Starting a business is the American dream. You can make your own hours, be the master of your own destiny, and work to make yourself wealthier, not someone else. People with that entrepreneurial spirit spend most of their working adult life either living that dream or working to reach that dream. Yet, the economy and the way in which the world operates on a financial level no longer supports that dream as it once did. That is why specialty financial institutions have become a resource to the dreaming one-day-business-owner to aid in helping that dream become a reality. ARF Financial is this type of institution, aimed to help your business dreams become a reality.
The Products
ARF Financial helps small business trying to succeed. With the products they offer, you will be able to see firsthand how ARF Financial understands their clients and their needs. ARF Financial offers loans to those who seek funding for restaurant capital, hotels, and automotive repair service shops, just to name a few.
For those business owners ready to take the next step, but find it daunting financially and emotionally, ARF Financial can help. Products such as the Flex Pay Loan, where the borrower can defer 25% of the principal to a later time, are perfect for people who need low payment options. ARF Financial also offers working capital loans and mezzanine loans where the business owner can borrow money to take advantage of a growth opportunity today, as opposed to waiting for the money to be available at a later date.
Another option to take advantage of are called bridge loans. These loans allow for you to borrow money to bridge the gap until additional funds to become available. This is perfect for the down payment on a new property or an advanced piece of machinery needed to expand.
While loans are always helpful, ARF Financial understands the importance of being prepared for the worst. The lines of credit available to borrowers who need revolving capital are unmatched in every way. As opposed to a merchant cash advance, a line of credit’s payments does not increase as your revenues grow. It is a steady stream of available funds that allow up to five drafts every four months. This is perfect for those unexpected delays in payment or higher than average bills that come through the door.
The key is to understand the benefits of a loan over the cash advance option so many businesses choose to take. Cash advances are never transparent. Because they are considered alternative funding, they yield a higher risk to the borrower. As your revenue grows, your payments grow. More importantly, it is linked directly to your merchant account, and payments are taken based on a percentage of your overall credit card receipts. There is little opportunity for budgeting to make easy payments. Loans, on the other hand, include a fixed repayment agreement which is completely transparent from the onset of acceptance of the loan. It makes budgeting and planning much easier and eliminates the fear associated with growth.
The ARF Financial Difference
Aside from the flexible options available to ARF Financial customers, there are several benefits to working with ARF Financial. First, they focus on growing your business, not their own. They believe in the relationship a person has with their lender and its importance of establishing good will and good business practices.
Part of this commitment to the customer includes a zero collateral policy for most products under $725,000. ARF Financial knows this is usually the threshold for most clients where they are no longer borrowing simply working capital for a project. As a result, this number is typically a comfortable zone for both the client and ARF Financial.
Another benefit is the bad credit loan. ARF Financial knows that businesses have ups and downs. Their credit, especially through the onset, may suffer while the business owner is getting into the process and gaining a following. Therefore, they believe that bad credit should never prevent a business owner from moving forward and growing, especially when that bad credit is not an ongoing pattern.
As for the process, ARF Financial knows the urgency most business owners have for having working capital and equity. The process to borrow from ARF Financial is very simple for even the most novice professional. It is a streamlined process with little paperwork that allows for a fast approval process. Most products take only a matter of days to approve, unlike the weeks many banks use to process an application. Once the approval is complete, money transfers hands almost immediately.
Finally, ARF Financial works with your standard bank to help make every part of the process easy and accessible to the borrower. Payments can be made easily, and the money comes from a well-recognized accredited bank, not a third rate lender.
Affording Your Loan
Once you have decided to take a loan for your business, it is important to ensure you can repay your loan. Using a loan calculator will aid is deciding the type of loan you can actually afford and get you on your way to an expanded business model. It is a great opportunity for growth without putting too much at risk. When you are ready to learn more about the best loan options for you, contact the experts at ARF Financial at 866.702.4430.
