Assent Consultants, LLC does have direct relationships with any specific lenders. We are available to discuss any financing you are considering if the project requires it and have given a basic guide below to help you connect with some companies with think very highly of.
Project Financing and ongoing debt management services can be arranged through 3rd party funding sources. business finance lenders, your bank, and the Small Business Administration
Government Support
The SBA is the best small business lender for the last 30 years hands down. Prior to the pandemic their SBA 7a Express and 7a programs helped clients of all types afford financing their business and their dreams.
Currently, the SBA is ramping up its EIDL funding programs, saving small businesses nationwide and the economy! You can apply directly to the SBA EIDL at https://www.sba.gov/about-sba/open-government/about-sbagov-website/sba-account-login-registration-portals
Contact your local bank, city, and state for grants and business loan programs available in your area. Many counties and cities are offering support to small businesses that employ the community.
Many local banks or credit unions will look for collateral such as real estate or accounts receivable to collateralized your loans.
National Grants may be available at https://www.nationwide.com/business/solutions-center/finances/how-to-get-small-business-grant
Collateralized Funding Sources
Financing your equipment needs instead of paying cash for equipment allows you to afford different projects as well as programs to grow your company by putting large CAPX acquisitions o 3-5 year terms.
If a large portion of your clients pay on net 30-90 day terms you can team with a factoring company to get access to your receivables as soon as the day after you send an invoice.
Short Term Credit Line or Working Capital
Short term unsecured working capital can be a very expensive avenue to pursue. The safest programs offer clients monthly or weekly programs with prepay discounts.
Recommendations:
Short-term credit line company that charges 2-3% per month on outstanding balances, monthly payments, and no prepayment penalty.
Recommendations: