existence for less than 2 years is typically considered to be in its Startup phase. During this time it is usually difficult to find the correct lender that will issue your business the funds it needs to start, expand and grow. Applying at the wrong institution for startup capital could hurt your chances for being approved. Working with Windsor Consulting Group you will have access to the correct financial institutions that fund startups.
Businesses use start up financing for a variety of reasons including: purchasing hardware, paying for services, buying new or updating software, working capital, equipment, payroll, consolidation, etc. This financing is offered without providing any tax returns and not requiring large amounts of money in the bank. Establishing the correct business credit profile by obtaining financing as a start up is essential for your long term financial goals.
As business opportunities arise, the need for additional equipment becomes necessary to expand to increase revenues. Whether a small mom and pop shop or a fortune 500 company, all companies share a common denominator—cash flow is the lifeblood of business. Even for a company with large cash reserves, financing equipment makes sense by matching cost to benefit. Cash flow becomes predictable and justifiable. Rather than tying up precious working capital or bank lines, smart businesses let the equipment benefits pay for the equipment…while their cash reserves and borrowing power work to fund their future success.