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Taking Your Business To The Next Level

Loan Types

Small businesses often need financial assistance to grow and thrive. Fortunately, there are various loan programs available to help them achieve their goals. Let's explore some of the most common options below.

Personal Loans

Unsecured Personal Loans: These loans are typically used for general purposes, such as debt consolidation, medical expenses, or home improvements. They often have higher interest rates due to the lack of collateral.
Secured Personal Loans: These loans require collateral, such as a car or savings account, to secure the loan. They often have lower interest rates than unsecured loans.

Business Loans

Small Business Administration (SBA) Loans: The SBA offers various loan programs to help small businesses access financing. These include the 7(a) Loan Program, the 504 Loan Program, and microloans.
Term Loans: These loans provide a lump sum of money to be repaid over a fixed term, often with equal monthly payments. They can be used for various business purposes, such as equipment purchases or expansion.
Lines of Credit: A line of credit provides a revolving pool of funds that can be borrowed and repaid as needed. This can be useful for businesses that need flexible financing.

Other Loans

Auto Loans: These loans are used to finance the purchase of a vehicle.
Motorcycle Loans: These loans are used to finance the purchase of a motorcycle.
RV Loans: These loans are used to finance the purchase of a recreational vehicle.

Choosing the Right Loan:

The best loan program for your small business depends on your specific needs and circumstances. Consider factors such as:

Loan amount: How much money do you need?
Purpose: What will you use the loan for?
Repayment terms: How long do you have to repay the loan?
Interest rates: What is the interest rate on the loan?
Collateral: Do you need to provide collateral to secure the loan?

Customer Service: Evaluate the lender's reputation for customer service and responsiveness.
Fees and Costs
Online Tools: Consider the availability of online tools and resources for managing your loan.

It's recommended to research and compare different loan options to find the one that best suits your business. Enguard Capital can provide personalized guidance to help you compare different loan options and choose the one that best suits your specific needs.

Loan Programs

Real Estate Financing

Real estate financing covers a wide range of loans used for acquiring, refinancing, or enhancing real estate properties, including construction projects.

Lines of Credit

A line of credit is a type of revolving loan that provides a business with a pre-approved limit of funds that can be borrowed and repaid as needed. This can be a flexible and convenient way to finance short-term working capital needs.

Equipment Lending

Equipment lending is a type of financing that allows businesses to lease or rent equipment rather than purchasing it outright. This can be a beneficial option for businesses that need access to specialized equipment without the upfront cost or long-term commitment of ownership.

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Asset Based Financing

Asset-based financing (ABF) is a type of funding that uses a company's assets as collateral to secure a loan. This can be particularly beneficial for businesses that have difficulty obtaining traditional bank loans due to factors such as limited credit history or a lack of tangible assets.

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SBA Financing

The Small Business Administration (SBA) offers a variety of loan programs designed to help small businesses access the financing they need to grow and succeed. These programs are backed by the federal government, which provides a guarantee to lenders, making it easier for small businesses to obtain loans.

(AR) Accounts Receivables Financing

Accounts receivable (A/R) financing is a type of funding that allows businesses to convert their outstanding invoices into cash more quickly. This can be especially beneficial for businesses with a significant amount of receivables that are slow to pay.

Taking Your Business To The Next Level

Loan Programs

Real Estate Financing ​ Real estate financing covers a wide range of loans used for acquiring, refinancing, or enhancing real estate properties, including construction projects.

Lines of Credit A line of credit is a type of revolving loan that provides a business with a pre-approved limit of funds that can be borrowed and repaid as needed. This can be a flexible and convenient way to finance short-term working capital needs.

(AR) Accounts Receivables Financing Accounts receivable (A/R) financing is a type of funding that allows businesses to convert their outstanding invoices into cash more quickly. This can be especially beneficial for businesses with a significant amount of receivables that are slow to pay.

Real Estate Financing

Real estate financing covers a wide range of loans used for acquiring, refinancing, or enhancing real estate properties, including construction projects.

Lines of Credit

A line of credit is a type of revolving loan that provides a business with a pre-approved limit of funds that can be borrowed and repaid as needed. This can be a flexible and convenient way to finance short-term working capital needs.

(AR) Accounts Receivables Financing

Accounts receivable (A/R) financing is a type of funding that allows businesses to convert their outstanding invoices into cash more quickly. This can be especially beneficial for businesses with a significant amount of receivables that are slow to pay.