Which Loan Option Is Best for My Business?

Congratulations! You’re the 1,000,000th person to ask about loan options!

Um…

What prize do you get, you ask? You, my friend, get an answer!

Thanks?

Anytime.

…well?

Right. The answer. It depends.

Ugh!

Sorry. The issue here is that the answer depends on your unique business. See, most people assume that their business needs an SBA loan or line of credit. But while those options look attractive, they’re definitely not a one-size-fits-all solution to your business funding needs.

I don’t know. Those were the options I was considering…

And that doesn’t surprise us at all. It’s possible that what you need is one of those loans, but keep in mind that those loans only make up a small portion of the loan products we offer, and for good reason. Each of our loan products is specialized to help fund your business efficiently.

 

For example, if you plan to use a line of credit to purchase a vehicle for your company, you may not be approved because of a number of factors. However, if you instead apply for an equipment loan for the vehicle you plan to purchase, you’re far more likely to find lenders who will approve you.

What if I plan to do more than just buy a vehicle with my loan though?

You wouldn’t be the first. We’re prepared. We will often offer several loans, each serving a different purpose. By doing this, we’re able to help you get all the funding you need while still offering you as many options as possible.

Oh, sounds good. But how do I choose between those options?

You’ll have a personal funding manager who will make sure you get the best options available to you. Once you’ve been approved by one or more lenders, your funding manager will walk you through each of your options and help you decide which choice is best for your business.

Wow. Is there anything you can’t do?

It’s not likely. We don’t like to brag, but we’re basically superheroes.