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Making a business successful is difficult enough, but strict underwriting standards among major lenders who only provide financing to established businesses that already have working capital make it even harder to get ahead.

Fortunately, several alternative lending solutions are available to small businesses in Florida. CPN Numbers specializes in easy small business loans for companies that need a little help to grow stronger.

Whether you have been running your business for years or you’re just starting out as an entrepreneur, we understand that a successful business needs working capital. We help you find a loan option to fit your business with help through every step of the process.

Florida Microloans

Microloans are small business loans that offer up to $35,000 or $50,000 in funding. These loans are designed for new businesses that need capital to launch, but they can also be used for inventory, equipment, supplies, or the purchase of another business.

If you have been turned down by a bank, you can still qualify for a private microloan. At CPN Numbers, we help match you with microloans designed for small and new businesses with flexible requirements.

Asset-Based Loans

Asset-based loans are ideal for small businesses and start-ups that can’t get approved for traditional loans. With an asset-based loan, the lender offers a loan based on the value of the secured asset, usually up to 80% of the value of eligible receivables and 50% of the value of finished inventory. Many lenders are even willing to make asset-based loans to young businesses without a track record because the loan is secured by something with value.

Asset-based loans are especially popular among distributors, manufacturers, and service businesses that have seasonal needs and industry cycles but a leveraged balance sheet. With this type of loan, the lender may require that customers make payments directly to the finance company and reserve a portion of payments to repay the loan.

Franchise Loans in Florida

Do you dream of opening your own franchise and being your own boss? A franchise is much easier to start than a brand-new business built from the ground up and it’s easier to get approved for a loan for an established business.

There are many ways to obtain a franchise loan from a commercial bank and an SBA-partnered lender to alternative finance companies. You can improve your chances of being approved with a thorough business plan, good personal credit, and liquid assets.

Small Business Administration (SBA) Loans

  • The Small Business Administration does not make loans directly, but it does have several loan programs available for small business owners with approved lenders. With an SBA loan, the Small Business Administration guarantees part of the loan to help you get approved for a loan when you would not be able to otherwise.
  • The SBA 7(a) loan is a popular choice for small businesses in Florida as it’s designed for general business purposes. An SBA 7(a) loan can be used for anything from working capital and real estate to equipment and payroll to help you grow your business.
  • The average SBA loan is more than $35,000 with low average annual percentage rates and more time to pay than other loan programs. The major downside to an SBA loan is the stringent requirements and lender’s underwriting standards. It’s important to remember that every SBA lender has their own standards; at CPN Numbers, we help you find SBA loans for which your business qualifies.

Business Equipment Financing

An equipment loan allows you to free up working capital while buying or upgrading your equipment. Equipment loans can be used to finance or lease used or new equipment for your business to replace damaged business assets, boost efficiency and preserve your working capital for other areas of business.

Qualifying for an equipment loan can be as easy as having an equipment quote from a vendor and a business that has been open for at least 6 months.

Merchant Cash Advances

If your business accepts credit cards or you have some stream of receivables, a merchant cash advance can give you fast and easy access to capital. Cash advances are not loans: instead, they are an advance on the future revenues of your business. Merchant cash advances usually have higher interest rate than a business loan, but they can be a good option if your business is fairly new, you have credit problems, or you otherwise can’t qualify for a loan.

Do You Qualify for a Small Business Loan?

We make the application process as easy as possible to help you get the funding you need to meet your business goals. You can qualify for a business loan if you:

  • Have been in business for at least 6 months
  • Have monthly income of at least $5,000
  • Have sufficient proof of income such as bank statements or invoices
  • Collateral worth at least $5,000, when possible. This includes vehicles or equipment.

Non-banking lending solutions offer much-needed relief to business owners who are turned away by banks. While a traditional lender’s underwriting standards don’t give a full picture of your business’s strength, growth, and potential, alternative lenders can consider the bigger picture to get you approved for a loan.

Along with the easier qualifications with a non-banking small business loan, you can get funding in a matter of days rather than the months it takes to a bank. An alternative lender can provide your business with funding customized to your needs, including longer-term loans to invest in the growth of your business, flexible payment terms, and lines of credit to help you bridge gaps in cash flow.

Our Service Areas

CPN Numbers provides funding options to small business owners throughout Florida:

  • Easy small business loans Jacksonville
  • Easy small business loans Tampa
  • Easy small business loans Orlando
  • Easy small business loans West Palm Beach
  • Easy small business loans Tallahassee
  • Easy small business loans Clearwater
  • Easy small business loans Boca Raton

Being a small business owner is tough in today’s economy, but easy business loans make it easier to manage payroll, buy equipment, pay for inventory, expand, or just get access to working capital. At CPN Numbers, we take pride in helping business owners right business loans to fit their needs with help through the whole process from application review to funding.

Do you need help growing your business? Apply online today to get matched with a lender in our network who can help.