Finance it Forward helps to ride out the storm
How to apply for business loans during the coronavirus pandemic. Equipment financing. Support for businesses facing hardship as a result of COVID-19. We want you to know you’re not alone in this.
The safety measures required by the coronavirus pandemic have had a huge impact on businesses around the world. Many have been forced to close or are dealing with a major decline in revenue. Although the closures are only temporary, it’s unknown how long before states will lift restrictions, allowing businesses to open their doors again. This situation has created a devastating financial situation and if your business has suffered during this crisis, you may want to consider taking the following additional financial help for equipment financing.
About 70% of small business owners have tried to apply for the Paycheck Protection Program, which offers forgivable loans, according to a survey by the National Federation of Independent Business. So, a business loan is what a business needs now to stay afloat during a pandemic.
Equipment financing solutions that help
With Finance it Forward business owners can get fast and easy business equipment financing and lease with low monthly payments and great rates. Finance it Forward is the most innovative funding solutions for equipment financing that aims to provide an accessible, intuitive, functional and efficient, and safe financial exchange platform for finance companies, equipment sellers, and businesses also during a pandemic. As a result, your business can address immediate needs while pressing on with long-term transformation efforts.
We match you with the best option most likely to fund your loan. Which means you can get the amount you need when you need it.
When time is of the essence
When your business is experiencing cash flow issues – you need a cash flow loan. A cash flow loan is a term loan that doesn’t require any business or personal assets to be given as collateral. That’s amortized for a relatively short duration, ranging from four to eight years. Usually, grant the loan based on projections against the money you expect to receive in the future. A lender will make the decision also based on your past performance.
The most flexibility
Business needs to be able to adapt to change, especially during a pandemic. Business Line of Credit – is the perfect financial solution when you need ready access to cash and flexible terms for repaying borrowed funds. As a result, a business line of credit provides access to funds your company can use whenever you need more working capital.
Term loans – installments loans
Business term loans – a lump sum of capital that you pay back with regular repayments at a fixed interest rate. This type of loan is used for long term investments, including equipment, debt refinancing, and commercial real-estate. Term loan: term and interest rate depend on the type of loan product chosen by the business.
A specific type of business loans
Purchasing equipment to meet your business needs takes away needed working capital, whether you are a start-up or established company. At Finance it Forward platform, equipment financing lets you finance up to 100% of the cost for your business. Equipment loans or equipment financing often have low rates and long terms that make them ideal for business equipment purchases.
At Finance it Forward an enormous number of variations on equipment financing that cater to specific types of businesses and equipment. Important: the equipment you buy does double duty as the reason and the collateral for the loan, these loans can be easier to get than other types of loans.
Equipment Financing programs confidence higher during COVID-19. It is an ideal solution for funding business equipment purchases, that often come with affordable rates, flexible terms, and fast funding times.
With a custom-tailored approach to your unique business, we deliver the equipment financing you need. At Finance it Forward platform you will find the lowest rates on equipment financing. As a result, you will modernize your equipment and free up working capital.
This is a challenging time, and while the news is constantly changing, one thing will remain the same: Finance it Forward mission to provide you with superior service.
To get you quick approval on virtually any type of equipment apply now. After that, the platform will find the best option that’s best for you.
Together, we’ll stay resilient and move forward.