That’s a little like asking the contractor how much it costs to build a house. The contractor has to see blueprints, and know what types of materials the client wants the house built with. Only with these details can the contractor figure out the cost and issue an estimate. We have access to some of the best rates that the market has to offer. Our job will be to propose the best finance products from the best funders for your job. The information you provide will enable us to do just that.

Again, we have access to some of the nation’s best business funders, and they have decades of experience in financing companies like yours. We are pleased to have them available to us. Our job is to understand your company and business, and to choose finance products that will serve you best, from funders that have skills and preferences that are appropriate for you, to represent you to those funders, and to help you use the products for best effect. We have more financing tools available than a banker could dream of.

This varies considerably, since there are such lenders specializing in transactions according to credit quality, and sometimes industry. Some entertain only bankable credits, and others look for companies in trouble to finance. As a general rule, such lenders look for the bulk of the assets (75% or so) to be assets that can be readily turned into cash, such as eligible accounts receivable.

Generally speaking, lenders want to see that the proceeds of the loan will be used in the business, for expansion, modernization, or other purpose that will increase profitability.

If your company has bank quality credit, you will generally find that a non-bank funder will advance more money on your business assets than will a bank, with fewer restrictions on how you use the money in your business, and with fewer restrictions on how you operate your company, within reasonable bounds. With more cash and fewer restrictions, you will likely be able to take more advantage of the opportunities the marketplace has to offer you, meaning you can grow more and faster and enjoy greater market share and profits.

If this is not important to you, you might well stay with banks, because non-bank funders may charge more in interest and fees than do banks. But, if the ability to grow your business and take advantage of more of the opportunities the marketplace offers is important to you, you will generally find you can accomplish much more with non-bank funders than with banks. At the end of the day, you will have made considerably more money with the non-bank than with the bank because you get more dollars from your assets with greater freedom in how you operate your company. Thus, you will likely conclude that the non-bank funder is actually cheaper than the bank.

A major priority of banks is to avoid risk, because they are lending depositors’ money. They prefer to rent dollars to borrowers who don’t really need them, but who would benefit from the use of them. Given a choice, they would rather earn their revenues from charging fees for services, than interest on loans.

Non-banks make a living by taking business risks that make sense to them. They are in the risk business. They manage those risks differently than do banks. Some manage risks by taking title to the collateral they finance, others by having specific expertise in specific assets or industries.