Every small business owner can benefit from accessible funding options that fit their own unique needs. It’s a constant search that is confusing and oftentimes, a headache at the very least. We offer business loans and short-term cash flow solutions that companies in San Diego need. Whether you need quick cash to keep operations running smoothly, financial help with renovations, or a stoppage to a cash flow issue you’re having, AdvancePoint Capital is your answer.
If you’re looking for financing from a traditional option like a bank, you might be in for a rude awakening without proper credit and paperwork. Many business owners find themselves in this situation, where they are either waiting far too long for approval or worry that they may not be approved. If this is you, don’t fret. There are various financing options you can choose from when your business needs it most.
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
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
Short Term Business Loan
For San Diego businesses with financial hurdles such as short time in business or poor credit — a short term business loan is an ideal solution.
- $10,000 to $1,000,000
- Substandard, Mid-Prime, to Subprime credit scores, are considered
- Processing Time: as little as 1 day
- Length of time of Repayment: 6 to 18 months
Learn More About
Short Term Business Loans
Merchant Cash Advance
For businesses that receive a good portion of their revenue from credit card and debit card sales, a merchant cash advance can help. You have the opportunity to repay your advance with future sales by leveraging your monthly cash flow. A merchant cash advance is a flexible option for many businesses.
- $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
Equipment Financing
For businesses in San Diego that utilize expensive machinery, equipment financing gives you the option to use future purchases as collateral for quick cash flow. Businesses in healthcare, restaurants, or manufacturing can all benefit from this financing option.
- $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
SBA Loans
SBA (Small Business Administration), provides programs, guidelines, and loan guarantees to lenders for businesses in San Diego, and throughout the nation. For lenders that may worry about the risks associated with their business lending, an SBA loan lightens the load, which can increase the chances for approval.
- $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
Invoice Financing
Businesses with a lot of outstanding invoices sometimes can’t wait on cash flow to keep operations running or their business growing. Invoice financing gives you the opportunity to leverage outstanding invoices for speedy advances you can use sooner rather than later.
- $10,000 to $1,000,000
- All credit types considered
- Processed in as little as two days
- Revolving repayment
Learn More About
Invoice Factoring
U.S. Small Business Administration
How to Grow Your Business in San Diego
View the San Diego 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 business – now!
Get your quote today by filling out our simple form.
Why Does Your San Diego Business Need a Loan?
We know that every business has its own unique cash flow needs, but not every loan option best fits your specific situation. So, it’s crucial that you understand the ins and outs of your cash flow situation so that you can make an informed decision. Here are some common capital starting points.
Working Capital
Working capital is perhaps the most popular reason for a business loan. Keeping everyday operations running and the lights on can require financing and additional capital.
Marketing
Marketing requires capital and is a necessary tool for all businesses in a crowded market such as San Diego. Financing for the sake of promotion is another common need.
Equipment
Equipment can be a costly expense, and new technologies cause new compliance standards to emerge, forcing business owners into updating their equipment.
Infrastructure
Infrastructure and growth can lead to upgrading an office space or simply new hires. While scaling up means business is good, it also costs money and may require financing.
Once you know why you need a business loan, it’ll be crucial for you to consider some other factors 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 San Diego
The City of San Diego Economic Development-Financing Your Business
Small Business Relief Fund (SBRF) – To ensure the resiliency of local businesses and assist in job retention, the City of San Diego established a Small Business Relief Fund (SBRF) to provide grants and forgivable or low- to zero-interest-rate loans for working capital to eligible small businesses impacted by federal, California, San Diego County and local emergency declarations regarding COVID-19.
South County Economic Development Council – Offering emergency 0% interest loans to restaurants in San Diego’s South County.
The San Diego Foundation – Offering emergency grants to nonprofits in food security, rental and utility assistance, and income replacement or gap funding through its COVID-19 Community Response Fund
