Andel Funding Solutions

🤔HOW DOES BUSINESS FUNDING WORK? THERE ARE MANY WAYS THAT A BUSINESS CAN GET FUNDING: 💵WORKING CAPITAL: Working capital is a fairly generic term meaning money that is used in day to day operations for a business. So a working Capital loan is meant to be used for normal day to day operations of the business such as payroll, expansion, inventory purchases and more. There are different types of working capital which differ based on their term. Whenever brokers or lenders use the term working capital they typically mean a loan that has a term less than 12months. 💰TERM LOANS A term loan is a type of working capital but whenever the word term loan is used it is typically meant to signify a loan that has a term of more than 12 months but less than 5 years. 💸LONG TERM FUNDING: Long term funding typically means loans that will be paid back in 5 years or more. Long term funding options have the strictest qualifications and are more similar to what a bank might offer. 💳BUSINESS LINE OF CREDIT: This is one of the most sought after funding options however it is also fairly strict with its requirements. A business line of credit is a mix between a credit card and a loan. A client can get approved for a $200k line and they may use as much of it as they want then as they pay back the line the amount they pay back becomes available again to borrow again. ⚙️EQUIPMENT FINANCING: Equipment financing helps with the purchase of equipment for a business, this typically means any equipment that is essential to the success of a business. This may include Titled equipment such as a truck or non titled equipment such as a backhoe. Equipment financing also comes in 2 variations which may be offered based on the qualifications of the client. 🏢REAL ESTATE FINANCING: Loans for investors looking to buy, rehab and hold rental properties, or BRRRR investing. Buy, renovate, rent, refinance, repeat! Finance all your BRRRR properties with a simple, fast process! CALL NOW @866-309-2335