In today's market, taking on new debt to grow your business can prove challenging regardless of the reason behind it - expansion to new locations, buying or leasing new equipment, or increasing inventory to take on new orders.
But, when the opportunity presents itself, it is important for business owners and entrereneurs to understand the financial options available to them, the risks inherent with each, and the basic loan terms, payment options and interest rates they can expect to receive.
Yesterday, the Wall Street Journal covered this topic and published an interesting story on the various financing options available to small businesses, including Business Lines of Credit, Microloans, SBA Loans, and Bank Loans. The article provides a high-level overview of these financial products.
For Tennessee businesses, there are more options available to you through Pathway Lending. As an certified economic development lender, Pathway Lending provides financial products across several of these categories, often with added flexiblity to you, the borrower. Our organization has the ability to think creatively and add value when assessing loan requests. Our staff consults with small business owners, reviews their financial positions and the opportunities that lay ahead of them, and determines abilitiy to take on new debt.
Pathway Lending's loan products include options for building or land purchases, financing purchase orders, and expansion capital. See the attached doucment for more information regarding our small business loans. Or visit our website www.pathwaylending.org
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