Top equipment financing companies and services Denver, CO
Accounts receivable financing offers 2021? When you choose to lease the equipment necessary to run your business, you can take advantage of the following key benefits Low monthly repayment options; Elimination of old or malfunctioning equipment; Increase cash flow for other business aspects; Tax advantages for the business; Approval of application in one to five days. Types of Programs: There are three equipment leasing program options for your business to fall under. Each one is for different industries in order to meet specific needs. The details of each are as follows: Governmental program: This program works for government entities such as libraries, police stations, armed services, fire stations and even schools. Due to the nature of the business, Aspen Commercial Lending can guarantee approval for municipal and government bodies.
Whether you are starting a new business or needing cash to expand a business you already have, it is common to wonder how to qualify for a small business loan. While most new businesses start with $10,000 or less, some people don’t have that type of disposable income. The ideal solution is to get a small business loan. Unlike personal loans, these loans are riskier for the lender. Because of that, they have stricter eligibility requirements.
The first stop for anyone looking to finance a commercial property is generally a conventional mortgage from lenders like banks or credit unions. These loans work a bit differently from residential mortgages in that they usually have shorter term lengths. One of the advantages is that conventional mortgages, once secured, often have better interest rates than other types of financing. Additionally, you’ll need to qualify, meaning your company should have excellent credit, several years in business, and proof of income. Be prepared to put in at least a 10% down payment if you go this route. It’s also important to be aware that mortgage lenders typically base their loan on the value of the property, so you’ll have to get a professional assessment of your intended property done in order to lock in the best possible rates. See extra information at Equipment Financing Companies.
At Aspen Commercial Lending, we don’t want to tell you how to use your loan money, so we won’t. Whether you wish to finance commercial property, want to purchase an industrial building or plan to boost your equipment inventory, we’re simply happy to know we had a role in helping you grow your business. Two common uses for a small business loans are to finance industrial and commercial real estate and to purchase new equipment. Before approving a business for a small business loan, our lending team looks to a few different performance indicators. The two primary factors we will consider when you apply are your business’s cash flow and how well your business is managed. Once you apply, you may receive a prequalification in as little as 48 hours.
Aspen Commercial Lending is a globally recognized leader in the commercial finance industry for medium and large businesses. Our team of Commercial Finance Consultants’ combine years of industry experience with the best lending resources available to customize our clients financing needs. One of our financial experts on staff can answer your questions and help walk you through the application process. If you are not sure what product you need, our experts can help you determine that with a no-cost, no-obligation phone call. If your business needs commercial finance opportunities, Aspen Commercial Lending can help. Contact us today to learn more about our products and secure your company’s financial future. See extra info at here.