At Benetrends, our conventional financing consists of fixed or variable rate financing options. Below are some of the popular conventional loans we offer:
Term Loans
- To purchase inventory, equipment or other large-ticket items that your business needs to grow
- Principal and interest payment due monthly
- Typical term of 7 to 10 years for larger capital purchases
Commercial Real Estate Mortgages
- To purchase, refinance, or improve owner-occupied, commercial and/or investment properties
- Secured by real estate
- 5-year term with up to 15-year amortization or straight 25-year term (no balloon)
Factoring
- Obtain up to 90% of your eligible A/R (instead of waiting 30 to 90 days to be paid)
- More efficient cash control — quick access to working capital needed for daily operations
- Factoring charges are offset by reductions in administrative costs
- Improve your balance sheet ratios — it is not a loan
- Fund expansion and growth
- No long-term contracts
Home Equity
- Home equity term loans allow you to utilize the equity in your home as collateral
- Convenient, one-time lump sum loan
- Ideal for financing start-ups, expansions, or business acquisitions
- Home equity line of credit (HELOC) is a revolving line of credit in which your home serves as collateral
