Not sure what documents you need to apply for a business loan? It depends on the loan type, but you’ll likely need financial statements, tax returns, and a business plan. Getting these ready can make the process smoother. Need help? Reach out to SMB Compass at 📧 info@smbcompass.com or 📲 call 888-853-8922!
SMB Compass
Financial Services
New York, New York 191 followers
Your Guide to the Business World
About us
SMB compass is a bespoke business financing and growth strategy consultancy. After careers in direct business lending spanning SBA, asset-based and non-bank working capital, our mission is to educate business owners on industry best practices as well as the many paths to be avoided. As passionate entrepreneurs for entrepreneurs, we lend our expertise and exclusive pulse on the market to keep our clients away from the noise and in front of top business financing and growth strategy solutions today and moving forward. Call now for a free and friendly quote: (646) 457-4453 Services provided include: • SBA loans • Business line of credit • Asset-based loans (receivables, invoice, equipment, etc.) • Term loans • Short term working capital • Business debt refinancing & consolidation • Growth strategy Our Clients meet the following guidelines: • 1 year+ time in business • $500,000+ annual revenue • Seeking $50,000 to $25 Million • U.S. owned and opperated
- Website
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https://www.smbcompass.com
External link for SMB Compass
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Business Loans, Business Finance, SBA Loans, Receviables Financing, Working Capital, Business Line of Credit, Loan Restructuring, Growth Strategy, Marketing Solutions, Asset-based Lending, and Equipment Financing
Locations
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Primary
Get directions
222 Broadway fl 19
New York, New York 10038, US
Employees at SMB Compass
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Jake Eisenberg
Reach Digital
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Clay Creadick
SMB Lending Solutions - SBA Loans | Asset Based Loans | Factoring | Bridge Loans | Lines of Credit | Equipment Financing
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Jóse Esteban Paredes Ortega
Digital Marketing Specialist | International Trade and Business Professional
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David Estevez
Lending specialist
Updates
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Choosing the right loan amount for your business is key to meeting your goals without overextending. Start by assessing your financial needs and what you can realistically repay. While you can request a loan amount, lenders will review factors like your credit score and business revenue to determine the final offer. Need help figuring out what’s right for your business? Reach out at 📧 info@smbcompass.com or 📲 call 888-853-8922!
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Choosing the right loan repayment term depends on your business’s cash flow and financial goals. Short-term loans are paid off quickly, while long-term loans spread payments out over several years. Here’s a quick breakdown of the pros and cons to help you decide: Short-Term ✔️ Lower total interest, quicker payoff ❌ Higher monthly payments Long-Term ✔️ Lower monthly payments, more flexibility ❌ Higher total interest over time Which option works best for your business?
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Curious about the difference between a business line of credit and a traditional loan? Both offer unique benefits depending on your business needs. A line of credit gives you flexible access to funds as needed, while a traditional loan provides a lump sum with set terms. Understanding the pros and cons of each can help you make the right choice for your business.
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Seasonal downturns can be challenging, but a business line of credit can help you stay afloat. Here’s how it can help your business: ✅ Cover short-term expenses during low-revenue periods ✅ Manage cash flow without dipping into reserves ✅ Access funds quickly when you need them most Want to know more about business lines of credit? Reach out at 📧 info@smbcompass.com or 📲 call 888-853-8922!
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