Metro Business Solutions and Finance Corp is a U.S based finance company that deals with different types of loans. They deal with both secured and unsecured loans. Irrespective of the type of loan that you are looking for they try to give you the best offers on the loans. They get your loan application approved by one of their lending partners. Be it Small Business Administration loan or a Commercial loan, with them the process of getting a loan is extremely easy and hassle-free. Their vision is to assist more and more people to get their loans instantly approved.
They are well-known as SBA loans broker in New Jersey. When u apply for an SBA loan the SBA participates by guaranteeing a portion of the loan amount. This helps the small business get the loan which it may otherwise have not been qualified for. The guarantee from a government agency enables the business to qualify for the loan. The SBA acts as a loan broker based on factors such as how the company earns its revenue, the background of its owners, and also where the business operates.
SBA loans broker in New Jersey
The 7(a) Loan Program is SBA’s most common loan program. SBA loans broker in New Jersey and SBA Loans broker in New York offer nine different types of 7(a) loans. Therefore each business may find that one 7(a) loan is better suited for it than another
Some basic factors that qualify you for a loan are:
Your business must have fewer than 500 employees.
Your yearly revenue must have been less than $7.5 million on average for the last three years.
Your net income must be under $5 million (after taxes and not counting carry-over losses),
your tangible net worth must be less than $15 million.
The different types of SBA 7(a) loans are: Standard 7(a),7(a) small loans, SBA Express, Export Express, Export Working Capital, International trade, Veteran’s advantage, and CAPlines.
The term Commercial loans is a generic name used for various types of loans used for business purposes.
Top Commercial Loan Brokers in New Jersey
MBS & Finance Corp operates in New York, Edison, and New Jersey. It is one of the Top commercial loan brokers in New Jersey.
Some of the uses for a Commercial loan are typically as follows:
Commercial loans are generally used to fund large capital purchases or to finance operational costs that are associated with business expansion or acquisitions. Commercial financing can be used in a variety of ways and is increasingly classified as general-purpose loans.
Operational expenses (also known as OpEx) are associated with ongoing costs a company pays to operate its core business activities.
Capital expenditures (also known as CapEx) are funds used by companies to acquire, upgrade and maintain physical assets. Common capital expenditures may include the purchase of new equipment, upgrading business technology, facilities and inventory, and of course, real estate.