Professional Business Loan Services

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Small Business Loan Services

Unlock the potential for growth with our versatile small business finance options. Almost any for-profit business is eligible, and we cater to a wide range of commercial real estate types.

Eligible Properties

Eligible properties under business acquisition financing solutions include, but are not limited to:

  • Office Buildings
  • Warehouses
  • Industrial Buildings
  • Manufacturing
  • Child Care Facilities
  • Car Wash Facilities
  • Automotive Repair
  • Shops
  • Professional Buildings
  • Hotels and Motels
  • Restaurants
  • Gas Stations
  • Bed and Breakfasts
  • Franchises
  • Startups
  • Single-Use Buildings
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Eligibility Criteria

Eligibility is determined based on SBA size standards. Typically, businesses with the following criteria qualify:

  • Retail Businesses: Annual sales of less than $6,000,000.
  • Manufacturing Businesses: Less than 500 employees.
  • Service Businesses: Less than 100 employees.

Our financing options are designed to accommodate businesses in retail, manufacturing, and services industries. Connect with us now.

Equipment Leasing

Types of Leases We Offer

  • Application up to $150,000. No financial statements are necessary.
  • Middle market financing up to $500,000
  • Large tickets over $500,000
  • Little or no down payment
  • Numerous payment structures

We can finance almost any type of business-related equipment.

Approvals for application only in 24 hours. The middle market and large ticket financing usually take 3-5 days. It takes up to 84 months to repay with excellent rates. These programs are for companies that have been in business for two years or more.

Sale & Lease Back

Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program that uses the equity in your existing equipment to give your company the working capital it requires. We buy your equipment and lease it back to you, and when all the payments are made, you own the equipment again.

Startup Program

Most financial institutions will not finance companies that are just going into business. If your company has just started in business or has been in business for only a short time, usually less than two years, we can help you grow by financing the equipment you need to be successful.

B, C, and D Credits

In these tough economic times, many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their credit. We have developed a "second chance" program to help these companies. We can structure your financial needs to help you rebuild your company.

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Government and Municipal Leasing

We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of whom we finance is listed below:

  • Federal Government Agencies
  • Armed Services
  • State Agencies
  • Public Schools
  • Police Department
  • Fire Houses
  • Libraries

The above list is only an example of what we can finance. We can finance any state or federally-controlled entity.

Please contact us so one of our finance specialists can discuss your specific needs and determine how we can arrange the financing your company requires.

Why Lease?

Leasing is the right choice!

Leasing is one of the fastest-growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to local family businesses, lease some portion of their equipment. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.

Low monthly payments

The monthly lease payment will usually be lower than the payment required by other methods of financing.

No need to tie up capital

Keep your business' cash for future needs, unexpected expenses, or working capital when revenues are low.

You can always lease equipment – you can't lease money!

Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.

Preserve existing lines of credit

Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.

Eliminate obsolescence

Technology is changing at a rapid-fire pace. What meets your business needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today's best technology and then allowing you to upgrade when the equipment has outlived its advantage.

Fixed payments through the term of the lease

Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease, you won't be a victim of skyrocketing interest rates. Remember the 80s when rates rose from 9% to over 20% in one year? That can't happen with leasing.

Significant Tax and Accounting Advantages

Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line-item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense, you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes, and shelters you from the market.

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Franchise Financing

When it comes to franchise financing, there is no better place to obtain financing than with us. No matter if you're a first-time owner or have multiple locations, we have the ability to get the financing you need from $150,000 to over $1,000,000.

We offer a variety of financing options for purchasing real estate or equipment, new construction or remodels, acquisitions, or refinancing. We offer a fast pre-qualification process for your franchise loan and never, ever waste your time.

Our Franchise Financing program includes:

  • Up to 90% LTV
  • Extra Cash for Working Capital
  • Rates as Low as 6%
  • Fast Closing and Commitments
  • First-Time Owners
  • Up to 25-Year Terms
  • No Pre-Payment Penalties

Take the next step to your financial future and call us today. (512) 617-6365

Health Care and Medical Financing

We provide loans to doctors, dentists, chiropractors and veterinarians. We can offer your practice working capital, debt consolidation, equipment financing, expansion loans, improvement loans, and practice acquisition loans.

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Working Capital

Practice loans to medical professionals to use as they see fit to enhance the practice. The terms are up to 72 months with no upfront payments, and the loan is not reported on the personal credit bureau. The proceeds of these loans can be used for almost any purpose.

  • Personal Needs
  • Debt Consolidation
  • Practice Expansion

Application Only to $75,000. Full Financials up to $250,000.

Medical Equipment Leasing

Choose from a number of payment options and include up to 50% for soft costs. We can arrange for a lease and a loan at the same time.

Practice Acquisitions

This program is the perfect option for the health care Professional looking for exponential growth. Whether buying into a practice or just buying out a current partner, Eastern Cove Capital, LLC has the capital to meet your growth needs.

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Debt Consolidation

We have the resources to refinance your debt into one low monthly payment. We can approve you in 24 hours and a week to pay off your total debt. Don't let revolving debt take over your practice. Eastern Cove Capital, LLC is highly experienced in providing solutions to your capital needs.

Please contact us today, and we will forward you an application, or, if you prefer, one of our qualified professionals will contact you with all the details.

Mergers and Business Acquisitions $1,000,000 to $500,000,000

Let Eastern Cove Capital, LLC's experience be the guiding light for your corporate financing. We conduct an in-depth analysis of the business that is being acquired so we can then leverage the existing assets of the business to structure the right financing for you.

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Elevating Financial Performance

Through our program, we extend the capability to offer financing options to your customers, safeguarding against lost sales and elevating your overall financial performance. Furthermore, we possess the expertise to acquire your existing portfolio of loans, whether managed "in-house" or to purchase retail installment contracts or revolving credit agreements selectively.

Join us in revolutionizing your approach to consumer finance and taking your business to new heights. Get in touch with us now.

Your Partner in Financial Growth

At Eastern Cove Capital, we go beyond being a financing provider; we become your strategic partner in achieving unparalleled business success. The Eastern Cove Capital consumer finance program is meticulously crafted for businesses that offer products or services under $10,000. We take pride in our innovative approach, ensuring that your business not only thrives but excels in a competitive market.

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Call Now

(512) 617-6365