TRUST CAPITAL Blog

There’s no simple “yes” or “no” answer that goes into answering whether or not you should start an ultrasound business. Just like any business type, there are a seemingly infinite number of factors that go into whether or not a business will be successful, and no amount of analyzing will give you a perfect “sure-fire” confirmation that it’ll work out.

So how do you figure out if it’s a good idea? While it’s impossible to predict success with 100% accuracy, you can look at various “identifiers” in business and your market to help analyze just how good (or bad) your potential is as a business owner!

As a small business owner, you already know that there’s practically an infinite number of things to do while building or running a business. From maintaining daily operations to building long term business relationships, there’s always something to do. And in some cases, you’re going to have to put up some cash to make things happen. That’s just how the business world works.

But you might not be sure how to go about funding various business ventures, both big and small. Every business owner goes through those stages at some point (and multiple times) throughout their business.

That’s where small business startup loans come up. There are a lot of ways to get additional funding for your business, and I’ll go over a few viable options for you today.

As a small business owner, we know that you’re always looking for ways to get better financing to help your business succeed. Many business owners, especially those of small businesses and startups, are looking to figure out how to get a business line of credit.

Just like your other business decisions, there are different options available to you, each with their own pros and cons. Line of credit? Equipment leasing? Business financing? Which one is going to be the best for you?

Can I get financed if I’m a start up business?

Rates are low for doctors. I've seen them starting at 5% for A credit profiles. For small to medium companies not in the medical industry I'm seeing rates come in at 7.5% for equipment loans as of April, 2014.

AVOID INTERIM RENT ON A BUSINESS LOAN AND EQUIPMENT LEASE

A small business loan is a true business finance loan with a fixed interest rate and term. A cash advance is not considered a loan. No need to change credit card processor's with a small business loan. With a cash advance you must change processors. On a small business loan lenders report your payment history to the credit agencies. On a cash advance there are no credit benefits. Both products are great for business cashflow needs and both have a quick approval process. Typical uses for both products include inventory, equipment, temporary cash flow management (if your sales volume fluctuates), working capital supplementation, marketing to generate new business, and unexpected business opportunities that you just can't pass up.

Business owners with strong company cash flow, despite their personal credit record that need quick access to capital benefit from a working capital loan. Generally businesses can be approved with a One-page loan application, previous 3 months of bank statements and previous 3 months of credit card statements. Business owners get decisions in as fast as 1 business day; funding in as fast as 2 business days.