(866) 480-2611

Expanding Your Business? What Type of Loan is Right for You?


Acquiring funds for the expansion needs of your business can be difficult, especially if you are a small business with not much to show in terms of credit worthiness. If you have a bad credit score, banks would automatically turn you down, without even a second look. However, because of financing resources like AFN, obtaining financing for the expansion of your business has become simple and easy. If you’re wondering about what kind of loan you should go for, read on –

Term Loans – The first step in your expansion process involves acquiring capital for buying equipment or real estate. You can also look into renting real estate space for the growing needs of your business. Traditionally, a term loan comes with a set rate of interest, monthly installments, a time period and down payment. For buying equipment and leasing land, you would ideally require a minimum loan amount of $1,500,000. Usually, it could be more than that.

When you approach banks, you will have to go through a lot of paperwork for getting a loan of this kind and amount. However, the benefit of approaching resources like AFN is that the requirements are a lot less stringent and even with bad credit scores, you can get a loan. Your average monthly sales are taken as a basis for granting you a loan and documentation is relatively less, compared to traditional sources. You can get construction loans, real estate loans and property management loans with AFN. Equipment loans and equipment leasing loans are also available.

Lines of Credit – Line of credit is provided to you if you have enough collateral or credit. It fulfills immediate cash needs after and during expansion of your business. In fact, the entire US economy is practically driven by lines of credit. Again, traditional banks would not provide you lines of credit if your collateral is insufficient or if you do not have enough credit. At this time, AFN can be of immense help to you.

The Unsecured Line of Credit provided by AFN depends of the cash flows of your business. It provides full control over the release of funds and grants great flexibility to small scale expanding businesses. Your business would be treated as an individual case, different from other businesses and then, the terms would be set. There are no hidden charges or worries about having to pay late fees either. Less than adequate FICO scores are immaterial and immediate help can be provided.

Factoring Loans – Small businesses often find themselves in need of cash for various requirements like financing working capital and small term growth related expenses. The cash is provided after carefully assessing the state of the small business. It relies on the employment records and payroll, and gives a right to the lender on the business’ future receivables. Needless to say, if you have bad credit, it would be a tad difficult for you to get even this simple loan. Also, the paperwork would be immense if traditional routes are taken.

With AFN, you get Merchant Cash Advance. Merchant Cash Advance offers you a lump sum payment for your growth and expansion requirements, in exchange for a set percentage of your receipts in the future from Credit cards. For businesses that accept check or cash, a similar program is available as well.

Other types of loan that you can get are purchase order financing, trade finance, non-asset based lending and restaurant loans as well. If your business is a successful one and you fulfill the requirements of AFN, you might even get a loan within a week of application. Your other obligations do not matter and neither does your credit score.


Accounts Receivable
Bad Credit Business Loan 1
Bad Credit Business Loans
Bank Loan
Borrowing Money
Business Capital
Business Cash Advances
Business Debt
Business Equity
Business Financing Services
Business Leadership
Business Line of Credit
Business Loan
Business Loan Bad Credit
Business Loans
Buying Equipment
Cash Flow
Child Care
Construction Factoring
Credit Card Factoring
Credit Reports
Credit Utilization
Equipment Finance
Equipment Leasing
Equipment Purchase
Factoring Accounts Receivable
Flexible Factoring Options
Franchise Funding
Freight Factoring
General Finance
Green Business
Hardware Stores
Industry Specific Articles
Landscape Contracting
Late Fees
Medical Accounts Receivable
Medical Supply Providers
Merchant Advance
Merchant Cash Advance
Merchant Cash Advance Loans
Merchant Finance
Merchant Loan
Mobile Payment Solutions
New York Business Loan
Real Estate Management
SBA Loan
Small Business
Small Business Credit
Small Business Credit Line
Small Business Development Services
Small Business Finance
Small Business Financial Tips
Small Business Investors
Small Business Line of Credit
Small Business Loan
Small Business Loans
Small Business Marketing
Small Business Sales
Small Business Sales
Starting a Small Business
Startup Financing
Trucking and Transportation
Unsecured Business Lines of Credit
Unsecured Business Loans
Unsecured Business Loans for Bad Credit
Unsecured Credit Line for Small Businesses
Unsecured Financing
Unsecured Line of Credit
Unsecured Lines of Credit for No Credit Businesses
Unsecured Loans for Bad Credit

Nurturing Business, Cultivating Hope

Putting Our Clients First Since 2008.
Become A Partner
Partner with us to reach potential merchants using our patented technology on the Advance Funds Network platform.
464 Kings Highway Brooklyn, NY 11223
1633 Rt 35N Unit 4 Oakhurst, NJ 07755
5858 Dryden Place Carlsbad, CA 92008 Suite 238
2967 Dundas St. W. #220D Toronto, ON M6P 1Z2
(866) 480-2611
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
© Advance Funds Network 2023. All rights reserved.