Source1 Capital represents lenders who are eager to make business loans to owners like you. Our largest lender is the nation's leading not-for profit provider of SBA (Small Business Administration Loans).
Our focus is making a positive community impact by lending to businesses located in low and moderate income neighborhoods and businesses that are owned by minorities or disadvantaged individuals and will create employment opportunities with the loan proceeds.Our team of seasoned professionals are experienced in all types and phases of business lending and commercial finance and banking.
Our focus is making a positive community impact by lending to businesses located in low and moderate income neighborhoods and businesses that are owned by minorities or disadvantaged individuals and will create employment opportunities with the loan proceeds.Our team of seasoned professionals are experienced in all types and phases of business lending and commercial finance and banking.
Services
The SBA 7(a) Loan Program is what most business owners envision when they think of an SBA loan. This type of loan is used by individuals looking to acquire or open a small business or to finance their existing business. Business plans are critical for startup businesses. The U.S. Small Business Administration program encourages a business plan as part of the application process, and we can assist you in writing one.
With an SBA guaranteed loan you can enjoy 25 year full term payouts and not be distracted by a need to seek refinancing every few years. The lower payments of a 25 year loan improve cash flow and leave more cash available for the daily needs of your business. Why is it that a commercial bank offers 15 year financing (often with a 7 year balloon payment) for an asset with a 40 year or more useful life?
To properly underwrite a franchise loan, we must also consider the financial health of the franchisor. This is often done with a document available to lenders from the Franchise Registry known as a Bank Credit Report or BCR. Not all franchisors have created or submitted this document. Contact us to determine if such an analysis is available.
This was a common condition for many companies that exited the last economic downturn. Their first concern was re-establishing profits and positive cash flow but many were left with a poorly structured balance sheet and needed to re-address their financial condition. Our financial specialists and lending sources can help you restructure and position for growth and competition.
Your equipment often has a useful life of 10 years or more so why finance for 3 or 5 or 7 years. With an SBA guaranteed loan, terms are customarily 10 years and may even be longer if the equipment is extremely durable. Leasing is always a viable option but eventually you will pay the full price and financing rates that may be higher than you expected.
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