If your business completed the work but is still waiting for a customer to pay, eligible accounts receivable may support invoice financing and help unlock working capital sooner.
Businesses seeking a traditional line of credit may need strong personal credit, one to two years in business, substantial annual revenue and consistent positive cash flow.
Planning to buy a business and need financing? Review your credit, repayment ability, owner investment, business financials and existing debt before pursuing SBA or other acquisition funding.
Automation, production machinery and other major equipment can improve capacity, but large fixed-asset purchases can also create substantial capital requirements. Businesses planning these investments should evaluate financing before committing cash to the purchase. Equipment financing appears among the business funding categories identified in Thomas Abelsen’s funding guide. For larger long-term fixed assets, SBA 504 financing…
If you already have business credit cards, lines of credit or loans and are seeking additional capital, expect existing debt to become part of the funding conversation. The EIN Business Funding client profile specifically asks owners to list open business credit cards, business lines of credit and business loans. For each account, the requested information…
A business that does not meet traditional bank lending requirements may still have other financing categories to evaluate. Online and alternative small-business lenders commonly use different credit, revenue and operating-history benchmarks. Thomas Abelsen’s funding guide identifies typical online or alternative small-business loan benchmarks of approximately 600 to 680+ personal credit, six to twelve months in…
If your business needs a defined amount of capital for expansion, inventory, renovation or another planned expense, a business term loan may be one financing category worth evaluating. Thomas Abelsen’s business funding guide identifies typical term loan qualifications of approximately 600 to 680+ personal credit, at least one year in business, approximately $100,000 or more…
Business owners with lower personal credit may still encounter financing options, but the product structure and cost can be very different from traditional bank financing. Merchant cash advances are one category that may use more flexible qualification standards. Thomas Abelsen’s business funding guide identifies common merchant cash advance benchmarks of approximately 500 to 600+ personal…
Buying a business that depends on expensive equipment can create two separate capital questions: how the transaction will be completed and how major fixed assets will be financed or replaced. Buyers should understand both before closing. Equipment needs can materially affect the amount of capital required after an acquisition. Machinery, vehicles, production systems and other…
Selling your business? Start your exit with clear goals, realistic business valuation, normalized EBITDA, clean financial records, seller readiness, confidential buyer outreach, qualified buyer screening, due diligence preparation, and a complete understanding of deal structure and seller proceeds.
