Today’s financial climate is uncertain, raising rates and high inflation are damaging small and mid size businesses throughout our country. What can a business owner do to keep his or her low current interest rates? So what is mock mezzanine financing? Mezzanine financing is a sub debt for commercial lending. Is there a way to have mock mezzanine sub debt for my business? Yes.
SBA Express
SBA Express is your best mock mezzanine lending alternative, without acquiring a new higher interest rate or forfeiting your current low interest rate on your commercial building or business. SBA working capital is a sub debt, below your 1st debt on your business or commercial real estate loan. Utilize SBA Express for your commercial real estate project or as a quick cash infusion for your business by taking advantage of SBA Express terms as a junior lien position. Since credit restrictions are abroad, lenders prefer a 680 or better for your personal credit score to initiate your SBA Express application. It is always best to check your credit before you apply for business credit.
Business Term Loan
A mock mezzanine for your working capital is just like drinking a mocktail than an actual cocktail. The requirements for a term business loan is a 660 or better credit score, depending upon your industry such as restaurants or retail or etc. Some industries require a 700 or better credit score. A business term loan is a sub debt that can offer your business to consolidate some of your current debt into one payment.
Short Term Business Bridge Loan
Another mock mezzanine, a sub debt used as your working capital. The requirements for a short-term bridge business loan are an accessory for your quick business fix. A short-term business bridge loan was not designed to keep these “quick fix” loans as long term, an exit strategy is very necessary to exit out and consider entering SBA or Asset Based lending. A short-term business bridge loan allows you to preserve your current low interest business loan without penalties. The advantage of a short term business bridge is it’s a line of credit with a shorter term.
Cash Back Credit Card Rewards
This sub debt does not require a lien position. Requirements for a business credit card are a 725 personal credit score or better. By obtaining a cash back rewards credit card for your business, it is a valuable tool to throw cash back into your business while you purchase equipment, office supplies or inventory. It is also an advantage for your business if the minimum payment due is what you can afford for the month, without gaining a penalty for a late payment.
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