Small businesses often face situations where they are in urgent need of cash. There are times when they need funds to pay invoices, there might be a sudden decision to acquire new equipment or even a need to invest in a property for expansion. All these situations call for funds which might not be available. This is where small business loans come in to save the day. They are meant to support small businesses through routine funding challenges.
Small business loans are many in number and each of them is used for a particular purpose. Priority Lending’s options are quite evolved and offer many realistic solutions to small businesses.
Types of Small Business Loans
- Term loans
- Equipment leasing/finance
- Invoice factoring
- Invoice financing
- Merchant cash advance
- Purchase Order (PO) Financing
Every business, no matter its size, needs capital to grow and succeed. Small business loans are a blessing for small businesses that are in urgent need of funds. At Priority Lending, we understand the importance of a loan that gets approved quickly and gives you the much-needed cash before the deal you are eyeing on slips from your hands. This is the reason why we have developed simple loan application and the approval process.
At Priority Lending, we immediately match our clients with a suitable bank or alternative lender. From start to finish, you can expect to see funds in your account within 48 hours of an approval.