Silverland Advances in Carlsbad, New Mexico answers common questions about applying for funding, equipment financing and merchant cash advances. Funding partners make every credit decision.
Where to Apply for a Small Business Loan When an Eddy County, NM Station Needs a Fuel Load
A station needing a fuel load has three places to apply: its bank or credit union, the fuel supplier's own credit terms, and funding partners reached through a service like Silverland. Supplier terms are worth asking about first, since they tie the credit to the fuel itself. A bank may offer a line to an established customer. A funding partner can review a line or working capital request on the station's statements.
Gas station loans walks a station through fuel loads, coolers and buying a store.
Is Equipment Financing Debt? Checking the Fit for a Carlsbad, NM Restaurant
Yes, equipment financing is debt when it is a loan: the business owes the balance and repays it in installments, and it appears as a liability. A finance lease is also recorded as an obligation in most cases. For a restaurant, that debt is tied to an asset, the griddle or oven, which can be sold if needed.
Is Equipment Financing a Loan? What a Carlsbad, NM Clinic Buying Digital X-Ray Should Know
With an equipment loan, the machine being bought is what secures the debt. A lease is a separate contract in which the lessor owns the machine and the business pays to use it. For a clinic buying a digital X-ray system, a loan means owning the unit from the start; a lease may suit a practice that plans to upgrade when the technology changes.
The equipment financing page weighs loan against lease for one machine.
Is a Merchant Cash Advance Good? Weighing It as an Eddy County, NM Motel
Whether an advance is good for a motel depends on its card volume and the total cost. With steady card settlements, an advance can be collected without fixed installments. The cost in dollars is set at the start and can be high compared with a loan, so compare the total collected with what a term loan or line would cost for the same amount.
Is a Merchant Cash Advance a Loan? What Carlsbad, NM Auto Repair Shops Ask First
No. This kind of advance is not a loan: a provider buys part of the shop's future card receipts and collects them from sales. There is no interest rate, and the agreement states a total to be collected and a holdback percentage.
The advance page runs an invented repair shop advance from start to finish.
Can a Carlsbad, NM Retail Store Take a Merchant Cash Advance Against Card Sales?
Yes, a retail store with card sales can take a merchant cash advance from a provider. A provider weighs how much the store runs through cards each month and how even that volume is. A store with a seasonal pattern may find collections slow in quiet months, which keeps the advance open longer.
Business loans for retail compares advances with inventory loans and lines.
By Silverland Advances · Updated
