Use National’s business loan calculator to calculate how much you can afford to borrow, and find the best financing solution for your needs. Select between business line of credit, commercial mortgage financing, equipment loan, and SBA loan calculators, depending on the program you’re seeking. The loan terms you’re approved for may affect this as well.
There’s no one-size-fits-all approach to business financing. Each business has its own unique financial situations, goals, and concerns. Are you using the funding to boost cash flow, or pursue a new opportunity? How much can your business afford to borrow?
Before signing on the dotted line and agreeing to a loan, you need to consider how much you will repay. However, depending on how you’re using your business funding, your current revenue may not be the best number to base this on. If funding will help you drive new revenue right away, then be sure to include the estimated increase in your revenue.
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A business line of credit gives you immediate access to cash-on-hand whenever you need it. You also have the ability to draw more cash at a later date. You will only pay interest on what you use. This protects you from overpaying and overborrowing, while also lowering the cost of capital. It’s a great option when a credit card simply won’t cut it.
The business lines of credit offered through National also have revolving terms. This means funding will become available again as you pay the initial amount down.
For this reason, a revolving business line of credit is different from a small business loan. You aren’t obligated to use (or pay interest on) all the funds you borrow. Instead, you have the freedom to withdraw cash as you need it from your line of credit, or use it all at once—the choice is yours! Any funds that you are not using will always remain available for you to use in your credit line. Use our business line of credit calculator to find a credit line with terms that best match your business needs, and discover the convenience and flexibility of a true revolving business line of credit!
Looking for the fastest, easiest way to purchase, expand or refinance your building? National can help you obtain the best commercial mortgage loan in the marketplace to make it happen. Use our commercial mortgage loan calculator to determine the loan amount, term length and interest rate that works best for you and your business!
Obtaining new commercial real estate or expanding an existing building is an exciting time in the life of every business. In addition to growing your business, obtaining new commercial property also gives you a new asset, separate from your business, as you start building equity.
However, high costs often make these payments difficult for business owners to make themselves. Fortunately, commercial mortgage financing from National offers highly competitive rates, long terms and large amounts. This commercial loan will make financing your commercial property easier, while protecting your business from operational hold-ups due to self-funding.
We offer equipment financing for businesses of all sizes, for every industry, with funding typically provided within 48 hours. Use our equipment loan calculator to find the amounts, rates and term lengths you need to finance your new equipment, and grow your business.
When a business needs new, upgraded or replacement equipment in order to grow, speed and convenience should always be a top priority. From heavy construction or manufacturing equipment, to industry-leading medical equipment, and office computers and fax machines, National can help you get the equipment loan you need with less paperwork, and faster access to funds than anywhere else.
Additionally, using an equipment loan to finance your new equipment may give you tax benefits once tax season rolls around. This can save you upwards of thousands on interest costs!
SBA loans are one of the most popular financing options among small business owners in the US, for many reasons. These include low prime rates, long terms, large amounts and a government guarantee. There are several SBA programs you may apply for, including 7a, 504 loans, and more.
However, with these benefits come several challenges. From lengthy wait times (upwards of 4+ months), to the miles of red tape, complicated paperwork, and extreme approval qualifications, getting an approval can be difficult. You may also be asked to pay an SBA guarantee fee, which could be paid upfront or in SBA loan payments.
Generally, you’ll need stellar credit and a spotless financial history. Many business owners don’t make the cut, resulting in countless rejections. This makes SBA loans one of the most difficult funding options for small business owners to obtain and utilize effectively.
Fortunately, National found a way to streamline and expedite the SBA funding process. National’s exclusive Hybridge™ SBA Loan program has revolutionized the SBA funding process to provide simplified approval (over 90%+ of small business owners get approved), reduced paperwork, and expedited SBA funding—with the inclusion of an immediate capital injection within 24 hours.
You can use this immediate funding to tide your business over until you receive your expedited SBA funds, in as little as 45 days. Once you receive your SBA loan, you can use it to pay off whatever funds you haven’t used from your fast small business loan, lowering your cost of capital in the long term.