Small Business Loans in Nevada

• Business Line of Credit Nevada

A business line of credit work a lot like credit cards. With this type of small business financing, lenders give you a credit limit, and you can withdraw funds from it as needed. You only need to repay the money you've drawn, plus interest. The amount of your credit limit is based on your credit score, revenue, and other financial factors.

A business line of credit is revolving, so you can access your full credit line once you've repaid the money used without reapplying.

• SBA Loans in Nevada

The Small Business Administration offers SBA loans to help small business owners access flexible funding. There are over 10 SBA loan programs, including 7(a) loans (up to $5 million) and microloans (up to $50,000).

The Small Business Administration guarantees a portion of the loan, but they aren't the ones handing out the money to small businesses. Instead, the Small Business Administration works with SBA-accredited lenders.

• Asset-Based Lending in Nevada

Asset-based loans mainly rely on your business' assets rather than credit and cash flow. You can use the following assets as collateral: inventory, accounts receivable, machinery, real estate, purchase orders, and more.

It's easier to qualify for asset-based lending since the collateral lowers the lender's risk. Some lenders can offer 75% to 85% of the asset's value in funding.

• Factoring for Nevada Businesses

Invoice factoring allows small businesses to sell outstanding invoices to lenders in exchange for upfront cash. You'll typically receive 85% to 97% of the total invoice value. Once your customers pay their invoices, you'll get the remaining percentage minus a small fee.

This financing option is best for companies with slow-paying customers or those offering net term payments.

• Business Term Loan Nevada

Business term loans are a classic financing option where you can receive a lump sum of money repaid (plus interest) in fixed installments within a specified period.

It's a great long term financing solution for businesses that require a predetermined amount of funding. The monthly repayment terms usually last for two to five years, but some can go as long as 25 years.

• Business Equipment Financing Nevada

Equipment financing in Nevada is a crucial resource for businesses. This loan option provides financial resources to purchase or lease much-needed equipment for your business.

There are two types of equipment financing: equipment loans and equipment leases. Equipment loans are structured like term loans, where you purchase the equipment and repay the loan in fixed monthly payments. On the flip side, equipment leasing is similar to renting. You pay to use the equipment, and once the lease is over, you can either cancel the contract, continue it, or purchase it.

• Purchase Order Financing Nevada

Purchase order financing leverages purchase orders to advance cash to fulfill large orders.

The PO financing company will pay your suppliers directly so that they can immediately manufacture and deliver the goods to your customers. Upon receiving the products, your customers will pay their dues to the PO financing company. They will send the payment over to you, minus a small fee.

PO financing only applies to businesses that sell completed products - not services or materials.

• Inventory Financing Nevada

Inventory financing for Nevada businesses allows borrowers to use their inventory as collateral in exchange for immediate funding. However, keep in mind that lenders may repossess your products in case of a default. Borrowers can typically receive up to 80% of their inventory's appraised value.

Wholesalers, retailers, and seasonal businesses benefit the most from inventory financing. The funds can help you prepare for sales fluctuations and allows you to stock up for busier seasons.