Start-Up & Expansion Loans
Financial growth and business growth go hand-in-hand. The question facing many businesses is how to grow in a way which is manageable, as well as cost effective. Growing marketing, IT, operations, and other functions all requires capital investment, which is not always available to an owner.
Capital for Business Expansion
Honeybee Financial offers many loan options for a growing business. An unsecured loan may be the best way to move forward, or perhaps a secured loan against business assets might allow for debt consolidation and expansion. Immediate access to capital is important for almost every business, and the right loan structure can allow businesses to move quickly into new markets and towards new goals. Alternative lending services and unsecured loans can be an effective means of financing offering fast approvals and minimal paperwork. Future revenue growth can often pay many-times the interest cost of the loan.
Small Business Capital
Small businesses are typically more established than startups, but the need for increased revenue is equally important. Even an established business might fail to meet its full potential if it is not allowed to expand and grow. A good business can become a great one if given the proper tools and resources to succeed.
Honeybee can offer solutions for business expansion through financing business purchases, real estate acquisition and construction, debt consolidation, working capital, inventory, and many other scenarios. Our alternative loans offer more than a local bank; we’re funded by a nation-wide network of capital sources, and can offer you excellent service, low rates, and fast closings.
Startup Financing
Small-to-medium sized businesses are the nucleus of our economy, making up over 99 percent of employer firms in the United States. Availability of capital is key for small business survival and growth, as well as for our economic health. Obtaining financing as a startup can be difficult because many new businesses have no established operating history, making the proposal a high-risk loan to most traditional banks. This type of banking strategy only prevents new businesses from achieving success and moving forward.
There are a few options to help startups get the capital they need, and we are experts in getting these loans underwritten and closed. Not every startup has the collateral and banking relationships to get a deal done, but we have experience underwriting traditionally “high-risk” loans and getting them funded through our relationships with certain traditional lending institutions. A well thought-out business plan, proven experience in the industry, and financial projections are enough to get the new business financing you need.
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