If you are looking for a small business loan in California you have come to the right place. SmallBusinessFinancing.com offers a wide range of small business loan products. Below you will find a brief description of some of our small business financing options, however, if you aren't sure which one is the best for your business, give us a call and one of our small business financing experts will be happy to help.
Unsecured Small Business Loans
Unsecured loans are loans which are not secured by an asset or assets. If you, as the small business owner, were to default on this type of loan the only recourse the bank would have would be to report the default on your credit - which would negatively impact your credit score. It is important to note that some unsecured small business loans may require that you pledge your personal credit in addition to the business credit - this is especially true in the case of start-up businesses, or businesses without credit history.
401(k) Small Business Financing
Our 401(k) small business investing solution allows you to invest up to 100% of your retirement funds into a small business or franchise - without taking a taxable distribution. This is not actually a loan since you do not have to pay it back, this is an investment - your 401(k) will purchase the stock your business. Think of it like you are buying Microsoft or Apple stock, same principal, only this stock is not publicly traded.
These are loans backed by the Small Business Administration (SBA). The SBA doesn't actually make the loans, though, the loans are made from Banks and other lending institutions, and guaranteed by the SBA. If the borrower defaults on the loan, the SBA will make a portion of the loan good, so offers less risk to the lender than a regular business loan.
Equipment leases are essentially loans secured by equipment. If your business has or needs expensive items like copiers, exercise equipment, cubicles and so on, an equipment lease might provide you with the cash you need - or keep your valuable cash in your pocket.
If you need money for your small business, let SmallBusinessFinancing.com help. We have helped thousands of California small business owners get financing for their businesses, and we are ready to help you too.
Call us at 888.472.4455 - our small business financing experts are standing by!