Boldmont Lending, a small-business funding service in Urbana, Illinois, publishes longer articles for Champaign County, IL owners: whether a liquor license can be financed, how to get restaurant financing, business loans for IT companies, and financing a car lift for a repair shop. Each article links to the industry page it draws on.
How long does underwriting take for a commercial loan in Urbana, IL?
Underwriting time depends on the partner and on how complete the file is. A bar purchase that includes a liquor permit adds steps outside the partner's control. Read: can you finance a liquor license for an Urbana, IL bar?
How to get a business loan with no money
A business with little cash on hand can still request funding against its deposits; a restaurant remodel or purchase is where the question of cash in is sharpest. Read: how to get financing for a restaurant in Urbana, IL
Working capital term loan vs cash credit: what Urbana, IL owners should know
"Cash credit" is the term used in some countries for a revolving working capital line; in the US the closest match is a business line of credit. IT firms weigh the two against contract revenue. Read: business loans for IT companies in Urbana, IL
Small business loan vs line of credit in Urbana, IL
A lift is a one-time purchase, so it suits equipment financing or a loan rather than a line. Read: automotive lift financing for Urbana, IL repair shops
By Boldmont Lending · Updated