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The vocabulary of a person, language, or branch of knowledge.

Limited Liability Company

A limited liability company, or LLC, is a company structure which subjects the owners and investors of the company to the rules and procedures outlined in the Operating Agreement.  LLCs are largely considered creatures of contract, and with exception, states will interpret the Operating Agreement as a contract entered into by the parties.  Investors and Owners in LLCs are considered "members" of the LLC, not shareholders.  The LLC can be managed by either the Members, in whole, or by a group of Managers elected to position by the Members. LLCs generally have one of three tax structures: Partnership, Corporation, and S Corporation.   

Line of Credit

A line of credit is generally an open-ended loan or loan-like option that allows you continuous access to a set amount of capital.  When you take some of the capital for use, you're charged interest on the amount of capital you use.

This can be advantageous in a number of ways; instead of waiting until you need a loan tomorrow, you can take the line of credit now, and use it as needed.  Of course, this works best if you pay it all back immediately – or as quickly as possible, in order to avoid interest.

Long Term Business Loan

When many business owners think of business loans, they think of a traditional 5-10 year term loan from their local bank.

In recent years, however, business loans have become an increasingly popular tool for business owners to quickly take advantage of opportunities and handle obstacles that may come their way.

For example, sometimes inventory is only available at a discount for a limited time, or marketing opportunities can be time sensitive. Sometimes, business owners just need breathing room while waiting for clients to pay. In these cases, getting a long-term business loan is often a better option to taking a loan with multi-year repayment – If you turn your inventory in 3 months, you don’t still want to be paying for that inventory in 3 years.

And, long-term financing typically has higher approval rates than long term bank loans.

We facilitate long-term small business loans with 19 to 36 month terms for $5,000-$500,000. We can also facilitate automatic daily payments to pay down your long-term small business loans principal faster in smaller daily payments, rather than one large amount at the end of the month when other bills come due.

long-term business loans can be helpful in building your business credit.  long-term loans are reported just like bank loans to the business credit bureaus.