Individual & Business Financing Solutions in Coral Springs, Florida
- SHORT TERM & MEDIUM TERM FINANCING
- ASSET-BASED FINANCING
- UNSECURED WORKING CAPITAL
- LINE OF CREDIT
- SBA LOANS
- INVOICE FINANCING
- EQUIPMENT FINANCING
Definitive Services provides a number of financing options to help you start or scale your company. We provide easy access to a number of financing options and work with you to find the best solutions. Let us help connect you to loan providers that work for you.
Many businesses need a little extra money from time to time to handle a temporary, short-term need. In such a situation, business owners often don’t want to be paying off a loan for years after the need for this loan has been resolved. Short-term and medium-term loans offer business owners a way to get the funding they need without having to deal with lengthy loan applications and long repayment terms. Definitive Services offers direct access to a number of loan providers for this very requirement.
Apply for a short term business loan now and get quick responses from our loan providers to help your business run smoothly.
Your business is fairing well, sales are excellent and growth is at an exceptional rate. Yet you need extra money to handle the expenses that come along with that kind of growth. If your business has things like outstanding invoices or a stockroom full of inventory, you may be able to get the funding you need through asset-based lending. Usually, asset-based lending involves a business’s equipment or outstanding invoices and in some cases, it can also include real estate. Asset-based lending is frequently used by companies going through a period of rapid growth and need extra funding to keep up with that growth.
If you need asset-based financing to help your company cope with its growing pains, let Definitive Services help you find the best loan provider.
Many types of business loans require an asset to be used as collateral to secure the loan. But many businesses don’t have the types of assets lenders look for and the business owner might not be comfortable with using personal assets. Unsecured loans are therefore a type of business loan that does not require the borrower to put up an asset to be used as collateral.
Unexpected expenses can happen to anyone and to make sure they’re ready to handle any unpredictable expenses that might come up, business owners sometimes like to have a business line of credit available to them. Unlike a loan, which can only be borrowed against once, a line of credit is borrowed against multiple times and its interest is paid only when used.
It’s usually the case that small businesses often struggle to get business loans from banks. In order to deal with this shortcoming, the Small Business Administration (SBA) partners with lenders to partially guarantee loans to small businesses. There are various types of SBA loans, including 7(a) loans, which has various applications and CDC/504 loans for major purchases like real estate and disaster loans.
Invoice financing is a loan where your outstanding invoices are simply used as collateral for a loan, but lenders who offer invoice financing typically don’t loan the full amount of the invoices. They loan a large percentage of their value, thereby helping business owners get enough money to keep their business running until customers pay their bills, and you repay the financing company according to your agreed-upon schedule until the amount of the loan has been paid off, plus any applicable fees.
All businesses need equipment, whether furniture, computers or specialized equipment like machinery and tools. It’s true that many general business loans can be used for equipment, but some loans are precisely intended to be used for purchasing equipment.