Business Loans for Major Purchases and Expansion

by John Stevenson on July 11, 2014

Business loans are offered to start-ups, entrepreneurs, corporations, and new and small businesses. Borrowers can choose from different financial solutions such as commercial and business term loans, cash flow finance, business loans and lines of credit, and others.

Types of Financing

There are different financing options, including angel investors, small business loans, equipment leasing and financing, and others. Banks also offer professional, franchise start-up, and commercial real estate loans. Basically, financing falls in two main categories, secured and unsecured. Secured loans require some form of collateral such as real estate holdings, machinery and equipment, interest earning deposits, inventory, fixtures, and others. Unsecured loans are offered to regular and creditworthy customers because collateral is not required. In addition to these types, there are other forms of financing such as secured working capital, long-term, government micro-loan programs, and business acquisition loans. Traditional lenders such as brick-and-mortar banks usually offer debt financing. Long-term loans are also offered to finance the purchase of real estate, rental estate, equipment, industrial plants, and facilities. Lenders offer financing for purchases, improvements, and business expansions. Micro-loans are another option for small businesses, and they are usually offered by non-for-profit organizations. The money can be used for the purchase of machinery and equipment, furniture, supplies, and so on. Some financial institutions also offer professional loans to doctors, CPAs, lawyers, and other professionals. Short-term loans are another option if you need cash for purchases, inventory, or accounts payable. In addition, there are small business loans under different government programs that come with attractive interest rates.

Requirements and Criteria

Financial institutions run a credit check and require that all applicants submit supporting documentation. Business owners must submit documents such as financial statements, bank statements, business plans, resumes, and income tax returns. Most financial institutions require that borrowers present their personal and business financial statements, along with their cash flow projections and income statements. Your lender will look at your financial statements, including your tax returns, payments and outstanding balances, liabilities, and assets. Banks are also interested in your business profile – length of time in business, history, number of employees, sales volume, etc. In addition, you must submit a loan request that describes the type of loan, amount, purpose, preferred payment options, and so on. The loan request letter usually includes two sections: executive summary and a financial objectives section. You may want to explain whether you will use the funds for business expansion, product development, or your current near term expenses.

Other Types of Loans and Alternatives

Business owners are also offered credit cards, lines of credit, equipment financing, equipment sale-lease backs, and other financing solutions. There are different options to consider, including residential equity lines, construction financing, as well as business acquisition loans. Some companies also use business only and hard money equity loans, but the latter are more difficult to obtain.

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The new section by presents important credit card details to simplify comparison shopping and decision making.

(PRWEB) June 09, 2014 announces the publication of a credit card section ( that presents an overview of the features of the rewards credit card offered by HBC. The goal is to help visitors make an informed choice based on their spending and borrowing habits, money personality, and lifestyle.

The new section was created by the web and content development team at to help customers choose a product that best fits into their lifestyle and meets their needs. With so many offers and types of credit cards, many customers feel overwhelmed and cannot tell the difference between promotional junk and attractive credit card deals.

“The credit card section offers detailed information to help visitors choose a card for their payment profile and to enhance their shopping experience. The financial personality of consumers is also a factor that plays a role and should be taken into account when choosing a credit card. Some people are safety players while others are money masters,” said John Williams, marketing consultant at

The choice of credit card depends on many factors, including spending and income level, shopping style, and lifestyle preferences. Some people prefer to shop online while others shop at the local supermarket or convenience store. Some consumers use loyalty cards while others love comparison shopping and regularly check for discounts. Whether a consumer is a high street pounder or a bargain hunter matters when choosing a credit card. To this, being familiar with details such as interest rates, discounts and offers, and grace periods makes it even easier to choose a product that matches one’s financial personality. The new credit card section by features important details, including uses, discount offers, pros and cons, transaction and over limit fees, and a lot more. The goal is to save visitors long hours of research and help them make an informed choice based on their spending profile.

About is a Canadian credit card directory offering information on the major banks and credit cards in Canada, along with many useful credit card related articles and guides.

For the original version on PRWeb visit:

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Do You Need a Loan to Go on Vacation?

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Consumers apply for personal loans to meet large and unexpected expenses, pay gas, electricity, and other bills, and consolidate debt. A personal loan helps borrowers to consolidate high-interest debts and makes payments affordable.  Travel and Vacationing A holiday loan is used to meet travel expenses and often comes with a term of 1 to 7 […]

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