Business financing can do more than provide funding for operating expenses. The financing enables the business to boost sales and improve production and operation. And Wiseteam Consulting is the right funding partner to help business owners achieve these goals.
You’d probably need startup financing if you’re thinking about putting up a small business. If you want to expand your business, you’d need sufficient funds to achieve this goal.
Wiseteam Consulting is the perfect funding partner to help turn all of these business goals into a reality. Offering financing services such as term loans in Wyoming, the lending company and its team of
industry-leading consultants assist business owners by formulating the right financial solution package and help them get the funds they need at the soonest and most convenient time.
Wiseteam Consulting values its clients and their business relationship. To ensure that the businesses’ financial ambitions are achieved, the lending company offers the following services:
Merchant Cash Advances
The merchant cash advance (MCA) is an alternative to traditional business funding. Business owners receive a lump sum of cash upfront from the lending firm. The payment is taken from the percentage of future sales revenue. One of the fastest ways to obtain business financing, the primary purpose of an MCA is to boost the business’s cash flow to support its projects, business growth, and other developmental opportunities.
Business Line of Credit
A business line of credit (LOC) works similarly to a credit card. A pre-established amount of money is available for the business owner that is renewed each time the fund is used and after the business owner makes payment. Also known as a “revolving loan,” the LOC is typically availed for short-term business needs such as repairing or maintenance of equipment, budget for marketing and sales campaigns, and even as a bridge during those seasonal gaps where cash flow revenue is slow.
An equipment financing is what it is. It refers to a loan used to purchase or rent a business’s movable hard assets or equipment. The equipment is used for business operation and growth. It can come in various forms such as IT equipment, heavy machinery, transportation, or vehicles needed for logistics, air conditioning units, office furniture, computers, medical equipment, etc.
The equipment itself is used as collateral, so in case of loan payment default, the equipment gets repossessed. One of the advantages of availing an equipment financing is that it is designed for specific funding. Hence, the business’s working capital remains untouched and can be used for other business purposes.
Commercial Real Estate Financing
Commercial real estate financing is also designed for a specific loan like equipment financing. Commercial real estate loans are ideally used by businesses planning to purchase, develop, or construct new properties, including redeveloping or renovating existing ones. The real estate properties are secured by liens, in which full ownership is transferred to the business owner once the loan is fully paid or the debt is discharged.
Business Term Loan
A business term loan is traditional financing offered to business owners wherein they get a lump sum of loan spread out for repayment over several years. Term loans are generally favorable because of lower interest rates, usually fixed or flat rates, and the cash flow flexibility of allocating remaining cash for other business operating expenses.
A Small Business Administration (SBA) loan is financing that reduces some of the risks for lending agencies since the government partially guarantees the loan. The SBA loan program works with a network of financial institutions that helps lessen the risk in case of a payment default. So if a business owner fails to pay back an SBA loan, the lending firm knows that the SBA will cover the amount guaranteed. SBA loans also offer one of the lowest interest rates in the market.
Invoice factoring is a financing type that allows small business owners to sell their unpaid invoices to a third party or a factoring company. The factoring company pays the business owners a percentage of the total amount on the invoice, and they’re the ones who’ll take responsibility for collecting the payments from the buyers.
Invoice factoring is another flexible type of financing. It helps business owners save time chasing after customers’ payments, especially late payments.
Need help fixing your inaccurate business’s credit score? Wiseteam Consulting can work on your business’s behalf by removing negative information on the business’s credit report through consistent communication with credit bureaus such as Equifax, Experian, or TransUnion, and
other financial institutions like banks and debt collectors in a bid to dispute any financial errors.
Why choose Wiseteam Consulting?
The expert funding consultants at Wiseteam Consulting can help get your business loans approved in less than 24 hours compared to traditional banks. The process for loan application is a simple same-day assessment and pre-qualification. To start the pre-qualification, click the “Get Started” button to provide all the essential business information.
A funding consultant will reach out to the business owner within 24 hours to discuss the best funding solution available. Once approved and the business owner accepts the offer, funds get deposited directly into the indicated bank account.
Choose a lending partner that has your business’s best interest in mind. Work with one of the most trusted lending companies in the industry, and you’re guaranteed funding to help you achieve your business’s success. Contact Wiseteam Consulting at (720) 557-2140, email [email protected], or visit the website at www.wiseteamconsulting.com.