Payday Loan Service

Let us help you with our Payday Loan Service. Not only can we provide you with funds until your next paycheck but you could walk away with cash in your hands instantly. Do not go broke waiting for your next paycheck. Call us today. More »

Cash Advance Service

Check out our Cash Advance Services. We know times can get tough financially. So why go through it alone? We can help you get back on your feet with money in your pockets. Consult with any of our associates to get you started today. More »

In Store Loan Service

Have you considered trying our In Store Loan Service? If you are needing some help financially, then you are in the right place. These loans can be spent on any item you please. Whether you pay your bills or need personal items, the money is here for you. More »

Check Cashing Service

We provide the highest Check Cashing Service in Virginia. Our fees and rates are the lowest around. Don\\\\\\\'t spend more money than you have to just to cash a check. We are voted number one for a reason. Bring your checks and save some money. More »

 

Business Loan

Business Loan Service.

Money is the key to starting a business or keeping an existing business up and running. If you are new to the business field, then you should consult with a financial center before signing any financial documents. To start a business, you are more than likely going to need a business loan. A business loan is borrowed debt that a company has applied for. That company will then repay the funds accordingly to the terms and conditions that were agreed upon. It is very important to understand exactly how a business loan works in order to help your company. Now is the time to ask every question.

A business loan can be used for various needs. Some companies use the loan to pay for inventory, office furniture, etc. While others make expansions within the company. If you are a new company just starting out, you may even use your loan to pay for salaries of employees until your company gets off the ground. However, just because you can spend the business loan on anything, does not mean you must account for it. When asking to borrow money for a company, the lender is going to want details on what you are purchasing. It is wise to have a plan before consulting with a financial officer about obtaining a business loan. By being prepared with a plan, you are providing great information to the lenders. In return, could lend you larger amounts of money.

Knowing Your Business Loan.

Knowing the difference between business loans is very important. When consulting with a financial officer, you should always be professional. Have a plan with the company and what you are needing the additional money for. Many banks will offer traditional bank loans. This is not the same as a business loan. A traditional loan is similar to a personal loan. Not intended for a business. That is why there is a business loan specifically for your company.

There is no business loan that does not have a fee attached to it. Lenders will charge interest for any type of business loan. The different between business loan types is a fixed interest rate or a variable rate. A fixed interest rate indicates that the rate will remain the same during the entire duration of the loan. A variable rate indicates that the interest rate is able to fluctuate, depending on various terms. This is the most important question to ask regarding a business loan. Then you must consult with the lender on the length of the loan. Will the company be repaying the loan over several months or several years?

Gathering all information prior to going to a banking or financial center is the key to any business loan. Having a professional plan is what will set your business apart. Not all lenders will provide small businesses with a business loan. So it is important to also have other financial options available. If you are needing more information regarding the business loan process, consult with a financial center. You can request additional assistance on how the process works and what you are needing to apply.

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Customer Reviews
Business Loans Service.
Business Loans
Date Published: 02/12/2015
When I was looking for financial assistance to start my business, I knew exactly where to go. I had used other personal loan services and was very pleased. Now I am excited to start my business journey with Tim, the business loan specialist.
5 / 5 stars
Business Loans Service.
Business Loans
Date Published: 03/18/2015
The best interest rates for business loans in the state of Virginia. I searched for a long time to find a business loan at a lower rate. So of course I was excited when I found this company. I will be sending other business partners to this company.
5 / 5 stars
Business Loans Service.
Business Loans
Date Published: 04/27/2015
Very professional. My business partner and I were searching for a loan to help us expand the company. We had good conversations with Tim, the business loan specialist. He helped us create a loan that best fit the needs for our expansion.
5 / 5 stars
Business Loans Service.
Business Loans
Date Published: 05/08/2015
If you are wanting a professional place to get a business loan, you are right where you need to be. Good place to start when growing your business.
5 / 5 stars
Business Loans Service.
Business Loans
Date Published: 06/10/2015
My business needed more money to keep up with inventory. When we were threatened to go out of business, we knew we had to borrow funds from somewhere. After long hours of searching for loan companies, our team decided on Norfolk Payday Loan Solution. We are still happy with the entire loan process. It has been 2 years since we had the business loan and we would return to them instantly for further help.
5 / 5 stars

Star Rating
Business Loans
5 out of 5 based on 5 ratings. 5 user reviews.