Apply Online Ask Us About Same Day, Direct in-house Funding!

Imperial Advance – A+ Rated Business Loans | Same Day
Call Us 1-888-633-2083
  • Apply
  • Financing
    • WHY IMPERIAL
    • FINANCING TYPES
    • INDUSTRIES WE FINANCE
    • LOAN CALCULATOR
  • Our Business
    • About us
    • Referral Partners
    • Employee Recognition
    • Careers
  • Renewals
  • Blog
  • Contact us
0
  • No products in the basket.
Loan Calculator

Industries we Finance

Loan Calculator

Loan Calculator

Financing Types

Financing Types

Financing Process

Our Process

Latino Businesses in U.S. Generate 700 Billion in Sales

Latino Businesses in U.S. Generate 700 Billion in Sales

2018 Hispanic Business Owner Spotlight

2018 Hispanic Business Owner Spotlight

Highlights from the Underserved Market Study

Highlights from the Underserved Market Study

Key Insights for Small Business Growth and Financing

Key Insights for Small Business Growth and Financing

RESTAURANTS & BARS

RESTAURANTS & BARS

AUTOMOTIVE REPAIR

AUTOMOTIVE REPAIR

CONSTRUCTION & CONTRACTORS

CONSTRUCTION & CONTRACTORS

Imperial Advance – A+ Rated Business Loans | Same Day

Home

Month: February 2016

15 Feb
2016

An Alternative to Venture Capital for Your Business

by Michael Pennartz | with 0 Comment | in Blog
An Alternative to Venture Capital for Your Business

The Small Business Investment Company (SBIC) loan program was created in 1958 to fill the gap between the capital needs of small businesses and the availability of the capital. The aim of this program, which is a part of the U.S Small Business Administration (SBA), is to provide equity capital, long term loans and management assistance to small businesses which qualify for the same.

The SBICs are privately owned and operated, and make use of their own capital and funds borrowed from SBA to finance small businesses which require equity securities and long term loans. SBICs are profit-seeking organizations and they determine which small businesses meet the rules and regulations of SBA before they can provide financing to these businesses. There are also Specialized SBICs, or SSBICs, which are SBICs that provide financing only to small businesses that are owned by socially or economically disadvantaged persons.

Usually SBICs invest in a wide range of industries, although small businesses with new products or services may be preferred by some SBICs because of their high growth potential. Some SBICs choose to concentrate in the fields in which their management has special competency. Overall, most SBICs will invest in a wide variety of opportunities.

Steps to obtaining financing from the Small Business Investment Company loan program:

  • Identify and investigate existing SBICs that might be interested in financing your business. Use the SBIC directory to learn all you need to know about the SBICs in your state, and even in other areas.
  • When choosing an SBIC, you must take into consideration the types of investments it makes, how much money is currently available for investment and how much will be available in the future.
  • Consider whether the SBIC is capable of offering you management services that suit your needs.
  • You must determine whether the SBA defines your business as ‘small’, as only such businesses are eligible for financing from SBIC.

SBIC program offers equity investment and not debt financing. What this means is that unlike debt financing which involves a loan that must be repaid on certain established terms, an equity investment will see an investment company buy a piece of your business. The investors then become co-owners in your business. As such, the terms of the investment are agreed upon by the investor and the company, which means for the SBIC there are no standards terms as may be the case with debt financing/loan programs.

As with most government lending programs, a business must be prepared for completing extensive paperwork and a long delay between application, approval and funding.  For this reason, many business seek a business term loan, revenue based financing or a merchant cash advance to meet short-term working capital needs.  At Imperial Advance, we can often get you approved and funded from $1,000 to $1,000,000 within 24 hours. Most transactions take 3-5 business days.

Tagged Small Business Investment Company (SBIC) Loan Program
01 Feb
2016

How to Obtain Emergency Farm Loans

by Michael Pennartz | with 0 Comment | in Blog
How to Obtain Emergency Farm Loans

If you are a farmer or rancher who owns or operates a farm in an area that is declared by the President of the United States or Secretary of Agriculture as a primary disaster or quarantine area, you may find that your operations require additional emergency preparedness and recovery measures. The United States Department of Agriculture’s Farm Service Agency provides emergency loans to farmers and ranchers operating in affected areas.

Emergency Farm Loans obtained through this program may be used for several purposes, including:

  • Restoration and replacement of essential property.
  • Payment of all or part of the production costs associated with the disaster year.
  • Payment of essential family living expenses.
  • Reorganization of farming operations.
  • Refinance of certain debts, including real estate.

The maximum loan amount is $500,000. The loan applicants are allowed to borrow up to 100 percent of their total actual production and/or physical losses.

The loans are availed to farmers and ranchers who:

  • Own or operate land that is in a county that has been declared or designated as a primary disaster area or quarantine area. All counties that are contiguous to the declared, designated or quarantined primary counties are eligible too for the emergency loans
  • Are established family farm operators, with sufficient farming or ranching experience
  • Are citizens or permanent residents of the United States
  • Have suffered at least 30 percent loss in crop production or a physical loss to livestock, livestock products and even real estate or chattel property
  • Have a credit history that could be described as acceptable
  • Are unable to receive credit elsewhere
  • Have the ability to provide collateral to secure the loan and;
  • Have the ability to repay the loan

Loans for losses associated with crops, livestock and non-real estate property are usually repaid within one to seven years, and this depends on the loan purpose, repayment ability and the collateral that has been used to secure the loan. Sometimes, terms of up to 20 years may be authorized, but this is only in special circumstances. For the loans made to recover physical losses to real estate, the repayment period is 30 years, although this may be extended to 40 years under special consideration.

If you are looking to get an emergency loan, you will need to submit an application form (FSA-2001, ‘Request for Direct Loan Assistance’) and supporting documentation to your local USDA Service Center or FSA County Office.  If you are looking for a small business loan, bad credit can be a significant obstacle.  In addition, the process of applying for and obtaining approval for a government loan may be too long for a thinly capitalized business.  Companies that specialize in fast business loans and can be an effective working capital alternative for farmers and ranchers.

Recent Posts

  • Latino Businesses in U.S. Generate 700 Billion in Sales
  • 2018 Hispanic Business Owner Spotlight
  • Highlights from the Underserved Market Study
  • Key Insights for Small Business Growth and Financing
  • Celebrating National Small Business Week

Recent Comments

  • marketing ideas for small businesses on 10 Small Business Facts
  • Ben Black on How to Dispute Errors on Your Credit Report
  • Break Into Hollywood with Some Entrepreneurial Spirit | Hollywood Blog on Fast Business Loans – Facts and Figures
  • Show Up for a Week, Stay for a Lifetime | Travelogger on Fast Business Loans – Facts and Figures
  • 3 Questions to Start a Family-Run Business | Parenting Blog on 2015 Small Business Lending Options

Archives

  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015

Categories

  • Blog
  • Community
  • Employee of the Month

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

LATEST NEWS

Latino Businesses in U.S. Generate 700 Billion in Sales

Latino Businesses in U.S. Generate 700 Billion in Sales

July 15, 2019

2018 Hispanic Business Owner Spotlight

2018 Hispanic Business Owner Spotlight

July 1, 2019

TESTIMONIALS

CONTACT US

1-888-633-2083

Email Us

247 W 36th St, New York, NY 10018

Disclaimer

  • Charitable Foundation

Inverse Logo

SSL

BBB


California Lender License No.60DBO-56119
Copyright © 2018 Imperial Advance ®, LLC. ALL RIGHTS RESERVED.
  • Apply
  • Why Imperial
  • Financing Types
  • About Us
  • Referral Partners
  • Blog
  • Privacy
  • Sitemap
  • Apply
  • Financing
    • WHY IMPERIAL
    • FINANCING TYPES
    • INDUSTRIES WE FINANCE
    • LOAN CALCULATOR
  • Our Business
    • About us
    • Referral Partners
    • Employee Recognition
    • Careers
  • Renewals
  • Blog
  • Contact us