As banks continue to make it difficult for small businesses to borrow money, SMB Compass continues to provide cost-effective and flexible solutions.
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As banks continue to make it difficult for small businesses to borrow money, SMB Compass continues to provide cost-effective and flexible solutions.
SMB Compass is a professional business financing company focused on providing financing and education to small businesses across the United States. We are home to some of the country's most trusted industry experts to assist you with more than one solution to your financing needs.
We provide guidance and give you all the answers you need on how to get a business loan. Some of the industries we work with include:
Business Line of Credit
A business line of credit is a flexible financing option used by small business owners as a solution for working capital needs. Business lines of credit provide small businesses with the option to draw from their line of credit when they need to use capital, without having to pay interest until the money is actually borrowed.
Equipment Financing
Equipment financing allows small business owners flexibility by extending the business loan payment terms for large equipment purchases. Instead of paying one large sum at the point of sale, equipment financing gives owners the option to make payments over time while their business can utilize the equipment.
Purchase Order Financing
Purchase order financing, also known as PO financing, is a funding solution for businesses that lack the working capital to fulfill purchase orders. In turn, lending companies give business owners the capital they need to pay suppliers and vendors.
Asset-Based Loans
Asset-based lending is a financing solution that uses your company's assets as collateral to secure the loan. These assets determine the value of your loan rather than the typical cash flow and credit.
Inventory Financing
Inventory financing is asset-based lending that relies solely on the inventory that a business can offer, including current and future inventory, as collateral to secure a loan for inventory purchasing. With asset-based lending programs, companies can utilize other assets and inventory or just use standalone inventory to ensure financing.
Business Term Loans
A business term loan is a type of traditional business loan where the borrowing business repays a commercial loan over a period of time specified in the term agreements. Usually, repayment periods for business term loans can range from a few months to as long as ten or more years, depending on the stability and structure of the borrowing business, their credit strength, and their borrowing or expense needs.
Invoice Financing
Inventory financing is asset-based lending that relies solely on the inventory that a business can offer, including current and future inventory, as collateral to secure a loan for inventory purchasing. With asset-based lending programs, companies can utilize other assets and inventory or just use standalone inventory to ensure financing.
Bridge Loans
A bridge loan is a short-term loan designed to solve short-term cash flow problems, such as immediate financing needs, bridging cash flow gaps. These unexpected circumstances require additional or unplanned funding or new business opportunities to capitalize on.
SBA Loans
The Small Business Administration (SBA) created various SBA loan programs to entice banks and private lenders to provide small business loans to US-based companies. The most popular SBA programs are SBA 7(a) Loan, SBA 504 Loan, SBA Disaster Loan, SBA Express Loan, SBA Microloan Program.
Because the government guarantees the loans, lenders can offer these programs to small business owners with more flexible terms and lower interest rates than traditional business loans and lenders. Our team can help ensure the success of your SBA loan application.
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