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The new Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features our fastest turnaround time for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85 percent for loans of $150,000 or less and up to 75 percent for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to take all available collateral.

The SBA has many programs targeted to assist economically and socially disadvantaged individuals, and to help rebuild economically depressed or hurricane shattered communities. According to Joel Szabat, the SBA’s Chief of Staff, “The SBA has only one set of programs designed to help people, not for who they are or where they live, but for what they done. These are programs the SBA has established to serve those who have taken up arms and risked their lives for our country.”

Patriot Express was recommended to the President by the task force of returning global war on terror heroes, led by the Secretary of Veteran’s Affairs, Jim Nicholson.

There are approximately 1.2 million men and women on active duty, 1.8 million in reserves and the National Guard. Of that total, 1.5 million have been deployed to Afghanistan and Iraq since the war on terror began.

There are nearly 45 million veterans in America today. Veterans are an important part of the small business community. According to the SBA’s statistics, 15% of veterans are self-employed.

Patriot Express Pilot Loan Initiative – Overview

The U.S. Small Business Administration has announced the SBA’s Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses. Eligible military community members include:

Veterans
Service-disabled veterans
Active-duty service members eligible for the military’s Transition Assistance Program
Reservists and National Guard members
Current spouses of any of the above
The widowed spouse of a service member or veteran who died during service or of a service-connected disability

Eligibility for Reservists and National Guard members is limited to current members of the Reserve or Guard (and their current spouses). Former Reservists and National Guard members (and their spouses) are not eligible, unless they qualify from active duty as Veterans.

Certified copy of a DD Form 214, which is provided for everyone other than dishonorably discharged veterans is required.

The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.

Due to the special nature of Patriot Express, particularly the level of authority and autonomy delegated to lenders under this initiative, SBA is particularly concerned that Patriot Express loan proceeds be used exclusively for business-related purposes. SBA therefore expects lenders to use reasonable methods to ensure that loan proceeds are used for business-related expenses, which means conformance with verification procedures at least as thorough as those used for their non-SBA guaranteed commercial loans. At a minimum, lenders must thoroughly communicate to borrowers that all SBA loan proceeds must be used only for business-related purposes, must clearly set forth that requirement on the loan authorization, and must secure a certification from the borrower that all loan proceeds will be so used.

Patriot Express loans feature SBA’s lowest interest rates for business loans, generally 2.25 percent to 4.75 percent over prime depending upon the size and maturity of the loan. Lenders cannot charge prepayment fees on SBA loans.

The SBA is proud to be aiding America’s Heroes. The Patriot Loan Initiative can be used for most business purposes. Free consultation, no obligation. Let our expertise help you raise the business capital you need.|||Patriot Express – A New Loan Program For the Military Community…SBA No Doc Veteran Loans

Do you own a business? If you are like most business owners, you probably have a lot of responsibilities. First and foremost, you have to meet payroll. Every time. You also need to pay rent and suppliers – on time. All this requires working capital.

However, if you are selling products or services to commercial clients or to the government, you are probably painfully aware that they can take as many as 60 days to pay their invoices. Why? Because if you want their business you have to conform to their terms. There is no other way around it.

But this also leads to an impossible situation. You have bills that need to be paid quickly but customers that want to pay slowly. Unless you have a lot of money in the bank, it’s not a sustainable situation. Sooner or later you’ll miss payroll, delay a supplier payment, or turn a large opportunity away.

The solution is simple. You just need working capital. One way to get working capital is to get a business loan. However, business loans are hard to get and can prove to be inflexible. A better solution is to factor your invoices.

Factoring, or invoice factoring as it is most commonly known, is a type of business financing that is ideal for owners who cannot wait up to 60 days to get their invoices paid. It provides you with the necessary working capital to pay rent, suppliers and meet payroll. And, as opposed to a business loan, factoring is easy to get.

Invoice factoring eliminates the usual 60 day wait to get paid by your customers. The factoring company provides you with an advance on your soon to be paid invoices. In effect, it accelerates your invoices. By accelerating your invoices, you get the working capital you need to run and grow your business. And, unlike a business loan, there are no arbitrary limits. The amount of financing you get is only limited by your sales. If your sales increase, so does your financing.

If you are running a business that is growing – and you can’t afford to wait up to 60 days to get your invoices paid, consider invoice factoring.

About Commercial Capital LLC
Looking for a factoring company? We can provide you with a factoring or invoice factoring quote. Please contact Marco terry at (866) 730 1922.

Do you have a new or growing business? If you do, sooner or later you will need business financing. Of course, if you are like most business owners, your first inclination might be to look for a business loan. Unfortunately, business loans can be very hard to get, take weeks to set up and don’t fit too well with most businesses. You might be better off looking for alternative business financing products.

I am going to discuss two alternative business financing products. As opposed to the traditional business loan, they are easy to obtain, can be set up in days, and they grow as your business grows.

Invoice Factoring
If your biggest business financing challenge is that you have clients who take as long as 60 days to pay their invoices, then the solution is to factor your invoices. Factoring, or invoice factoring as it is often called, accelerates your clients’ invoice payments and gets you paid in about 2 days. Factoring does not involve changing your customers’ payment habits, but rather, financing your slow paying invoices through a factoring company. With factoring, you can capitalize on your invoices and get the funds you need to meet payroll and pay suppliers.

Purchase Order Financing
If you are a reseller or wholesaler and your biggest challenge is that you cannot afford to pay your suppliers, then purchase order financing is the best tool for you. Purchase order financing provides you with the necessary funds to pay your suppliers (usually by a letter of credit). This enables you to buy the goods to fulfill your orders and make the sale.

Both purchase order financing and invoice factoring can be obtained from a factoring company (rather than a bank). Both solutions are very affordable, but they work best when the business has profit margins of 15% or more.

So, if you own a business that needs financing, be sure to look at these non-traditional business financing tools.

About Commercial Capital LLC
Looking for business financing. As a factoring company, we can provide you with a purchase order financing or an invoice factoring quote. For more information, call Marco Terry at (866) 730 1922.

Payday loans can be very helpful for your small existing business when you need extra funds to help your small business run efficiently or to expand a bit.

For instance, a payday loan of $1,500 can help your small business to purchase added supplies or even advertise it. A payday loan can be a better alternative to traditional business loans as most small business are not yet very established and this is the criteria for most lending institutions.

You also might need to increase your existing inventory or hire additional employees or even need more funding as you see that you are ready to set up your business out from your home to a better and busier location. A payday loan can help you grow your business without much needed requirements such as business permit, collateral, A payday loan requires no credit check!

You can even apply for a payday loan right from your own home, making the process of applying for a payday loan fast and convenient. The application process is very easy – all you have to do is find a reliable payday loan provider, enter their website, fill out their online application form and submit their requirements for a payday loan: verifiable address in the U.S., proof of income or employment and checking account.

Soon as you are approved, you need to give your payday loan provider a post dated check as collateral for your payday loan and your payday loan money will be deposited straight to your checking account in an hour or less.

So if you are thinking of expanding your small business, adding more help, supplies or products, putting up an extension for more space or even remodeling your space, why not consider getting a payday loan? Payday loans are hassle-free loans that you can acquire whenever you are in need of extra funds for your small business.|||Financerecords.orgFinancerecords.org

Two of the most difficult business finance and commercial mortgage situations for a business owner involve obtaining a Small Business Administration loan (SBA loan) and refinancing an SBA loan. There are practical business financing solutions for both of these common business loan problems.

Are SBA Loan and Business Finance Programs Difficult?

There are usually two business finance schools of thought about getting a Small Business Administration loan to buy a business: (1) Avoid an SBA loan at all costs. (2) Use an SBA loan whenever possible. These conflicting viewpoints are due to a commercial mortgage business loan process that is perceived as complex and difficult by many commercial borrowers.

In reality Small Business Administration loan programs are more practical than they often appear. It is critical to the success of an SBA loan program to be working with a business financing advisor and lender that is proficient at this difficult commercial mortgage process. There are many potential business loan problems to avoid when attempting to obtain an SBA loan, and very few lenders are skilled in this business finance area.

Can an SBA Loan and Commercial Mortgage Be Refinanced?

One of the major drawbacks of a Small Business Administration loan has historically been the difficulty of refinancing later. Recent developments have changed this business loan situation so that it is now more practical to refinance an SBA loan. It is still accurate to say that refinancing is not routinely available, but more importantly it is much easier to obtain than it was in prior years.

Advance commercial mortgage planning can avoid some of the Small Business Administration loan refinancing problems. First and foremost, if the original business financing is arranged without an SBA loan, this will usually make later business refinancing easier. This means that commercial borrowers should at least consider if the initial business loan requires an SBA loan before proceeding.

SBA Loan Misunderstandings Regarding the Business Loan Process

One of the prevailing views of a Small Business Administration loan program concerns the documentation needed to finish the SBA loan and commercial mortgage requirements. The key to a successful business finance process is trusting the loan facilitator about what is required. What business borrowers should try to realize before becoming frustrated by the business loan process is that any commercial loan process will include substantial paperwork whether an SBA loan is involved or not.

A much more critical business finance issue that should be a real concern for commercial borrowers is that there are not many commercial lenders who are routinely effective at finishing the Small Business Administration loan process with timely and successful results. This can create a harsh reality of working with a commercial lender that is ineffective at successfully finalizing requirements for an SBA loan.

Alternatives to SBA Loan Financing – Conventional Business Finance Options

The practicality of refinancing a commercial loan will be determined by the commercial borrower decisions when acquiring the original business financing. In obtaining a commercial loan to buy a business, non-SBA business finance possibilities should be evaluated along with the option of obtaining a Small Business Administration loan.

Refinancing a Small Business Administration loan or conventional business loan will usually be more effective when using an experienced and successful SBA loan – business finance advisor and lender. Commercial borrowers should not overlook the feasibility of traditional commercial mortgage options.