Loan
Like all small businesses, Llama Loan was founded on passion, persistence and imagination. We love entrepreneurs and want to see them prosper in an economy that favors big corporations.
Llama Loan focuses on long term partnerships with our clients. With our financial resources and technology, we strive to empower business owners to make the best financial decisions and grow their businesses.
A merchant cash advance (MCA) is a unique funding option for small businesses that have a strong history of card sales. It works by using your card sales as collateral for your financing, in which a predetermined amount of your daily card sales are paid to the financier. If your business needs funding quickly, a merchant cash advance can be a great option worth considering.
A business line of credit is a flexible and variable financing method that works similarly to how a credit card would work. Instead of receiving a massive lump sum of cash upfront and paying interest on the entire amount, you can choose the exact amount you need within the maximum draw limit granted to you. You’ll only pay interest on the amount you draw, which can save your business money over the long run. A business line of credit is also one of the faster financing options you can find.
An SBA loan is a unique loan option that’s backed by the United States government through the Small Business Administration. You can receive up to $5 million in funding that’s paid over a maximum of 25 years, depending on your business. This type of loan features favorable rates and terms as well as a more lenient approval process that grants some businesses eligibility that they may otherwise not be granted.
A business term loan is a more traditional funding avenue in which your business will receive a lump sum of cash in exchange for monthly payments. These loans can offer up to $500,000 in financing that’s payable over five years, depending on your business. Rates and terms will vary from lender to lender, but in general, they tend to be modest and similar to conventional loan offerings.
Equipment financing is a more distinctive financing option for businesses seeking funding for equipment, vehicles, or other large purchases. This financing works by using the equipment as collateral for the loan, which grants more flexibility in the loan approval process. Because of its self-collateralizing nature, equipment financing often features favorable rates and terms when compared to traditional loan offerings.
Invoice factoring is another unique type of financing that uses your business's outstanding invoices as collateral for your funding. Depending on the amount of outstanding invoices you have, you can advance a large portion of them to get cash quickly for your business. The terms and rates on financing can be favorable depending on your customers' reputation and creditworthiness making it a great option for some businesses to consider.
