Today Accountant has researched all small business administration (SBA) applications and is presenting them to you here in a clear and concise approach. At Today Accountant, we work with companies seeking business loans.
Our areas of expertise include, Commercial Real Estate Loans, SBA 504 Loans and SBA 7A Loans. Additionally, we offer Account Receivable Financing, Invoice Factoring, Purchase Order Financing, Inventory Finance, Equipment Loans and Equipment Leases.
We welcome the opportunity to put our lending experience to work for you. Our lending specialists look for ways to say yes to your financing request. We know that we can’t help everyone but that doesn’t stop prohibit us from trying. If for some reason we can’t help, we might know someone who can. We like to believe that if we can’t do the deal it is likely the deal can’t be done.
using SBA loan financing!
Unsecured Business Loans
We’ll give you the help you need, with a dedicated staff to assist with all your business loan needs. We will begin to work immediately to loan you from between $10,000 to $150,000 in unsecured business financing.
Did you know that a business with weak financials and/or no tax returns can still qualify for our Unsecured Business Finance program up to $150,000? (More Info)
Retirement Account Financing
Best Business Funding available Today - “a rollover as business startup” — or ROBS — as a tax-friendly way for budding entrepreneurs to tap their 401(k) accounts & IRAs. Our Retirement Finance program gives you funding you need faster than a bank loan. The business starts debt-free allowing you reach profitability faster because no money is going toward paying back loans. All profits made are totally in your control because you’re investing your trapped retirement money into the business you own (More Info)
Business Credit Line
A business line of credit acts like a credit card for your business. Interest is only paid on the outstanding line. We can supply you with a predetermined amount of credit with a bank(s) and you can use it over time as needed for working or growth capital. Collateral is not usually required unless the business has poor credit. (More Info)
IRA / 401k Loan
Why should you use your 401k/IRA to fund your business? Starting your business debt-free will lower your overhead and eliminate risking your home equity. Without loan interest to pay, you can make money sooner rather than later. (More Info)
Invoice Factoring / Accounts Receivable Financing
If your company invoices other companies for a product or service, Today Accountant may be able to offer you financing through our Accounts Receivable Financing or Invoice Factoring Programs. Accounts Receivable Financing and Invoice Factoring are much easier to qualify for than a traditional bank financing. Our lending solutions are straight forward and simple to understand. (More Info)
Purchase Order Financing
If you have a Purchase Order or Purchase Orders that you cannot fulfill because of cash flow constraints or lack of capital, PO Financing may be the answer. Purchase Order Financing is nothing more than short term financing used by companies to pay their suppliers for a product or products that have been presold to a credit worthy customer.(More Info)
Today Accountant’s Equipment Financing programs are designed to take the red tape out of financing and whenever possible avoiding typical “bank requirements”. We specialize in both new and used equipment and finance a wide range of industries. (More Info)
If you are an Importer/Distributor who needs to maintain a complete stock of inventory to supply North America buyers thus tying up significant amounts of working capital, Today Accountant’s Inventory Finance Program might be the solution to free-up that working capital. In conjunction with our Accounts Receivable Financing and Invoice Factoring programs it may be possible for us to offer you an advance against finished goods inventory. (More Info)
Our Commercial Loan Program provides small businesses the opportunity to purchase commercial and residential real estate. The SBA 504 Loan can be closed with a 10% down payment. The SBA 504 is a fixed term loan with payments amortized over 20 years. We pursue SBA 504 transactions from $500,000 to $10,000,000, non-SBA Commercial Loans up to $5,000,000. (More Info)
SBA 7A Loans
The SBA 7A loan can be used for a variety of purposes including working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction) and leasehold improvements. (More Info)
Choosing the correct business loan is a critical step every business owner must take into consideration. The following chart provides a high-level comparison of the most popular loans of business finance and their attributes along with the correct loan application:
|Unsecured Business Loan||Business Credit Line||SBA 7a||Commercial Loan||Receivable Financing||Purchase Order Financing||Invoice Financing|
|Collateral||No||No||Possibly||Land & Improvements||Accounts Receivable||Purchase Orders||Invoices|
|Age of Business||New Business Okay||2 year minimum||New Business Okay||New Business Okay||New Business Okay||New Business Okay||New Business Okay|
|Funding Amounts||$5,000 - $150,000||$150,000 - $5 million||up to $5 million||up to $10 million||90% of Receivables||90% of P.O.||90% of Invoices|
|Time to Funding||14 - 30 Days||1 - 2 Months||30 Days||45 Days||3 Days||3 Days||3 Days|
|Credit Score Required||600+||600+||600+||600+||N/A||N/A||N/A|
|Interest Rates||9.99% to 19.99%||Prime Rate +
|Prime Rate + 2%||Index +
|Prime Rate +
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