Get Quote Now

Business Loans Los Angeles

Find the Lowest Interest Rates for Small Business Loans in Los Angeles

7,500+

Small Business Customers

375 Million+

in Funded Capital

A+

Rating from the BBB

4.8/5

Google Reviews

Accessible funding and cash flow options are a necessity for business owners throughout Los Angeles. With such a congested market, business owners in LA have a lot of difficulties with traditional loan routes. To receive the funding, they need to keep their business objectives on track; companies need alternative loan solutions that they can trust. AdvancePoint Capital offers business loans and short-term cash flow options that keep operations afloat.

Traditional financing from banks can be a time consuming and often times disappointing route. With tons of paperwork and strict credit requirements — many business owners find themselves getting turned down and wasting valuable time in the process. Don’t worry; we have a wide variety of financing options that fit your business needs and can help you reach your goals.

Apply For Your AdvancePoint Loan Today!

How To Qualify For a Business Loan

Qualifying for a business loan requires a few main ingredients. There are essentially three components that a business owner should focus on that can have a significant impact on whether or not they’ll qualify for a loan or advance. While all three are important, some may be more or less relevant to a particular loan option.

  • Credit score
  • How you have been in business
  • Financial statements such as business bank statements, profit and loss statements, or business and personal tax returns

Business Term Loan

Businesses throughout Los Angeles can utilize business term loans, especially if they’re looking for a financing solution that resembles a traditional bank loan. With a fixed amount of upfront capital at a fixed cost, you have a good idea of what you’re getting yourself into. Business term loans also have fixed terms with fixed payments too.

  • $10,000 – $1,000,000
  • All credit types are considered
  • Fast processing time
  • 1-5 year repayment plan

Learn More About
Business Term Loans

Learn More

Business Line of Credit

Similarly to a business credit card, a business line of credit allows a business owner to take money from their line up to the credit limit when they need it most. Then, you’re obligated to pay interest on your outstanding balance.

  • $10,000 to $1,000,000
  • Credit scores above 500
  • Speedy processing time
  • Revolving repayment

Learn More About
Business Line of Credit

Learn More

Short Term Business Loan

A short term business loan is perfect for businesses with financial roadblocks like poor credit or short time in business. The term length for this type of loan is around 6-18 months.

  • $10,000 – $1,000,000
  • Substandard, Mid-Prime, to Subprime credit scores, are considered
  • Processed in as little as one day 
  • 6-18 month repayment

Learn More About
Short Term Business Loans

Learn More

Merchant Cash Advance

Businesses that rely on credit card and debit card sales for their revenue can utilize a merchant cash advance for quick cash flow. It’s a flexible solution that allows you to repay your advance with future sales by leveraging monthly cash flow.

  • $10,000 to $1,000,000
  • Poor credit considered
  • Processed in as little as 24 hours
  • Flexible repayment options

Learn More About
Merchant Cash Advance

Learn More

Equipment Financing

Los Angeles businesses that require heavy machinery or expensive equipment for their operation can use future equipment purchases as collateral for funding today.

  • $10,000 to $1,000,000
  • All credit types considered
  • Processed in as little as 2 days
  • 1-5 year repayment

Learn More About
Equipment Loans

Learn More

SBA Loans

The SBA (Small Business Administration) offers guidelines, programs, and loan guarantees to lenders that mitigate the risk associated with lending to businesses in Los Angeles. These loans can be a great way to increase your chance of approval through decreased risk to lenders.

  • $10,000 to $1,000,000
  • Strong personal credit considered
  • Processed in as little as two days
  • Revolving repayment

Learn More About
Small Business Administration (SBA) Loans

Learn More

Invoice Financing

If your businesses have a ton of outstanding invoices, but you need cash flow today — invoice financing can be a great way to get the funding you need. Leverage outstanding invoices for quick advances that can be your saving graces for working capital.

  • $10,000 to $1,000,000
  • All credit types considered
  • Processed in as little as two days
  • Revolving repayment

Learn More About
Invoice Factoring

Learn More

Business Cash Advance for Businesses in Seattle

Business cash advances (BCAs) are also known as a purchase of future sales agreement, advancing future sales at a discount to Seattle businesses. The business is responsible for paying back a fixed payback known as a specified amount, which is higher than the amount that was advanced to the company. This difference between the advance amount and the payback amount is called the “factor rate or cost,” which is a fixed cost. These are not principal & interest costs.

The advance is repaid by taking a fixed percentage of future overall deposits called the specified percentage. The payments are collected by an ACH fixed daily or weekly payment deducted from a business account based on the specified percentage of future sales. At the end of every month, reconciliation can occur. Suppose the fixed payments taken out of the bank account monthly are more than the set future percentage of monthly sales. In that case, the company can request a refund to the business for overpayment so that the set specified percentage of sales collected for the business matches the revenue volumes. Repayment continues until the payback amount is paid back in full.

There is no time limit with advances as the fixed payback percentage is everchanging due to fluctuating revenue. This product is popular with businesses that can not get a bank loan and is a fast way to get funds.

Product Overview

  • Rates: Ranges from 1.09% up to 1.45% 
  • Term: This is not a loan, so there are no time limits. Payments continue until paid in full based on specified percentage collection method and are dependent on future revenues
  • Fees: Origination fees that range 0% to 5% 
  • Payment: Weekly or daily Monday-Friday fixed ACH
  • Credit Requirements: All types of credit considered from bad to excellent
  • Application Requirements: Application and bank statements

Learn More About
Business Cash Advance

Learn More

U.S. Small Business Administration

How to Grow Your Business in Los Angeles
View the Los Angeles Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

The fast, convenient, and straightforward way to get the money you need for your small business – now!

Get your quote today by filling out our simple form.

Why Does Your Los Angeles Business Need a Loan?

Every business owner has their own reasons or needs for quick cash flow or advance options. That being said, not every alternative funding solution works for every business. You must take the time to understand the details, pros, and cons of each funding solution to determine if its right for you. Many business owners in LA come to AdvancePoint Capital to get help with these areas.

Working Capital

Every business owner has their own reasons or needs for quick cash flow or advance options. That being said, not every alternative funding solution works for every business. You must take the time to understand the details, pros, and cons of each funding solution to determine if its right for you. Many business owners in LA come to AdvancePoint Capital to get help with these areas.

Marketing

A powerful tool that can make or break many businesses in Los Angeles. With such a congested market, promotion is a necessity that can’t be avoided.

Equipment

It can cost a ton of money. More often than not, it’s money that a business doesn’t quite have yet. The forever evolving status of technology means more and more companies need to be on the innovative end of the technological spectrum, and that’s not cheap.

Growth

Growth and infrastructure are great but ultimately cost money. While a new office space or new employees can be exciting, they also may require financing help from an alternative lending service.

After you’ve determined why you need a business loan, there are a few more questions you’ll need to answer before making a decision.

  • How much do you need? 
  • Understand your business cash flow 
  • What is your budget?

 

Additional Resources, Information, programs, additional services, and Grants for Small Businesses in Los Angeles

Los Angeles City -LA Business Portal

California Small Business Loan Guarantee Program (SBLGP) The California Small Business Loan Guarantee Program (SBLGP) provides loans to small businesses to help create and retain jobs and invest in low-to-moderate income communities. The SBLGP is administered by the California Infrastructure and Economic Development Bank (iBank).

Economic & Workforce Development Department- Los Angeles City Small Business Emergency Microloan Program

Apply For Your AdvancePoint Loan Today!