Customized financing to consolidate high-interest debt or fund major purchases or expenses.
WAYS TO USE YOUR LOAN
Tailored commercial financing that supports all your business needs to help you grow quickly.
Tailored for entrepreneurs that want to establish additional active and passive income streams.
Customized financing to consolidate high-interest debt or fund major purchases or expenses.
July 30, 2024
Lenders typically assess factors such as the company's creditworthiness, financial performance, cash flow projections, collateral (if applicable), and the purpose of the loan.
Debt financing is suitable when a business needs capital for specific projects (such as expansion or equipment purchase), has predictable cash flow to service debt, and wants to retain ownership and control.
Businesses should evaluate their ability to service debt, understand the total cost of borrowing (including interest and fees), and assess the impact on cash flow and overall financial health.
Strategies include maintaining a diversified funding strategy, monitoring cash flow closely, having contingency plans for economic downturns, and negotiating favorable terms with lenders.
Yes, depending on the terms and purpose of the loan, debt financing can be structured for short-term needs (like working capital) or long-term investments (like infrastructure or technology upgrades).
Not all solutions, loan amounts, rates or terms are available in all states.
1 Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile.
2 BHG Financial business loans typically range from $20,000 to $250,000; however, well-qualified borrowers may be eligible for business loans up to $500,000.
Business Loan Repayment Example: A $94,695 commercial loan with a 9-year term and an APR of 14.8% would require monthly payments of $1,633.
No application fees, commitment, or impact on personal credit to estimate your payment.
For California Residents: BHG Financial loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.
* “CFP® PROFESSIONAL DEMOGRAPHICS.” CFP Board, https://www.cfp.net/knowledge/reports-and-statistics/professional-demographics. Accessed May 14, 2024
** “Occupational Employment and Wages, May 2023 13-2052 Personal Financial Advisors.” CFP Board, https://www.bls.gov/oes/current/oes132052.htm. Accessed May 14, 2024