Types of Business Loans
Sunwise Capital offers a unique suite of business loans to over 700 industries. We have the expertise to meet your business needs. We can deliver approvals to you from $10,000 to $2M in one business day.
Same Day Approvals
Next Day Funding for Amounts up to $250,000!
Next Day Funding for Amounts up to $250,000!
Let’s say you need additional funds for expansion, or maybe for better equipment. Maybe you need to refinance loans with higher interest rates. If you don’t have the working capital on hand then you need to apply for easy loans. We understand how from read more…
Working with small business owners to find capital used to be pretty easy. Prior to the turn of the century, all a business owner needed to do was go to his or her local bank. It was literally read more…
Get ready for a whole new experience. No more complication. No more three years of business and personal tax returns. Nothing requiring piles of paperwork. Fast, easy and very simple. Just the way it should be. Online loans with 24 hour approvals and if read more…
Are you looking for working capital loans to fuel your business’ performance and explode its growth and increase profits? Sunwise Capital can help read more…
Working Capital Loan vs. Line of Credit
With so many lending options available, how do you know which is right for you? Let’s take a closer look at a working capital loan vs. a line of credit.
Working Capital Loan (Term Loan)
Term loans provide a set amount of funds that are to be paid back in full, usually over a period of 6 to 24 months. This type of loan is great for long-term needs like hiring staff and purchasing equipment to keep your company operating during times when it brings in less consistent or insufficient revenue. Often, the amount borrowed is the expected cost of operating for 6 to 12 months. Existing businesses may use this type of loan for big projects, like expansions or renovations.
Line of Credit
A line of credit is similar to a credit card in that there is a maximum amount you are allowed to borrow, but you only use it as needed. Limits are lower than term loans and you will usually pay interest-only payments until the credit period closes. This is a great option for fulfilling short term needs like hiring seasonal staff or adding to your inventory and paying off the line of credit when the items sell.
Sunwise Capital – Where to Get Loans
The best place to learn how to get unsecured business loans is right here. A business term loan is an essential factor for the growth of any business. So, let Sunwise Capital help you secure business capital loans with an affordable loan payment and competitive rates to bring your expansion plans to reality. Our funding will enable us always to put you first.
Whether you need your loan to meet:
- Operational expenses
- Consolidate debt
- Healthcare Practice
- Increase inventory
- Disaster Loan
- Replace equipment
- Invoice financing
- Pay taxes or for
- Expansion plans
- Real Estate (small business administration sba)
Sunwise Capital certainly help you get to the next level. We provide a wide variety of business loans:
- Subprime loans
- No collateral loans
- Short Term Loans
- Loans for Women
Sunwise Capital provide funds to your business.
- We can offer up to $2M
- Our terms are between one to five years
- Depending on your qualifications we can offer daily, weekly or monthly payment plans
- Good credit loans
- Bad credit loans
- Rates starting as low as 5.49%
- Flexible loans with daily, weekly and monthly repayment
Whatever your business plans, Sunwise Capital’s unique small business loans packages can help you reach your goals. We will work with you through the whole process to make sure you understand all your options and help you to choose where to apply for a small business loan. Our lending programs offer competitive rates, convenient loan terms and loan amounts that will fit every budget.
Business Capital Loans to Help Your Business Grow
Are you looking for business capital to keep your small business plugging along?
Whether you need money or a cash infusion to expand, equipment financing, to hire more employees, to invest in new technology or for any reason imaginable, capital loans from Sunwise Capital are the convenient, easy solution.
Unlike banks and other traditional lenders, our goal is to put cash in your hands quickly without tying you up in red tape.
We Make Getting Working Capital Loans Easy
You’re probably already familiar, as a small business owner, with the rigmarole that is involved in raising money from a bank or other traditional lender. The process typically involves filling out an application that’s as thick as a telephone book, and it takes forever too.
Why put yourself through that when Sunwise Capital can get you the cash that you need in no time flat?
The optimal solution for cash-strapped small businesses
Sunwise Capital has earned a reputation for helping small businesses thrive. Seventy-seven percent of our clients re-borrow two to three times per year because it’s just that easy and convenient. Our loans for business help with managing cash flow.
The process couldn’t be simpler. Fill out and submit a one-page application, provide business bank statements from the last three months, and we’ll take it from there!
Quick, simple and a cut above the rest
Working capital small business loans from Sunwise Capital take the uncertainty out of obtaining cash for your small business. Our process is straightforward and transparent. Approvals are within a single day, and loans funded the following business day. In as little as 48 hours, then, you can get a small business loan for anywhere from $10,000 to $2 million–and that’s true across all 50 states.
Spend the Money as You See Fit
One hurdle that’s involved in obtaining a traditional type of business loan from a bank or primary lender is that you usually must outline the use of funds.
Many times, banks and other financial institutions deny applications because they decide that the proposed business purpose doesn’t meet their standards. At Sunwise Capital our loan programs allow you to use the cash however you see fit.
There’s Nothing to Lose
At Sunwise Capital, we understand that you may be wary about applying for and potentially being turned down for a loan. How much time and money will you waste?
Unlike most lenders, we don’t charge any application fees. When we approve your loan, you’re under no obligation to take it. Therefore, feel free to apply to see what you qualify for–it costs nothing, and there’s absolutely no obligation to proceed.
Apply for Your Loan Now
Do you need money to pay your tax bill, kick-start that new marketing campaign, stock up on inventory or simply for working capital is just a few clicks away?
Our business capital loans are backed up by a $500 guarantee, and we offer the best customer service around. Apply today via our website, or give us a call for more information.
Business Finance Loans and What You Need to Know
Every economy benefits from all the activities at the grassroots level. Just like the ones created by small businesses and start-up companies.
In fact, small businesses are responsible for more than 50% of the new jobs in America. However small, it matters on a grander scale.
And as the economic activity rises, it is worth acknowledging every small business’ greater need for more significant business finance loans.
They need business investment options to fund their growth and expansion opportunities. It also helps with their operational plans, strategic developments, business improvements and other business necessities.
Business finance loans may come from different channels. These varieties of options come primarily from the two types of business finance loans: equity and debt.
Your business’ capital structure is the mix between the level of debt and equity you use. This mixture takes place after you incorporate, and you establish your capital requirements.
There is no rule dictating a standard or the perfect capital structure. It must to be calculated and must be enough to bring in the required return on capital (or ROI. Return on Investment).
How to finance a small business
Equity is a type of corporate finance (or commercial finance) and allows an increase in capital based on the amount contributed by the owners.
This kind of financing is expensive if you offer equity to non-operators of the company. It raises the risk of having external influences on the direction of the business and its management. Think “Shark Tank.”
Debt is a means of business finance that allows the addition of capital in the form of a small business loan or business finance loans.
These are from a bank, a credit union, a government lending institution, private lenders or other small business loan lenders.
Between these two options, debt is the most preferred by small businesses. It allows them to maintain their ownership and protect their business interest. The business loan lender takes no percentage of the equity in your business.
When the terms are over, so is your relationship with your bank or non-bank lender. At the same time, you’re able to build your business credit.
Most alternative lenders and nontraditional financial institutions will report your good payments to the business credit bureaus and not to the personal credit bureaus. Bank and more traditional lenders like credit card companies do just the opposite. The net effect is that you end up not building business credit with the banks and potentially harming the one thing you are trying to protect – your personal credit score.
Lastly, the interest you pay on the debt is tax-deductible. For this reason, alone, you’re hitting two birds with one stone. You get a capital inflow with small finance loans and a lowered income tax due.
How Business Finance Loans Work for Warren Buffet
A perfect example of how to use leverage or debt properly is Mr. Warren Buffett and his conglomerate, Berkshire Hathaway.
Most savvy investors know in 2012 that Mr. Buffet leveraged 60% of his business capital structure. This leveraging of the debt brought in a high return for the company. Many analysts say that without leverage (debt) Berkshire Hathaway wouldn’t be as successful as it is now. The key is to have sufficient cash flow for debt service coverage.
Business finance through debt can also be the catalyst for growth for your business. This increase can occur even if your FICO or personal credit score is less than perfect. Bad credit business finance will still work for you.
The next question is where to get the funding? In business finance, it matters where and how you raise the capital. This raising of money will bring either success or failure.
How appropriate is the business finance used? Using the right lender should not fall short in providing what you need for your company.
The bottom line
The basics of business finance boil down to making the right decision. You must decide on whether to take more or less of debt financing.
You can sacrifice a portion of your business by giving up equity. Or you can lose more from loan that has higher costs than you intended. The right lender makes this decision easy.
Sunwise Capital can provide the proper finances for your business. The right financing means fast and affordable business loans. Sunwise Capital has reasonable online business loans with excellent terms and rates.
Leveraging your business is possible and securing the right type of business loan can provide long-term benefits to your business that no other financing option can.
High Risk Factors
Think of it this way. If you compare a medical practice vs. medical marijuana is there any question as to which one is less risky?
Time in Business
Ask yourself if you think there is a huge difference between a business operating for 16 years successfully vs. a company in business for six months. We do too.
Health of Cash Flow
It’s not just the amount of revenue each month. It’s the health of the cash flow as well. Is it erratic or is it steadily growing? Is it up or down from last year?
Average Daily Bank Balance
Can you pay back the loan? What is your free cash at the end of every month – how about every day? How are you managing your finances?
We look at over 200 data-points when evaluating a loan applicant. These are just a few of the important factors that determine whether you are a high risk borrower. Other things we look at include:
- Current open financing
- Open UCC’s
- Issues related to your personal or business credit
- Problems with background check
- Any discrepancies or questions on your application. These differences include ownership, telephone numbers, addresses, etc.
- Use of funds. Be realistic is the best advice here.
- Is your business seasonal?
- Is your FICO score below 500?
- In business for less than six months?
- Low minimum deposits?
- High number of bounced checks in any one month
- Large number of negative days
- Bankruptcies (OK if discharged at least one year ago)
- Behind in business rent
- Behind in vendor payments
These are examples of a high risk business loan. This list is not extensive and does not include all the companies we will not fund:
- Adult Entertainment
- Bail Bonds
- Check Cashing/Money Wiring
- Debt Collection/Credit Repair
- Drug Paraphernalia
- Financial/Investment Firms
- Investment Firms
- Multi-level Marketing
- Publicly Traded Companies
Do you need a high risk business loan, however, you are concerned about rates and terms?
Here are some considerations. First, how much do you need and what will I do with the money? The next logical question you need to ask yourself is can I afford this loan? To answer that question, you need to know your ROI.
Let’s assume you know how much you need to borrow and you can afford to repay the loan based upon your ROI. Let me tell you where I think most business owners run afoul.
They apply for and get approved for the loan. The business owner then receives the offer sheet which includes the various terms. Once the owner receives the numbers, they freak out.
They rant and rave about the cost of the funds. They say in no uncertain terms there is no way they are taking out a loan with those Annual Percentage Rates (APR). Yadda, yadda yadda.
Here is the potential error in this thinking. The business owner is thinking very short term. They are reacting emotionally and not logically. Here is why this loan might be the best investment the company has ever made.
The first radical shift in thinking is that the most successful business owners we deal with do not see the loan as an expense. In fact, they see this as an investment.
Remember, when you borrow money, regardless of the rates and terms, the loan or principal amount, gets paid back no matter what. It doesn’t matter if these are SBA loans, merchant cash advances, or business lines of credit. So, the issue is the interest or fee.
This shift in thinking is where there is the separation between the truly successful companies and those that always seem to struggle.
The businesses that keep growing see this “expense” as an investment into their business. They recognize the “cost of the loan” is just a part of building the business perhaps no differently than adding a piece of equipment. They see the money as a “tool” of the business.
Plus, they recognize that they can write-off the interest. This tax write-off in effect lowers the cost of funds. In turn, it increases the real ROI.
Just like with a home mortgage write-off of the interest on the mortgage and the property taxes makes the house more “affordable,” relative to renting the house.
Next, they recognize the value of building or adding to their business credit. As a top online lender, Sunwise Capital provides business lending programs that do not report to your personal credit scores. More importantly, the owner sees the value of not providing a traditional personal guarantee. The business owner also likes the fact that there is no collateral or assets.
Do yourself a favor. Apply now. Find out the numbers. What is it going to cost you? We promise to make it so easy you will not need a loan calculator. Work with one of our trained professionals to walk you through the numbers in detail. Compare your options. See if the figures work. If so this could be a smart investment into your business.