Looking for a Loan to Expand Your Business?

At Blue Ray Financial, we understand the challenges of running a successful business and the importance of access to reliable and affordable financing. That’s why we offer a range of business loan options to help you secure the funding you need to grow your company. Our team of experienced lenders is dedicated to helping you find the right loan solution for your unique needs, whether you’re looking to purchase new equipment, expand your operations, or cover short-term expenses. With competitive rates, flexible terms, and a variety of loan options, we can help you find the financing that fits your specific requirements. Our loan process is designed to be simple and straightforward, so you can get the funding you need quickly and efficiently. Let us help you take your business to the next level with a business loan today

Loan Requirements

Here is a list of common requirements for a business loan:

  • Business Plan: A comprehensive business plan that details the purpose and goals of the loan.
  • Financial Statements: Up-to-date financial statements, including income statements, balance sheets, and cash flow statements.
  • Tax Returns: The last two to three years of business tax returns.
  • Proof of Ownership: Documentation that proves ownership of the business.
  • Collateral: Some business loans may require collateral, such as business assets or personal assets, to secure the loan.
  • Credit Score: A good credit score is often required to obtain a business loan.
  • Time in Business: Most lenders require that a business be in operation for at least one year before being eligible for a loan.
  • Industry Experience: Lenders may consider the experience and background of the business owner in the relevant industry.
  • Common types of business loans include term loans, line of credit, SBA loans, equipment financing, and invoice financing.

  • Interest rates on business loans are determined by a variety of factors, including the lender's risk tolerance, the borrower's creditworthiness, and the current market conditions.

  • Collateral and a personal guarantee may be required for some business loans, but this can vary depending on the lender and the type of loan.