Expert Tips to Finding the Best Business Financing

(Newswire.net — February 10, 2016) San Diego , CA — Small and medium-size business owners often ask, “How do I go about finding the right source of financing to grow my business,” says Ken Mayer, who brings expertise that spans 25+ years of experience in successful financing strategies.

“Finding the right finance source can feel overwhelming,” Mayer states, but “The good news is that it really doesn’t need to be difficult if you know the right questions to ask.”

Growing businesses often require financing to acquire new equipment and technology, finance slow paying invoices, or invest in marketing and sales expansion.  New online marketing needs, product innovation advances and ever-changing competition require business to continually be up-to-date, which costs money and translates to the need for working capital, merchant advances, short-term loans, or equipment financing.  These businesses can often experience slow collection cycles waiting for customer payment, inventory turns, or insurance and government reimbursement, which produces the need for working capital or accounts receivable financing. 

“There are so many new forms of financing available, yet there is also a lot of confusion in the marketplace about how to quickly find a legitimate financing source who is not going to charge an upfront fee, and will be fair and knowledgeable, and charge reasonable rates,” says Mayer, who was the host of a popular San Diego personal finance radio show. 

In a recent interview, Mayer gave these three tips to those who want to find a great business financing source they can count on.

TIP # 1 – Can they give me the money I need in as little as 3 to 5 days?  Most financing sources are wrapped up in too much red tape; they take too long to let you know whether you are approved or not.

TIP #2 – Find out what their area of expertise really is. Can they do working capital loans as well as equipment financing and leasing?  How about financing accounts receivables to produce constant cash flow, that includes collection? Can they lend to credit ratings of A through D?  Can they get you the money you need in as little as 3 to 5 days, for any business purpose, wired directly into your business account?  Don’t waste precious time, when following a few simple steps can help you find the right source for your situation, resulting in money available to you right now.

TIP #3 – Are They Easy to Work with?  Is there someone whom you can feel comfortable working with?  You’ll be a lot happier with your decision if you can find a professional who is both understanding, and approachable.

Mayer recommends that small business owners look for a lender who provides loans that use simple interest, and never contain a prepayment penalty.  Ideally, the lender should also be able to make a decision quickly, using just a simple application form and some easy-to-find support documents.  “I have access to over 90  lenders who can get the funding done,” he stated. 

Nearly every business, whether small or large, has a need for extra working capital at one time or another.  Mayer states he is willing to consult with any business owner seeking financing, without charge, and will take care of locating suitable lenders whose programs are compatible with the business’s needs and the credit of the applicant. These include short-term loans that can be paid off quickly, to fully amortized loans up to 60 months. Smart business owners often find that short-term financing is a great way to finance business expansion, seasonal slow periods, and just about any financing need, while maintaining emergency liquidity. 

Further information is easily available to business owners about financing for any business purpose. Mr. Mayer is happy to provide a knowledgeable, no cost consultation, and quickly have lenders funding meeting your specific needs!

Call Ken at 858-484-7777 or click here to schedule an appointment online.