When people think of business loans they generally think of banks, yet there are benefits of acquiring small business financing outside of banks. Finding the working capital, equipment, renovation, and other financing needs are important for the growth of a small business. Having a reliable financial partner is going to bring peace of mind and stability to a small business, so they can project long-term success.
If a prospective small business owner wants to start a business from scratch or build upon what they have, banks generally won’t have the flexibility to loan what’s needed. This is because banks are limited in their terms and conditions for handing out loans. And if a person has less than desirable credit and not enough capital or assets, they’ll have a hard time even getting a small personal loan.
Many times people think getting a larger loan to start a franchise or their small business is impossible, unless they have large wealth and assets already. This is largely true when it comes to banks, because they’re limited in their abilities to offer small business loans. They can offer small personal loans and lines of credit, which can help with some working capital.
Whether a person is starting a small business from scratch or building upon what they’ve already begun: finding a reliable financial partner to work with is key for their long-term stability. This is where IRH Capital comes into the picture. We’re a company that specializes in small business financing.
IRH Capital is not constrained by the rules and regulations banks are, and through a networking of resources can find the loans small businesses need. Loans from $3,000 – $2,000,000 with up to 7 year terms can be acquired for: working capital, starting a franchise, buying/leasing equipment, and remodeling needs.
The process of applying and acquiring a loan through IRH Capital is easier and faster than through a bank. Many times, we can grant a loan to a small business when banks cannot, so we make it possible for people (even with lower credit) to find the small business financing they need.
Applying online is easy, and the applicant will know within 24 hours if they’re approved. Also, there are different structuring options, such as: seasonal payments, line of credit, and roll-up programs.
Another benefit is to simply have another source of financing in addition to a bank’s line of credit, which will ensure funds are available when needed.
IRH Capital has helped many franchises and small businesses acquire financing over the years, and is offering to be your financial partner too. The application process is simple and fast, and with our resources to find funds specifically for small business financing: we can acquire the loans needed when banks simply can’t. If interested in learning more, please contact us today.