Commercial funding can provide financing for both short- and long-term projects. From providing financing for a growing business to covering costs associated with investing into the future success of your company, commercial funding covers a wide variety of needs.

If you would like to discuss commercial funding options with a qualified broker, the team at POM (Peace of Mind) Capital & Funding Services knows the strict regulations and requirements to help you smoothly secure funding for your business endeavor.

Types of Commercial Funding

Anyone who owns a registered business qualifies to apply for commercial funding. Equity financing requires selling shares of your business to an investor, essentially making them a type of business partner. Debt financing is funding acquired through a financial institution, such as a bank loan.

While there are many commonalities across lender requirements, individual lenders may have different criteria when granting approval for commercial funding. Different commercial funding options are:

  • Trade credit
  • Business credit cards
  • Crowdfunding
  • Bridge loans
  • Asset based lending
  • Invoice factoring/discounting
  • Commercial mortgages

Knowing what your business needs are and how to secure working capital will help you thrive in your industry. Working with a knowledgeable broker is essential to explore all the options available will help you find the best financing options available to you.

Questions to Consider

Before applying for commercial funding, take a detailed look at your business needs and what you already have covered. Commercial funding can help cover the costs of updating equipment, expanding your business, marketing, and a variety of other business-related needs. Ask yourself:

  • What specifically do I need funding for?
  • What is the projected direction of my chosen industry?
  • How big is your business? Will you be expanding?
  • What amount of capital is necessary for upcoming goals?
  • How much can you realistically afford in monthly payments?
  • What is your risk profile?

Knowing the answers to these questions not only will help you prepare for the approval process any lender will require but also help you take a thorough look into what your expectations for commercial funding are. Being able to see the full picture of your plan in vivid detail will help you to see if your goals are realistic and if there are any areas you’ve overlooked in the planning stages. Working with a knowledgeable broker will help ensure there are no hidden areas of concern that need to be addressed and help you to secure the best commercial funding option for your circumstances.

We Can Help with Your Commercial Funding Needs

At the POM Capital & Funding Services, we can schedule a consultation to learn more about your options and what to expect when acquiring business funding. Coming prepared with the right financial documents and project expectations will help your broker become familiar with your circumstances to get you the best loan possible.

If you would like to discuss your business funding options with an experienced broker, call POM Capital & Funding Services at (631) 354-9290 or write to us at [email protected] to schedule a free consultation today.

POM Capital & Funding Services is a leading provider of alternative funding solutions for businesses of all types and sizes, offering commercial finance solutions and products to businesses in the Centerport, New York area and throughout the state of New York.