2012 was a year to remember, as they all are. Not without challenges, but not without successes. We choose to focus on the good and let the rest shape us to be better in 2013. We’ve grown by learning and sharing with you this past year, and we want to thank you for that opportunity! At Alliance Commercial Credit Group, we are anticipating a great year in the coming 12 months.
We look forward to continuing helping businesses in the Northwest and across the nation. We will continue to educate about the alternative financing options businesses can take advantage of, and to assist them in securing the funding they need to achieve their growth goals.
There’s a lot of talk about what they economy will or won’t do this year. Either way, we will still be here to advocate for businesses who need financing but are unable to get it from traditional sources. The variety of programs we offer give companies flexible options. A quick assessment over the phone will help us determine what programs you will qualify for so we can make our best recommendation.
If 2012 was a rough year for your business financially, why not start out 2013 on the right foot? There’s no time like the present to give your business the funding it needs to bring you a successful New Year. Contact us today – we would love to work with you!
Commercial loans are made exclusively to businesses specifically for purchases or investments that will be used solely for business purposes. Commercial real estate loans, then, apply to a business seeking to purchase real estate for business uses. This might be the initial purchase of property, a building, or an extension of property already owned by the business.
Traditional commercial real estate loans are most often fixed rate. However, different from residential loans, commercial loans are often fixed for shorter periods of time. These loans are fully documented, and you could expect to have 2 years of tax documentation required. You may also be called on to present your business plan before the lending institution grants the loan. Your business must have a decent credit score in order to be seriously considered. Alliance Commercial Credit Group can help your business determine if you qualify for this type of loan, and can also assist you through the application process. Our goal is to secure your funding as quickly as possible!
However, not everyone qualifies for more traditional commercial real estate loans. There are alternative lending options that can still secure the funding you need. One of our strategies is to use non-conforming (or stated income) loans. These loans require less documentation, and can be a good option if you have insufficient employment history, business losses in the last two years, or insufficient debt- or cash-flow coverage. In order to make sure you sign with a reputable lender and secure the best interest rate possible, Alliance Commercial Credit Group can walk through the process with you.
Although it can be challenging to secure a commercial real estate loan in the current economy, it is far from impossible. And even if you won’t qualify for traditional loan types, there are other, alternative financing options available to you. For direction and insight as to the best course of action for your company, contact Alliance Commercial Credit Group today.
Success isn’t a word everyone gets to use when it comes to describing their business finances. In fact, for many the opposite is true. The current economic situation has made it tough for businesses to survive and thrive. If you’re finding it difficult to be successful in your business, you’re not alone. Here are a few facts about businesses in the US and their financial fitness:
- About 80% of businesses are using some form of financing to grow their business.
- The top two financial problems US business owners say they face are “unpredictable business conditions” (33%) and “slow or poor sales” (23%).
- Businesses said they wanted credit for 3 major reasons: cash flow, cash cushion, and inventory.
- The percentage of business owners using personal credit to support their businesses grew from 42% in 2009 to 49% in 2011.
- In 2010, small business borrowing amounted to more than $1 trillion. Of that, $652 billion was small business bank loans and $460 billion was lines of credit.
- Credit and non-traditional, alternative financing are the top two forms of business funding.
It’s common for a business to need financing to continue successfully doing business. What’s less common is for those businesses to actually secure the financing they need. Alliance Commercial Credit Group works with you to identify your options when it comes to funding your business. Our programs are creative and unique to the needs of each company we work with. Learn more about the financing options we provide here, or contact us for more information.
We are always looking for the opportunity to serve businesses. Alliance Commercial Credit Group exists to help businesses to overcome financial obstacles so they can get ahead. If you know of a business that could use guidance or financial assistance, we would love the opportunity to connect with them. If you have someone in mind to talk to, here’s what you should know about us:
- We’ve been giving businesses alternative financing solutions for more than 10 years.
- We work with both traditional and non-traditional lenders to make sure our clients get the best rates available.
- Though we’re based in the Northwest, we are often able to assist business with alternative financing nationwide.
- Our goal is to understand the specific needs a business may have so we can give them a effective, working solution.
- ACCG has experience helping companies in a wide variety of industries, from a food processing plant to a start-up transportation company.
- Our unique programs are designed to help businesses from a wide range of industries in varying financial situations.
- The alternative business financing solutions we use include asset based financing, accounts receivable lines of credit, hard money loans, factoring, equity based commercial real estate loans, and equipment loans, to name a few.
- We also can assist businesses as they prepare to sell, merge, or be acquired.
At Alliance Commercial Credit Group, we are experts in knowing how to get businesses the funding they need. If you know of someone who needs cash flow in their business, but have been turned down by traditional lending institutions, let them know about us. We enjoy helping businesses get back on their feet financially. Contact us today!
Cash flow is the lifeblood of business. Without it, you’ll find yourself underwater fast. But cash flow is a tricky element to deal with in business. For some industries, income is consistent and predictable. For others, the reality of their cash flow couldn’t be more opposite than consistent and predictable. Product-based warehouse businesses are especially susceptible to inconsistent cash flow.
It’s a vicious cycle: without regular income, you need credit, but without regular income, it’s hard to qualify for credit. This leaves you walking a fine line with a tight budget waiting for your outstanding invoices to be fulfilled. Without working capital or a financial lending institution willing to give you a loan, you can quickly feel like you’re completely out of options. That’s where alternative business financing can help you.
When it comes to giving businesses working capital, we are the experts at creating a solution unique to your business and your needs. If accounts receivable are truly your only collateral, there are at least two alternative financing methods we can use. After assessing your current financials, your history, and how quickly you need the money, we will be able to determine what you will qualify for.
In the past, we’ve secured financing for businesses in as little as seven days. Ideally, we prefer to work in a longer time frame to ensure securing the best possible rates and financing for your business. However, we understand that sometimes time isn’t on your side and we will do what we can to work with you. In the event we are unable to assist you, we will point you in the right direction.
If you’re stuck between a rock and a hard place needing income but waiting on accounts receivable to be fulfilled, consider contacting Alliance Commercial Credit Group. We have extensive experience successfully working with businesses whose primary form of collateral is accounts receivable. Give us a call to see how we can help you.
Bridge capital is a term describing the working funds you get from a bridge loan. In other articles, we’ve gone into more detail about bridge loans and how they work. A bridge loan is a type of interim financing to cover a gap or lag time between more permanent forms of funding. It’s a short-term solution to give a business immediate cash flow.
For instance, if a business is in the process of closing a big deal but are still six months out from seeing that deal finalized, a bridge loan could be a solution to give them working capital for their immediate operating needs. Another common scenario for using a bridge loan is in the case of real estate sales and purchases.
Typically, bridge loans have a higher interest rate because they are often needed on short notice. They are structured to last anywhere from two weeks to three years. By working with Alliance Commercial Credit Group to obtain financing for your business, you can rest assured that we will go above and beyond to secure a bridge loan on the best possible terms.
How are we able to do that? Because we focus on strong equity positions to work through issues that are preventing you from obtaining traditional forms of funding. We have extensive experience working with bridge loans and applying them to a variety of financial situations. If you’re considering a bridge loan as a solution to your business financing challenges, contact Alliance Commercial Credit Group to see how we can help simplify the process for you.
As 2012 is heading to a close, it’s valuable to pause and review how the current economy is doing, and how it has affected businesses throughout the United States. Here is a collection of some of the most recent data regarding the current economy and US businesses.
- About one quarter of business owners in the US claim to be better off than they were in 2007 before the recession began.
- 46% of business owners expect to see an increase in their sales in the next 6 months.
- Only around 38% of business owners expect to actually see a profit next year.
- Currently, two large corporations (Intel and FedEx) have both cut their
- The end of 2012 brings with it the potential expiration of tax cuts.
- Projections for 2013 include an economic growth of anywhere from 1.7% to 2%. This may not be the growth we might hope for, but it is at least growth.
- The unemployment rate next year is expected to hover around 8%.
- Somewhere around 23% of small businesses intend to hire next year.
So what does all that mean for us as we head into a new year? That nothing is certain, as you well know. These numbers aren’t necessarily what we might hope to see, and they don’t paint an ideal picture for business owners. But we can only continue doing the best we can, given the circumstances.
The good news is that for the financial side of your business, Alliance Commercial Credit Group can help you obtain working capital so you can continue growing. Our alternative financing methods are a way you can still get the funding you need despite what the economy does. Get in touch to find out how we can help you continue growing!
Like any financing, alternative business financing requires documentation. Before you begin working with Alliance Commercial Credit Group, there’s a whole range of details we need to know about. As we assist you in obtaining alternative financing, we will need to collect comprehensive information about your company so we can most strategically secure your funding. Here’s a brief overview of the questions you should be prepared to answer:
- What is your business history? This includes the basics like how long you’ve been in business and what your company structure is.
- What do your past finances look like? To know how to help you in the future, understanding where you’ve come from is very informative. This may mean seeing past financial records and documents.
- How do your current finances look? We’ll need to fully understand where you currently are with your profits, debts, operating expenses, etc.
- What are your specific business goals? The better we can understand exactly what your goals are in procuring alternative financing, the better we’ll be able to implement a strategy that will successfully get you there.
- What is your credit score? Your credit score and detailed credit history are critical elements in obtaining financing. While we base most of our funding on future performance and current equity rather than credit score and history, this is still part of the picture we need to see.
While there’s a lot of information we need to cover with you, one of the greatest benefit of working with Alliance Commercial Credit Group is that you only need to do it once. Instead of filling out multiple forms applying for financing at different institutions, you only have to do it once with us and we take care of the rest. We handle your information very carefully, keeping it confidential and safe. To get started, contact us or fill out a pre-approval application today.
With the lending environment being as strict as it is, information about alternative financing options can sound too good to be true. And while it isn’t always the case, sometimes lenders really are offering something too good to be true. We encourage business owners to do their homework and carefully consider a company before jumping on board with their program. Here are a few questions to ask about a lender as you pursue business funding with them.
How long have they been in business?
Longevity tells you a lot about a company, especially in the financial industry. Standing the test of time indicates a tried and true method that is reliable. You don’t want your company’s finances hanging in the balance with a fly-by-night lender. If they haven’t been around that long, just make sure other credentials are in place to give you confidence.
What is their track record?
Look for real-life testimonials from other businesses who worked with the company to get alternative financing. Ask about their success rate. If applicable, ask around in your business community to get a feel for their reputation.
How accessible are they?
While you want to avoid micro-managers, you want to align yourself with a company who will be involved while working with you. Early on pay attention to communication styles and evaluate whether they will contribute to a good working relationship. If the company is out of your area, pay extra attention to this. As questions and issues may arise, you need to know you’ll be able to talk to someone.
If you’ve heard rumors about alternative business financing and you’re unsure about how to proceed, consider contacting Alliance Commercial Credit Group. We have more than a ten-year track record of reliably providing businesses with the funding they need. We have the experience, knowledge and longevity in our industry that mean you’re in good hands. Still have questions? We’re more than happy to discuss your concerns and questions and give you information.
Identifying that you need help is the first step you can take toward turning your business around. Then it’s time to educate yourself about the myths of alternative financing and begin to understand your options. After that, it’s up to you to make the call and bring in the assistance you need. But after the turnaround is in motion? It’s up to you to stay the course.
Seeing a business through a turnaround can leave you feeling exhausted at the overwhelming amount of work to be done. And while you will have to put blood, sweat and tears into your business during this time, we want to encourage you not to give up. We’re here to help and as you stay the course, we’ll by your side guiding you though the process. As you progress, here are some tips to keep yourself in the game:
Track your progress. In a visible place like a whiteboard, write down where you started. Then keep writing down a list of all the things you’re doing to change the situation. As things start to shift, document those changes, too. Sometimes progress is gradual, so having a visual reminder that things are changing can be encouraging.
Ask yourself what the end goal is, and visualize yourself achieving that goal. Clear focus on the desired outcome makes enduring a challenging season much more possible. It gives you motivation to persevere, knowing the current situation now will be worth it later once your goals are achieved.
Stay focused. Setbacks so easily derail us. Don’t let difficulties keep you from doing the things you have to in order to get where you want to go. It’ll be a process, you can’t expect to get there overnight. By continuing to do the right things, you can rest assured your actions will pay off in the end.
Don’t quit too soon. You’ve come this far – you’ll make it! Seeing a struggling business through a turnaround is not easy, but it is possible. We’ve helped many businesses do it, and we can help you, too.