Small Business Loans by Tom Markel
iBank.com small business loans come in many categories, therefore it is important a business owner know exactly what type of loan is best suited to meet his or her specific needs. Whether you are a small business owner looking to grow to the next level, a start up entrepreneur, or a large business looking to expand, the Business Loan Center at ibank.com has the type of business loans and lenders to assist your business in finding financial resources.
At iBank.com, the well established business may look for an unsecured Business Line Of Credit or Working Capital Loans, based on the good credit of the borrower. Accounts Receivable Financing and equipment may also be used as collateral to acquire a business equipment loan. A business may also sell their equipment to a lender for cash, then lease back from the lender to acquire fast cash. There are loans available for real estate, construction and business acquisition. Inventory Lines of Credit up to $200,000 are based on credit rating and inventory. Ibank.com can connect to Merchant Account Cash Advance lenders for an advance of up to $50,000 against monthly merchant credit receipts. There are also professional loans available for doctors, lawyers, etc. A small businesswithout good established credit will need collateral and viable debt service to qualify for most conventional loans.
Small businesses not established for three years or businesses with less than perfect credit, and entrepreneurs just starting a business, who do not qualify for conventional loans, may seek financing through the Ibank.com United States Small Business Administration (SBA) government guaranteed loan program lenders. These loans are funded by a direct lender partner of the SBA with government guarantees of loans. The government does NOT fund loans. A borrower must qualify under SBA guidelines and the criteria set by each individual lender. IBank.com can provide many SBA lenders to the borrower. A Government guarantee business loan makes a not so perfect business loan palatable to a lender. There are several different SBA loan programs ranging from the umbrella of the (7a) business loan program to the giant (504) business real estate loan program with up to 90% Loan to Value. For more on SBA government guaranteed loans, please visit the SBA Loan page.