Ivybank Finance, a small-business funding service in Quincy, Illinois, publishes notes on business financing: working capital for an HVAC company, a line of credit for law firms, commercial mower financing for landscapers and physical therapy equipment financing, plus short comparisons of equipment loans, installment loans, investors and notes.
Equipment loan vs business loan in Quincy, IL
An equipment loan is a business loan tied to one asset: the machine secures it, and the term matches its working life. A general business loan can pay for anything and is secured, if at all, by business assets in general or a guarantee. When the purchase is a specific machine or vehicle, equipment financing lets the asset do the work of securing the money.
Line of credit vs installment loan for Adams County, IL businesses
A line of credit refills as you pay it down; an installment loan pays out once and is gone once paid. For costs that recur unevenly, a line; for one purchase, installments. The line of credit page and the term loan page cover each in detail.
Business loan vs investors: what Quincy, IL owners should know
A loan is paid back with interest and leaves ownership with you. An investor buys a share of the business and its future profit, and may want a say in decisions. For an established Adams County, IL business with steady deposits, a loan keeps control; an investor may suit a business that needs money it cannot yet pay back from cash flow. Ivybank Finance arranges funding, not investment.
Term loan vs notes around Quincy, IL
A note is the written promise to repay behind a loan. A term loan comes with a note, and so can a seller's financing in a business purchase, called a seller note. The comparison that matters is between lenders' notes and a seller's note: a seller note is negotiated with the seller and may sit behind the main loan.
By Ivybank Finance · Updated