Small Business Lending Burbank
hen it comes to working with small to medium sized businesses to find unique funding solutions, there is no better team to turn to than the one at the Commercial Finance Group (CFG). Our senior management has over 250 years of industry experience combined and with over four decades of service as an established business, our company is equipped to help businesses across the nation with small business lending solutions. Burbank, California, is home to one of our offices, where you will find our team hard at work assisting clients both locally and abroad with everything they need to succeed at securing funding for their future.
Most businesses who come to us have reached what feels like the end of the line in regards to financing options for their business. Whether they have a highly leveraged business or an erratic cash flow, when businesses seek out our help they are looking for creative solutions to a seemingly impassable obstacle. The good news is that we have a proven track record of helping businesses who are looking for a new method of financing for their company’s needs. Read on to learn more about how our small business lending options can help you break the cycle of limited cash flow.
A Bridge To Bankability
Here at CFG, we like to consider ourselves your bridge to bankability. Whether you are a small business who is considered a startup and you can’t receive traditional funding from banks or you are a CPA looking to partner with us to help your own clients who are deemed “unbankable”, we work to bridge that gap between unbankable and bankability. We offer a unique approach to funding, providing solutions that work for real businesses in the real world. Our small business lending solutions are geared towards those who cannot access funding through traditional methods. We are by no means here to replace banking institutions, but rather we are here to work alongside these banks to provide a valid solution for businesses who need a new lending opportunity.
More About Who We Are
With an office based in Burbank, small business lending solutions from our company are offered to businesses across the nation. We are proud to serve companies in Canada as well. Our team is comprised of experienced industry leaders with an in-depth knowledge of working capital financing solutions. Founded in 1974, we work with an array of companies in the business-to-business sector. The companies we work with generally have annual revenues ranging anywhere from $250,000 to $40,000,000. Our working capital solutions include some of the following options:
- Accounts receivable financing
- Purchase order (PO) financing
- Factoring, including recourse, non-recourse, full-notification, and non-notification
- Complete A/R management programs
- Asset-based lending lines of credit
- And more
When you turn to the team at CFG for assistance with funding solutions, you can expect quality customer service paired with honest advice. We never try to sell our clients on the wrong funding. Rather, we work with our clients to only choose lending solutions that will meet their needs and set them on the right path for their future. If you want to learn more about our team and our company as a whole, we invite you to reach out anytime.
The Unique Small Business Lending Options We Provide
As a company that works towards finding the ideal small business lending solutions for clients who have been deemed unbankable, we provide an array of unique solutions that might be the perfect fit for your needs. If you are seeking a way to improve your cash flow, to grow your company with a new funding source, or to recover from a difficult financial time, the following solutions we offer might be the right fit.
Invoice Factoring: Improving Cash Flow
One method of funding that can be extremely successful for startups, companies with only a few years of business, or industries with erratic cash flows is factoring. Sometimes referred to as factoring loans, this method of funding is actually the purchase of an asset and is not a traditional loan. Invoice factoring involves a factoring company who purchases outstanding accounts receivable from the business seeking funding. The factoring company then takes over the accounts and is responsible for collecting on the invoices. In return, the business receives an immediate cash flow for a small fee — referred to as a discount. Discounts range anywhere from one to five percent of the invoice.
In order for factoring to be a successful funding option for your business, there are a few key things your company can do to improve the process.
With our team of financial experts in Burbank, factoring is one of the outstanding funding solutions we provide to small and medium sized businesses. While we have a physical office in Burbank, we provide our lending solutions across the entire nation. If you think factoring might be the ideal solution for your company, we would love to speak with you further.
Benefits Of Factoring
Asset-Based Financing: Leveraging What You Have
For some small businesses, an excellent option for new funding is found in asset-based financing. This form of funding is a method of leveraging what your company already has and monetizing those assets. Though it is often thought of as a method used solely by fledgling companies, it is actually an excellent funding choice for strong businesses who simply need an improved flexibility in financing their plans without restrictive financial covenants. Asset-based lending (ABL) is funding that is secured through the pledge of assets as collateral for money borrowed.
While assets can be anything from equipment to real estate, assets can also include accounts receivable. Asset-based loans are perfect for businesses that are past their initial startup phase and getting closer to bankability, but haven’t quite reached the point where they can opt for traditional funding methods. An asset-based loan can be utilized to pay expenses, make new investments, or other important business functions.
When a business applies for an asset-based loan the lender will assess the value of the assets in question and determine a borrowing base. This base — or the loan amount — will be a percentage of the market value of the assets used as collateral.
Similar in some ways to factoring, asset-based lending is usually a cheaper option than factoring. Asset-based lending also rids the need for a factoring company to be in contact with the business’ clients. Due to the requirements of asset-based loans, it is a more suitable choice for small to medium sized businesses that are better established than those who might only qualify for factoring. When you reach out to our team, we can help you determine which of these options is ideal for your company.
Industries We Partner With
Here at the Commercial Finance Group in Burbank, our small business lending services are not only the perfect fit for companies with which we directly work, they are also an accessible service for industries with which we partner. Whether you are located here in sunny California or you are headquartered across the nation, we can work with you to provide the funding solutions your clients need. We take pride in the great partnerships we build with industry leaders who need help creating a bridge to bankability for their clients. We recognize that you have already constructed a relationship with your clients and that they trust your advice and guidance immensely. We are here to fill in the gap and provide you with the resources you need to help your clients. Our team is not here to replace banking institutions — in fact, some of our partnerships are with banks — but rather, we are here to assist you with helping your clients reach the point where they can achieve bankability.
We work across a variety of industry lines, including some of the following:
- Banking institutions
- CPAs
- Financial advisors
- Supply chain providers
When you partner with our team, we will assist you in helping your clients’ businesses grow. We will adapt to the specific needs of your client and work alongside you to find them the funding solution they need. From invoice factoring to asset-based lending, our team is equipped to aid you in building a path to a brighter future for your clients. Partnering with us allows you to retain the outstanding client relationships you have built, while accessing improved resources and options. If you are interested in a partnership with our team, we invite you to reach out and talk to us about how our partnership system works.
How Our Process Works
If you decide that you would like to work with our team on finding the right funding solution for your small to medium sized business — or perhaps you are working on behalf of your client — you might have questions about how our process works. As a company focused on unique small business funding solutions in Burbank and across the entire United States, we believe every relationship should start out with an in-depth understanding of the business in question. The following are the steps we will walk you through when you choose our company for your funding needs.
Are you interested in working with our team at the Commercial Finance Group? With an office in Burbank, our asset-based lending and factoring services are provided both locally and across the nation. In fact, our services even extend to Canadian businesses. Please reach out today to learn more about how our funding solutions might be the right fit for your business’ needs. We look forward to working with you and becoming the bridge you need to get your business back on track and to spur the growth you need to sustain a successful future.
