Empower Your Business with Flexible Term Loans
Secure the Funds You Need with Accessible and Fast Term Loans
At BH Capital Funding, we recognize that securing the right financing is crucial for the growth and stability of your business. Traditional bank loans can be difficult to obtain and come with stringent requirements. Our alternative term loans offer a flexible and accessible solution, providing you with the necessary funds to expand your operations, manage cash flow, or invest in new opportunities.
What is a Term Loan?
A term loan is a type of business financing where you receive a lump sum of money upfront, which you repay with interest over a predetermined period. This can be a fixed-term (e.g., 1 to 5 years) with set monthly payments, allowing you to plan and manage your finances effectively.
Benefits of Alternative Term Loans:
Quick Approval and Funding: Receive funds faster than traditional bank loans, enabling you to seize business opportunities without delay.
Flexible Terms: Tailored repayment schedules to match your cash flow, helping you manage repayments more comfortably.
Easier Qualification: More lenient approval criteria, making it accessible to businesses with less-than-perfect credit scores or limited collateral.
Diverse Use of Funds: Utilize the loan for various business needs, including expansion, equipment purchase, working capital, and more.
How It Works:
Application: Complete a simple online application form, providing basic information about your business and financial needs.
Approval: Our team will review your application promptly, assessing factors like your credit score, business revenue, and financial health.
Funding: Once approved, you receive the lump sum directly into your business account, typically within a few days.
Repayment: Repay the loan in fixed installments over the agreed term, making budgeting straightforward and predictable.
Qualification Criteria:
Time in Business: Minimum of 6 months in operation.
Revenue Requirements: Consistent monthly revenue, often with a minimum of $15,000.
Credit Score: Flexible, typically starting at 500+, depending on the lender.
Documentation: Recent bank statements, business tax returns, and a detailed business plan
Leveraging Term Loans for Business Growth:
Expansion: Use the funds to open new locations, hire additional staff, or invest in marketing campaigns to drive growth.
Equipment Purchase: Finance the acquisition of essential equipment or technology, improving efficiency and productivity.
Working Capital: Maintain smooth operations during slow seasons or cover unexpected expenses without disrupting your business.
Debt Refinancing: Consolidate higher-interest debts into a single, manageable term loan, reducing overall interest costs and simplifying payments.
Real-Life Examples:
Example 1: Retail Store Expansion Company: Fashion Forward Boutique
Fashion Forward Boutique wanted to open a second location to capitalize on growing customer demand. Traditional bank loans were not an option due to stringent requirements. BH Capital Funding provided a $100,000 term loan with a quick approval process. This enabled the boutique to lease a new space, hire staff, and stock inventory, leading to a significant increase in sales and market presence.
Example 2: Equipment Financing Company: Precision Manufacturing Inc.
Precision Manufacturing needed to upgrade its machinery to meet increasing production demands. With an alternative term loan of $200,000, the company purchased state-of-the-art equipment, enhancing their production capacity and efficiency. This investment resulted in higher output and the ability to take on larger contracts, driving revenue growth.
Get Started with Your Term Loan Today
Unlock the potential of your business with a flexible term loan from BH Capital Funding. Contact us to discuss your financing needs and discover how our tailored solutions can support your business goals.