Commercial and Business Loans come in many shapes and sizes. Each financial instrument has unique criteria for approval, unique application of funds, and unique terms that must be met during the life of the loan. That’s why it’s so important to have a commercial loan broker on your side.
Let Bancor Group help you select, target, and apply for the loans that will best meet your unique business objectives.
ACCESS FUNDS FOR GROWth…
Asset Backed Loans
Unlock funds held in valuable assets
After years of investment in property and equipment, many businesses find themselves facing liquidity challenges. Put those assets to work for you, giving you the flexibility you need in today’s marketplace.
Maintain cash on hand for operational flexibility
Commercial capital loans are not made the same. Our financial team will assess your business scenario and provide you with options suited to your near and long-term goals.
match costs to revenue
Finance high-value business tools and capitalized equipment
Sell Contracts and Accounts Receivable for immediate cash
Accelerate cash flow to fulfill contracts and manage expenses during your production cycle. Why take out high interest loans when you can collect on moneys owed to your business today?
Construction Loans and Fix & Flip Financing
Developers, business owners and property managers can improve their real estate through construction and value added financing. Explore ways you can generate value and expand your business.
Reduce interest rates with federally backed funds
The SBA fulfills its mission to build the backbone of the American Economy by underwriting approved loans to small businesses. Consolidate, access working capital, and even acquire or construct new property.
How do loans from a broker differ than a direct lender?
Bancor Group’s loan brokers work on your behalf to source the right loan product from the right lender to create a better match and a faster process than sorting through lenders and applying yourself. Because we know the field we know what a good deal looks like. Many direct lenders try to match your business to their available offer, regardless of whether it is a sound fit for you and your business. Bancor Group increases choices, provides you context and insight, and helps you make better funding decisions.
What are credit requirements in working with loan broker?
Loan brokers work with business owners with many different credit scores. In fact, some loans we are able to source for businesses begin with the requirement your business has been rejected at every turn. Additionally, there are ways to access funds in several categories that do not require a credit pull. The first step is to speak with a broker so we understand what your unique picture to source the funds you need.
How long will it take to get a commercial loan?
Which loan type is right for me?
Here's How To Get Started
Complete a Short Questionnaire
Have an In-Depth Conversation with our Team
After reviewing the information, we’ll set up a conversation to understand your business more thoroughly. With the full picture of you and your business, we will work with our network to generate offers and showcase the best solutions to you.
Submit an Application
Our team will answer any questions you may have to this point. When you are content with the answers and information, we’ll help navigate you through the loan application process. Take Advantage of Continual Support. Things change. We get it. Our lending professionals and brokers will stand by to provide further advice or answer questions as needed, even after the initial application is complete.
What is the working capital ratio?
If you don’t have enough money to pay employees and keep the lights on, then the value of your long-term assets matters very little. That money, used for almost all daily expenses is referred to as working capital. Most businesses try to maintain a working capital ratio between 1.5 and 2.0. If you’re not sure what your ratio is, simply divide your firm’s annual liquid assets by its annual short-term expenses. The result is your working capital ratio.
Is working capital financing right for my firm?
If you are looking to make a large investment or a long-term purchase, it is usually better to focus on certain tools (like a real-estate loan). Working capital loans are usually better for short-term situations and boosting operational cash. If you are not in a rush for funds, other financing tools may be better for you, as working capital financing often comes with higher interest rates.