Getting the funding your business needs can be a big deal. One size doesn't always fit all. At Layton Beck, we understand how important it is to find the capital you need, so we work to find creative solutions and the perfect lending products tailored to your individual circumstances.
A term loan from a bank or commercial lending institution that the Small Business Administration guarantees up to 80%. This reduces risk and enables easier access to working capital at comparable terms. The most popular is the 7(a) but there are five other programs to meet the need of every business.
Merchant Cash Advance
MCA as the program is referred to, is a short-term program useful in managing cash flow. MCA’s are a great resource to develop and grow your business. They require little to no credit and the funding process can be as quick as 24 hours. MCA’s are structured as a lump sum payment to a business, paid back by regular payments, usually daily but weekly payments are available for those who qualify.
A short-term loan, typically 2 weeks to 2 years, used to provide capital while a long-term or permanent solution is put into place. A Bridge loan will allow you to meet current obligations by providing immediate cash flow. Also known as interim financing, gap financing, or swing loans, bridge loans bridge the gap during times when financing is needed but not yet available.
Line of Credit
Essentially a reusable loan you can borrow up to a certain limit, make minimum payments, pay interest, pay off your balance and borrow again as long as the line stays open. Interest is charged on the amount withdrawn from the approved limit. You can use your LOC for any business need; spend the money for whatever you want, in whatever small or large sums you wish, as long as you don’t exceed the approved line of credit.
An easy way to purchase the business equipment, vehicles, and electronics your business requires to operate. Equipment financing will let you finance up to 100% of the cost of new or used equipment. In most cases, the equipment itself acts as collateral for the loan. Your business makes payments towards what you borrow over time and once the debt is repaid, you own the equipment free and clear. Most small business equipment loans are made at fixed interest rate with set term lengths, so you can expect the same payment each and every month.
Accounts receivable / Purchase Order factoring provides immediate working capital to cover gaps caused by slow paying customers. Factoring will help to meet present and immediate cash needs versus waiting for payment based on original contract terms. Designed to provide ongoing, monthly, positive cash flow which can be vital for the short-term and long-term success of a business You keep your business identity and your most loyal customers on longer terms.
Real Estate Loans
Residential, Commercial mortgages, Re-financing, Construction Loans or new purchases, we have several options to put you into the home of your dreams or build your real estate portfolio. Programs vary from interest only programs, usually a 12-month term, re-financing existing mortgages, pulling equity from your property for working capital and all in between.
Consolidation is taking out a new loan to pay off your existing business loans and debt and have one, usually lower, payment. By taking out a business debt consolidation loan, you're moving many different debts into one streamlined monthly payment. Business debt consolidation programs are fixed-rate, generally unsecured loans that allow you to pay off multiple debt more easily.