A Depth Of Experience In Small Business Financing
Big Green Investments, LLC provides working capital to small and mid-sized companies across the United States.
Our team brings a personalized approach to an industry that has become transactional. We believe that every business owner has a story to tell. Our dedicated funding advisors are here to listen and understand why each client is seeking funding.
When you work with Big Green Investments, LLC, you can expect a great experience and a long term relationship that can help take your business to the next level.
Leading the way in business
transformation
Kevin Case
President at Big Green Investments, LLC Corporation
Rebecca Lete
Finance Controller @ Big Green Investments, LLC Corporation
Brown Edward Philips
Loan Manager at Big Green Investments, LLC Corporation
Business loans are financial instruments designed to provide funding to businesses for various purposes, such as expansion, working capital, or purchasing assets. They work by lending a specific amount of money to a business with an agreed-upon interest rate and repayment terms. The borrower is then expected to repay the loan over a predetermined period.
Various types of businesses can qualify for business loans, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and startups. Qualification criteria may vary depending on the lender and the type of loan.
Business loans can be used for a wide range of purposes, including:
- Working capital: Covering day-to-day operational expenses.
- Expansion: Opening new locations or entering new markets.
- Equipment purchase: Buying machinery, vehicles, or technology.
- Inventory financing: Ensuring sufficient stock for demand.
- Debt consolidation: Paying off existing business debts.
Lenders typically assess factors such as the borrower's creditworthiness, business plan, cash flow, collateral (if applicable), industry, and the purpose of the loan. Each lender may have its own set of criteria.
Yes, there are various types of business loans, including term loans, lines of credit, SBA loans, equipment financing, invoice factoring, and merchant cash advances. The choice depends on the specific needs of the business.
To improve your chances of approval, work on improving your credit score, develop a comprehensive business plan, maintain strong financial records, and have a clear purpose for the loan. Collateral or a co-signer may also help.
Interest rates for business loans vary widely depending on factors such as the type of loan, the lender, the borrower's creditworthiness, and current market conditions. Rates can range from relatively low for secured loans to higher rates for unsecured or riskier loans.
The time it takes to receive funds can vary significantly. Some online lenders may provide funding within a few days, while traditional banks may take several weeks. It depends on the complexity of the application and the lender's processes.
If you're unable to make timely payments, it's crucial to communicate with your lender. They may offer solutions such as extending the loan term, modifying the repayment schedule, or restructuring the debt. Failure to repay can result in penalties, damage to your credit score, and legal action in severe cases.
Yes, there are government-backed programs like Small Business Administration (SBA) loans, and various grants at the federal, state, and local levels that provide financial assistance to eligible businesses. These programs have specific eligibility criteria and application processes.
Please note that these answers provide general information, and the terms and conditions of business loans can vary widely depending on the lender and the specific circumstances of each loan application. It's advisable to consult with financial experts and lenders for personalized guidance regarding your business financing needs.