In today’s competitive business landscape, small businesses often face challenges when it comes to accessing the funding they need to expand and thrive. Traditional banks may not always be willing to provide the necessary capital, especially if the business owner has a less than perfect personal credit history. That’s where Horizon Business Funding comes in. As a leading alternative financing provider, Horizon Business Funding specializes in offering flexible funding solutions to small businesses that do not qualify for traditional bank loans.
Understanding Horizon Business Funding
Horizon Business Funding is a reputable financial services company headquartered in New York, NY. With a team of pioneers from the alternative lending industry, they recognized the need to assist small business owners who were being underserved by traditional banks. Since their establishment in 2015, Horizon Business Funding has been committed to helping small businesses access the capital they need to grow and succeed, understanding the critical role that entrepreneurs assume in driving innovation and economic development.
Tailored Financing Solutions for Small Businesses
Horizon Business Funding offers a range of financing solutions designed to meet the unique needs of small businesses. Whether you’re looking for a business term loan, unsecured working capital, or a business line of credit, Horizon has you covered. Let’s explore some of their key financing options:
Business Term Loans
A business term loan from Horizon Bank is an excellent choice for small businesses looking to expand their operations. With a specific dollar amount and pre-determined repayment schedule, these term loans provide access to the funds you need without worrying about meeting repayment deadlines. Some key features of Horizon’s business term loans include:
- Financing options for equipment, long-term capital purchases, or business acquisitions.
- Manageable repayment schedules with consistent rates throughout the loan period.
- Predictable monthly payments, allowing you to plan your finances effectively.
Unsecured Working Capital
Horizon Business Funding understands that many small businesses face challenges with their personal credit history. That’s why they offer unsecured working capital solutions that don’t require collateral or a minimum credit score. Here’s what you can expect from their unsecured working capital financing:
- Flexible terms ranging from 6 to 24 months.
- No collateral or minimum FICO score requirements.
- Quick approval process, with funds available in as little as 24 hours.
Business Credit Lines
For small businesses in need of short-term financing, Horizon Business Funding provides business credit lines. These lines of credit offer flexibility and convenience, allowing you to access cash whenever you need it. Some notable features of Horizon’s business credit lines include:
- Lines of credit up to $250,000.
- Approval within 24 hours, ensuring quick access to funds.
- No origination fees and the ability to draw funds as needed.
Specialty Loan Programs
Horizon Business Funding also offers specialty loan programs tailored to specific industries and business needs. Let’s explore a few of these specialized financing options:
- Manufacturing Loan Program: Designed for industrial manufacturers, this program provides specialized loan options for purchasing new equipment or refinancing existing assets.
- Healthcare Loan Program: Whether you’re a start-up medical or dental practice or an established healthcare provider, Horizon can provide financial tools to streamline your cash flow.
- Professional Line of Credit: Professionals in various fields can benefit from this specialized line of credit, designed to meet their everyday cash flow requirements.
Additional Information
Horizon Business Funding has an impressive track record of assisting over 10,000 small businesses and providing more than $361 million in financing. With a focus on exceptional customer service and a commitment to helping businesses thrive, they have become a trusted partner for entrepreneurs seeking funding solutions.
Applying for Financing with Horizon Business Funding
Qualifying for financing with Horizon Business Funding is a straightforward process. Generally, they can provide a financing solution to any business that meets the following criteria:
- At least 6 months of business operations.
- A business bank account.
- A minimum of $15,000 in monthly deposit volume.
If your business meets these requirements and you are looking to Scale a Business, you can apply online or contact Horizon Business Funding directly. Their team of funding advisors will guide you through the application process and help find the financing solution that best fits your unique business needs. Applying is quick and easy, and it won’t impact your personal credit score.
Testimonials: What Our Customers Are Saying
Horizon Business Funding has garnered positive feedback from numerous satisfied customers. Here are some testimonials highlighting the positive experiences of businesses that have benefited from their financing solutions:
- Horizon Business Funding provided us with the capital we needed to expand our operations. Their quick approval process and flexible repayment options made it a seamless experience.” – John, Small Business Owner.
- As a start-up medical practice, we struggled to secure financing from traditional banks. Horizon Business Funding understood our unique needs and provided us with the funding to get our practice off the ground.” – Dr. Lisa, Healthcare Professional.
FAQ’s
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How do I fund my new business?
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- Explore various funding options such as personal savings, loans, investors, crowdfunding, or venture capital.
- Consider bootstrapping by starting small and reinvesting profits into business growth.
- Research and apply for business grants or subsidies that align with your industry.
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What is the best financing option for a business?
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- The best financing option depends on factors like business size, industry, and creditworthiness.
- Common options include traditional bank loans, SBA loans, lines of credit, angel investors, or venture capital.
- Evaluate the terms, interest rates, and repayment flexibility to determine the best fit for your business.
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What is the fund of funds for startups?
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- A fund of funds for startups is an investment strategy where a fund invests in multiple venture capital funds rather than directly in startups.
- This diversification spreads risk and provides exposure to a variety of startups.
- It’s a passive investment approach often chosen by investors seeking a diversified portfolio in the startup ecosystem.
Conclusion
Horizon Business Funding is dedicated to empowering small businesses by offering alternative financing solutions. With a range of financing options tailored to meet the needs of different industries and business sizes, they provide access to the capital businesses need to grow and succeed. If your business is looking for funding to expand, invest, or overcome financial challenges, Horizon Business Funding is here to help. Apply today and take the first step towards realizing your business’s full potential.
Remember, financial decisions should be made after careful consideration and evaluation of your unique business circumstances. It’s always recommended to consult with a financial advisor or professional before proceeding with any financing options.
