Business Loan Alternatives

By Marco Terry

After weeks of answering questions, providing endless financial statements and playing the “hurry up and wait” game you find out that your banker is unwilling to give you a business loan.

Now what? Do you go to another bank and try again? Possibly. But most banks have similar lending criteria. If you did not qualify for a loan at one bank, your chances are not good that you will qualify for a loan at another place. Though it doesn’t hurt to try.

However, there are other financing products that are easy to obtain – and in some instances – work better than a business loan. Here is a very simple quiz:

Does your business:

1. Have commercial customers?

2. Invoice at least $10,000 a month?

Is your biggest challenge:

1. Waiting up to 60 days to get paid by clients?

2. Paying suppliers?

3. Meeting payroll?

If this describes you, then you could be a good candidate for either factoring or purchase order financing. As opposed to bank loans, these two financial alternatives are easy to qualify for. The biggest requirement is that you do business with strong commercial customers, such as big companies or the government.

Factoring is ideal for business owners that cannot afford to wait up to 60 days to get paid for their invoices. Factoring provides you invoice based financing, giving you the money you need to pay rent, suppliers and meet payroll. As opposed to bank loans, factoring has no upper limits. The amount of money you get is based on your invoicing. The more you invoice, the more financing you qualify for.

Purchase order financing is ideal for distributors, wholesalers and re-sellers that have large purchase orders that they cannot afford to fulfill. Under a purchase order financing arrangement, the financing company pays your suppliers on your behalf and helps ensure proper shipping of the goods. The transaction is settled once you invoice your customer and they pay.

Both factoring and purchase order financing can provide you with the financing you need to take your business to the next level.

About Commercial Capital LLC We can provide you with business loan alternatives. For a free factoring, invoice factoring or purchase order financing quote, call (866) 730 1922

Article Source: http://EzineArticles.com/?expert=Marco_Terry

Recommended Loan Resources:

Guaranteed Bad Credit Financing - YoureApproved.org has been created to help those who have bad credit find the credit they deserve. Personal loans, business loans, credit cards and mortgages are all within your reach no matter how bad your credit situation is - even with bankruptcy!

Credit Axis - A one-stop resources for Bad Credit Loans, Credit Repair, Filing Bankruptcy, Government Grants, and Government Auctions. They are committed to helping you to get your credit back on track, OR get loans or cash that you need.

Access Loan & Credit Data program - Design to help anyone - even those with bad credit to get up to $15,000 loan within 30 days! With money back guarantee if you cannot get your loan.

Debt Free In 3 - Thousands use this secret to gain 100% debt freedom and live the “good life.” You can too! In fact, this secret practically guarantees you will become debt free in as little as 3-5 years no matter your income. Best part: You can start shrinking your debt for FREE if you choose to!

Ultimate Debt Guide - Reveal How You Can Get Out Of Debt FAST Without Filing Bankruptcy -- Using Several Little Known But Highly Effective Techniques Which Are Guaranteed To Work No Matter How Much You Currently Owe!

Collection Agency Self-defense - A former debt collector reveals his idiot-proof, down-to-earth and easy to read system that stops debt collectors from harassing you - even without a lawyer or bankruptcy! Include topics on how to negotiate with your creditors for the best repayment plans.