SBA Loans
Grand Gate Capital is a lending partner for SBA Loans. The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.
Benefits of SBA-guaranteed loans
- Competitive terms: SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
- Counseling and education: Some loans come with continued support to help you start and run your business.
- Unique benefits: Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Business Loans
Business loans allow us to give you a low fixed APR and longer payback periods for up to 24-36 months. Business loans are ideal for renovations, a down payment for opening a new location and buying inventory. A business loan presents you with a one-time lump sum, you will owe interest on the total amount from a business loan.
Advantages of Business Loans
- You receive 100% of a fixed amount immediately and you control it 100%
- You have fixed payments with lower APR over a longer duration
Equipment Financing & Leasing
For a business, purchasing equipment often can be one of its largest expenses. According to the SBA, approximately 80% of all US companies are currently leasing equipment for use in their business. Equipment Leasing helps you relieve the strain on your resources that comes with a large, one-time expense.
Equipment leasing allows for less upfront cost for equipment purchases and greater flexibility than other financing options. With our simple application process we help businesses get the equipment they need in as little as 48 hours. Grand Gate Capital can get your business up to $3 Million in financing for new or pre-owned equipment. Platform Funding can help almost any industry (i.e. Construction, Healthcare, Transportation or the Service Industry)
We’re able to help you secure: New or Pre-Owned Commercial vehicles, New or Pre-Owned Equipment, Remodel or update your location, Upgrade your technology and/or software.
Hard Money Loans / Bridge Loans
In today’s world, commercial mortgage brokers often employ a financing tool referred to as a hard money loan. Hard money loans, also known as bridge loans, are short-term funding solutions for commercial or investment properties. The money doesn’t come from banks or other traditional lenders but rather people or private companies that accept real property as collateral.
One of hard money’s main benefits is the speed with which a loan can be approved and funded. In many circumstances, hard money loans can be approved in as little as a couple weeks — and sometimes even faster. The hard money lender will consider the cash-flow ability of the property, the amount of equity the borrower will have in the property, and the borrower’s prior experience.
The lender will also consider the borrower’s exit strategy and whether they have sufficient cash reserves to make on-time loan payments each month. Providing that everything in these categories checks out, they are likely to approve the loan request.