The current economic climate has business owners everywhere concerned that funding may not be available when they need it most. Fortunately, this is little more than an anxiety-driven misconception. The truth is, money is still out there — you may just need to get creative to secure it.
Barrington Commercial Capital (BCC) is here to support you and your growth goals with our unique funding solutions. Whether you need a business property loan, franchise financing, equipment funding or cash to fill a big order, we have options that can help.
Here’s what you need to know about borrowing in the current economic ballyhoo.
Lenders Are Still Lending
Businesses need capital to grow, which is why lenders are still offering lending solutions to fill the void. While traditional loans may not be as appealing as they were during periods with low interest rates, that doesn’t mean you’re out of luck. Lenders like BCC are still here to provide the cash you need to grow.
Before you start looking for a lending solution, consider your goals. There are products available for buying new equipment, funding accounts receivables in advance or tapping into the equity of your real estate holdings. Once you’re clear on your objectives and needs, you can begin looking for a solution that fits.
Why You Shouldn’t Fear the Economy
It’s natural (and even wise) to be cautious in the current economic climate. You’ve likely heard whispers of tightening credit markets or seen headlines about businesses struggling to secure funding.
The reality is that lenders like Barrington Commercial Capital are still actively seeking opportunities to support clients like you. Assistance is always close at hand, even when it feels like opportunity is out of reach.
Our Lending Solutions
BCC offers a variety of non-traditional and creative financial products to help you get the funding you need, when you need it. Our bridge loans provide short-term financing to pay for one investment while you work on selling or flipping another. This is a popular option for real estate investors who want to capitalize on fleeting opportunities.
Another commonly utilized solution is accounts receivable factoring, which allows you to sell outstanding AR invoices to get cash now. We also offer true lines of credit, which can give you flexibility and place less strain on customer relationships.
Our AR financing options have helped numerous clients seize opportunities and drive growth.
For example, a wine-based marinade start-up partnered with BCC to finance a $700,000 grocery deal. We provided a $1 million purchase order line of credit and a $1.5 million AR line of credit so the owner could access the working capital needed to grow their business.
Explore Your Options With Barrington Commercial Capital
Ready to see what’s possible with Barrington Commercial Capital in your corner? Contact us today to explore our funding solutions!
