Financing your business from different sources in the form of debt is necessary if you want to expand and see your business grow. There are various sources available in the market to fit the needs of every business be it large, small, old or new.

Here is an overview of the general types of financing options available.

Equipment Financing

This financing option is feasible for you if you are currently a small business but are looking to expand, for which you need more equipment. This loan helps you purchase new business equipment and machinery right away by using the same as collateral.

Invoice Factoring

Also called Invoice Financing or Accounts Receivable Financing, it is suitable for your business since it offers fast cash based on the outstanding invoices of your business. It lets you get payments for outstanding invoices right away, which are usually around 85% of the total. For any invoice that goes unpaid, a factor fee is charged every week.

Working Capital Loans

This loan is required for the purpose of financing day-to-day operations. We suggest that every business should opt for this type of loan as it allows you to have sufficient cash on hand to smoothly run the functions of the business. These loans are not used for the purpose of long-term investments but rather to cover variable costs of the business.

Start-Up Business Loans

You can get these loans in the form of seed money from angel investors. Angel investors are those people who are looking to invest in innovative business ideas and opportunities that they find lucrative.

Merchant Cash Advance

Merchant cash advance is a financing option that would best suit your need if you have poor credit. With this type of financing, you repay a lump sum of capital by using your daily credit card transactions.

Fix and Flip Financing

These loans are short-term real estate loans which you can opt for if you are looking to purchase and then renovate a property and then sell it off again at a higher price to earn a profit.

SBA Loans

These loans are secured by Small Business Administrations and are low-cost, flexible term loans. They charge low-interest rates because of you being a small business. They are partially guaranteed by the government.

Business Acquisition Financing

If you are looking to acquire some other company either for the sake of investment or a competitor for the sake of increasing your production capacity and product line, then you need to look for financing options that can support this acquisition. This financing can be done by leveraging the existing assets of the company being acquired to a maximum amount based on cash flows available while keeping your cash requirements to a minimum.

You would require availing this financing option as you need to pay off the owners of the company that you are acquiring.

Are you a business that is currently in need of financing and requires financial assistance for the purpose then visit KLB Business Funding right away. We offer you a full lineup of financing solutions for your business. If you have any further questions call us on 347-755-2257