Business loans
Surfside Advisory offers a comprehensive suite of funding options designed to meet both your immediate and long-term needs.
A business term loan provides a stable and reliable way to secure working capital, grow your business, and build your credit.
Advantages Of Term Loans
- Lower Interest Rates
- Term loans often have lower interest rates than other financing options, like credit cards or short-term loans.
- Predictable Repayment
- This can lead to significant savings over the life of the loan.
A Small Business Administration (SBA) loan is a government-backed loan that helps small businesses get funding.
Advantages of an SBA Loan
- Accessible for Small Businesses
- SBA loans are designed to support small businesses that might not qualify for traditional bank financing. With government guarantees, lenders and banks are more willing to approve loans for startups or businesses with limited business credit history.
- Flexible Repayment Terms
- SBA loans offer long repayment periods (up to 25 years for real estate, 10 years for working capital). This help reduce monthly payments and improves cash flow for small businesses.
- Low Interest Rates
- SBA loans typically have lower interest rates compared to traditional business loans. Rates are backed by the government, making them more affordable over time.
Unlike traditional loans with fixed monthly payments, credit lines offer more flexible repayment terms. For businesses with low working capital or fluctuating financial needs, credit lines are often a better option than loans.
Advantages of a Business Line of Credit
- Flexible Access to Funds
- You can withdraw only the amount you need, when you need it, up to your credit limit. You pay interest only on the amount used, not the entire credit limit.
- Helps Manage Cash Flow
- A line of credit is ideal for handling seasonal fluctuations, unexpected expenses, or short-term working capital needs. It provides a safety net for emergencies or gaps in revenue.
- Revolving Credit Structure
- Once you repay what you’ve borrowed, the funds become available again without needing to reapply. This ongoing access makes it easier to manage recurring expenses or projects over time.
Equipment financing is a loan or lease that helps businesses buy equipment, vehicles, and other assets.
Advantages of a Equipment Financing
- Preserves Cash Flow
- Equipment financing allows businesses to acquire necessary equipment without making a large upfront payment. This spreads the cost over manageable monthly payments, keeping cash available for other expenses.
- Access to Essential Equipment
- Enables businesses to obtain equipment they might not have otherwise afford, such as machinery, vehicles, or technology
- Tax Benefits
- In many cases, equipment financing may allow businesses to deduct depreciation and interest expenses on their taxes. Always consult your accountant and ask them about section 179 of the Tax Code.
Accounts receivable (AR) invoice factoring, also known as invoice factoring, is a way for businesses to get cash from unpaid invoices. It’s a short-term financing option that can help businesses with cash flow problems.
Advantages of AR Invoice Financing
- Easier Qualifications
- Approval is primarily based on the credit worthiness of your customers, not your business’s credit score. This is ideal for businesses with limited credit history or those unable to secure traditional financing due to a lower FICO score.
- Improves Cash Flow Quickly
- Invoice factoring provides immediate access to cash tied up in unpaid invoices. It helps businesses cover payroll, inventory, or other operational expenses without waiting for customers to pay.
- No New Debt
- Since factoring involves selling your receivables, it doesn’t add to your liabilities or create debt. This allows for more flexible financing without impacting your balance sheet negatively, making it a valuable options for businesses with outstanding receivables.
Purchase order (PO) financing is a type of funding that helps businesses pay their suppliers so they can fulfill large orders from customers.
Advantages of Purchase Order Financing
- Helps Fulfill Lare or New Orders
- Enables small businesses to take advantage of growth opportunities by fulfilling order they might otherwise have to decline due to a lack of funds. This builds credibility and strengthens relationships with customers and suppliers.
- No Collateral or Credit Requirements
- Approval is based on the strength of the purchase order and the credit worthiness of your customer, not your business credit or collateral. This is ideal for businesses with limited credit history or those unable to secure traditional lines. This can provide for up to 100% of the cost of the purchase order.
- Improves Cash Flow Without Upfront Capital
- PO financing covers the cost of fulfilling large customer orders, including supplier payments. This frees up your working capital, ensuring you can take on bigger orders without financial strain. Available from 100k to 20MM, finished goods or Work In Progress transactions.
Short-term working capital is the money a business needs to cover its immediate, day-to-day operating expenses.
Advantages of Short Term Working Capital
- Quick Access to Funds
- Short-term loans are typically approved and funded faster than traditional loans, with approvals made in as little as 1-3 hours, and funding possible in the same day or within 24-48 hours. This is perfect for addressing urgent financial needs like covering payroll, inventory, marketing, or unexpected expenses.
- Payments Based on Sales
- Repayments are made as a percentage of each sale, allowing your business to adjust payments based on cash flow. This ensures that repayment doesn’t become a burden when business is slow.
- Flexible Usage
- This type of financing grows with your business, allowing you to access additional funds as your business expands. Unlike some loans, there are usually fewer restrictions are how the money is spent.
A startup credit line is a flexible funding option designed to help new businesses manage their finances, especially during the early stages when revenue may be unpredictable. It works similarly to a credit card, providing a pre-approved amount of funds that the startup can draw upon as needed.
Advantages of Start Up Credit
- No Time in Business Requirements
- Your business doesn’t have to meet the traditional 2 years of time in business to get access to working capital. This quick barrier to entry allows for most businesses to apply for and receive a credit line.
- Co-signer Friendly
- If your credit history is limiting you from obtaining financing, using a cosigner may qualify you for a lower interest rate and better repayment terms than you would on your own. This can save money over the life of the credit line and reduce monthly financial strain.
- Helps Build Your Business Credit
- Successfully repaying the loan can help improve your businesses credit score over time. This positions your business to secure future loan independently.
