Business Loans for equipment

Business Loans for equipment. Have questions call us at 609-365-0001 or visit www.imndirect.net

With an Equipment Express loan access $10,000 to $100,000 to finance equipment such as:

• New or used vehicles. Includes vans, tractors, trailers, or passenger vehicles
• Equipment. May include restaurant, food service, manufacturing, packaging, or health care equipment 

An Equipment Express loan offers flexible loan terms and competitive fixed interest rates for business vehicle and equipment purchases. Plus, you can be pre-approved so you can shop knowing you already have funding in place.

Loan snapshot

• Credit amount. Pre-approvals from $10,000 to $100,000. Minimum draw down amount: $5,000.
• Interest rates. Rates based on term length, credit history, and equipment or vehicle being purchased.1
• Collateral. Your purchased equipment and/or vehicles.

Fees

• No application, annual, or pre-payment fees
• Documentation fee: no fees for additional loans on the original credit amount

Terms

Choose your term and lock your rate for the duration of the term. You'll always make the same low monthly payment and your loan will be completely paid off at the end of the term. The terms for eligible equipment and vehicles are:

• Up to 6 years on new vehicles
• Up to 5 years on new equipment and used vehicles
• Up to 4 years for used equipment
• Up to 3 years on new information and communication equipment

Amounts financed

• Equipment. Up to 100% of the purchase price on new and used equipment.2
• Vehicles. Up to 100% of the purchase price on new vehicles and up to 100% of the low Kelley Blue Book value for used vehicles up to 10 years old. Have more questions call us at 609-365-0001 or visit www.imndirect.net

Business Loans for Cape May County Merchants

Business Loans for Cape May County Merchants

Is your business slow in the off season, looking to expand, or just need operating cash. Good Credit or Bad Credit, NO Problem !!

CALL 609-365-0001

Think before Applying: Your Helpful Guide to Business Loans

When you approach a bank for a loan, you're asking the bank to go into business with you. Keep in mind that both parties need to make a profit and you are asking the bank to agree with your business strategy and the risks involved. In order to make this a beneficial decision on both sides of the table, it is best to arm yourself with the most important knowledge. We aim to be a resource for you to help you gain such knowledge.

Why Take Out a Business Loan?

Sometimes taking out a business loan is a response to an emergency situation, and other times it is part of a long-term plan to expand and improve the company. If your company's cash flow does not allow you to meet the upcoming payroll deadline, then it becomes necessary to take out a business loan. If your company does not have the liquid assets to pay for a new piece of equipment which will make your company profitable and competitive, then you need to get a business loan to purchase that equipment. Questions call us at 609-365-0001

We have loans for all types of businesses in Cape May County. We do not target a specific industry. In fact, we serve restaurants, franchises, retail stores, automotive shops, doctors, home improvement builders manufacturers and more, continually expanding our expertise and our clients’ abilities and enterprise opportunities by providing capital for business in Cape May County.

Get Quick Approval For A Customized Business Loan

Why Do Businesses Contact Us for their immediate funding needs?

➤ No Upfront Fees and Fast Application

➤ 1 Hour Decisions
➤ Bad Credit Is Not An Issue
➤ Flexible Repayment Options
➤ Loans From $5000 to $1M Available
➤ Money Available in 24 Hours
➤ Our Goal Is To Help You Succeed

Financing Programs

• Accounts Receivable Financing
• Business Line of Credit
• Commercial Mortgage Financing
• Equipment Leasing and Financing
• Loans for Doctors and Contractors
• Merchant Cash Advances
• Purchase Order Financing
• Merchant Processing Services
• SBA Loan
• Contractor (contract) Financing
• Small Business Loan

We service Business loans for all cities in Cape May County including Wildwood and Wildwood Crest, Cape May, Stone Harbor, Avalon, Ocean City, Atlantic City, Rio Grande and many more have gotten business loans even with bad credit.

Questions call us at 609-365-0001 or Visit www.IMNDirect.net

Why Take Out a Business Loan?

Why Take Out a Business Loan?

Sometimes taking out a business loan is a response to an emergency situation, and other times it is part of a long-term plan to expand and improve the company. If your company's cash flow does not allow you to meet the upcoming payroll deadline, then it becomes necessary to take out a business loan. If your company does not have the liquid assets to pay for a new piece of equipment which will make your company profitable and competitive, then you need to get a business loan to purchase that equipment.

Types of Business Loans

By reviewing the primary types of business loans available, it is easier to determine which loans are best for your situation.

• Secured Loan - A secured loan requires collateral to back up the entire value of the loan. The risk with a secured loan is in losing your collateral if you default, but these also tend to be easier loans to get than most other types.
• Unsecured Loan - An unsecured loan is given based on the company's credit rating and not the credit rating of the company owner. The interest rates on these types of loans can be lower than secured loans, but unsecured loans can often be difficult to obtain.
• Accounts Receivable Loan - In these types of loans, your outstanding invoices are used as collateral. The interest rates tend to be high on these types of loans, but they can be convenient for short-term obligations.
• Equipment Loan - These are the loans used to make capital purchases of new or used equipment. They act as secured loans, but the collateral is the equipment being purchased, which makes these loans extremely convenient.
• Construction Loan - When it is time to expand the facility, then it is time for a construction loan. These work in the same way that a home construction loan works in that the new facility being built acts as collateral.

What to Consider before Taking out a Business Loan

Loans represent a recurring debt that could take away from your bottom line. Before getting a business loan, be sure that you cannot raise the cash you need some other way. If you can sell old equipment you no longer use to get a new piece of equipment, then that would be a better solution than getting a loan.

Always make sure that taking a loan is the best option before proceeding. It may be that expanding the company will have to wait, as opposed to bogging down the company finances with a large expansion loan you cannot afford.

4 Common Mistakes to Avoid When Applying for a Business Loan

Some of the common mistakes to avoid when applying for a business loan include:

1. Not having a written plan for why you need the loan.
2. Not utilizing the application process created by the lender.
3. Not understanding all of the costs associated with the loan.
4. Not taking the time to negotiate better terms with the lender.

A business loan can be the key to keeping your business going, which is why you should be as prepared as possible when you apply for a business loan. When you put the right type of financing in place for your business, then you can move forward and achieve all of your business goals for the future.

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