Commercial Mortgages and Hard Money Loans
Brighton has many sources from which to obtain a commercial mortgage or home equity loan secured with the owner’s personal residence, local community banks, national lenders, and hard money lenders. Lenders generally desire to know if a deal makes sense on a business level, attractive collateral, positive cash flow, and a reasonably operated business. Brighton has completed deals in situations where there was a bankruptcy, tax liens, judgments, and bad credit.
Working Capital Loans
Brighton has several lenders who can provide working capital loans secured with a lien on all company assets. If the entity qualifies, this loan can be completed in 3-4 weeks
Asset Based Lending and Equipment Finance
Brighton has lenders able to supply a loan/lease for purchase of new equipment or a loan based on the value of current equipment that is already owned. These loans are generally for 2-5 years with reasonable interest rates.
Accounts Receivable Loans
Brighton works with all industries that need an advance of cash against a good receivable. We work with many different lenders in this area that all have different strengths depending on the industry involved. You can obtain advances on selected invoices or all of them Rates can be as low as 1.15 % per month for monies advanced.
Unsecured Business Credit Lines/Term Loans
If an owner of an existing company or a start-up and has a 700 credit score or better, you can obtain a business line of credit secured only by a personal guaranty in 2-3 weeks. It will not impact the personal credit of the guarantor. The interest rates are competitive and a sum of $25-$100K can be obtained in this manner.
Purchase Order Financing
If you need financing to pay a manufacturer or importer for a sold order, Brighton can arrange financing to advance the funds necessary to have the manufacturer finish the order and ship the product to you or to a third party. This deal is always based on the strengths of the buyer and manufacturer.
BUSINESS AND ENTITY CONSULTING
Brighton has over 50 years of collective experience in making your business more efficient, reviewing your financial procedures and status, and working with you to set you on a plan of action to improve the stability and growth of your business. If your business has financial issues, needs assistance in dealing with creditors, and/or a variety of other issues, Brighton can assist you.
SBA Loans
Brighton has several lenders that provide SBA loans for both established businesses or start-ups. These programs sometimes require hard collateral and others can be unsecured depending on the size of the loan, business strength, and credit. The rates are very reasonable, and the term is generally seven years or more. These loans generally take 30-60 days to complete.
Cash Advance Products
Brighton has many lenders who are willing to supply a cash advance based on gross receipts received per month to an established business. A review of the entity bank statements will usually suggest how much cash can be advanced. The term of this loan is usually 4-18 months and although interest rates are generally higher but approvals and advances usually occur in 2-4 business days.