Neal Business Funding is an entrepreneur focused business funding service. The company was originally founded with entrepreneurial minds looking to help those grow their small business and help others navigate the real estate investing space.
Neal Business Funding recognized a real need that businesses and real estate investors were running into which was being denied necessary funding by big banks. Neal Business Funding aims to help those that the big banks have passed on.
The founder and CEO of Neal Business Funding is Dave Charron who has worked in the space in some capacity for over two decades. Charron has partnered with businesses and funding providers in an effort to bridge the gap that currently exists between more traditional bank lending and the small business funding climate.
The averages today in terms of receiving funding through a bank do not necessarily bode well for small businesses. An estimated 65 percent of all commercial loan applicants are denied. This is where Neal Business Funding steps in and steps up in an effort to help these operations get the capital needed to expand and succeed.
The small business loan services available through Neal Business Funding allow businesses to grow and purchase the equipment needed to succeed. With banks routinely turning small business owners away, Neal Business Funding has stepped in to provide small business loans and equipment financing to these types of clients.
The team at Neal Business Funding will work to find an ideal financing option for small business owners in desperate need of immediate financial assistance. Clients can be approved for these types of funding in as little as 48 hours. SBA loans through Neal Business Funding can provide up to 5 million dollars to expand operations.
The Neal Business Funding team specializes in SBA loans and commercial real estate investing, but clients in need of working capital solutions can rest assured that the company is more than able to help in these endeavors as well. Those in need of working capital solutions can turn to Neal Business Funding for the following:
While these are common offerings in the business loan industry, it is uncommon to find a smaller provider offering all of these working capital solutions like Neal Business Funding does. The company has gone to extreme lengths to help businesses access the money they need where other options, like banks, have closed its doors.
In addition to working with small business owners to get the financing needed to operate at a desired level, Neal Business Funding also helps those in the real estate investing space. For those wanting to break into real estate investing or diversify their current portfolio, Neal Business Funding offers the following services:
The team at Neal Business Funding has substantial experience helping those navigate the complexities of the commercial real estate industry. Not many small business loan providers also venture into the commercial real estate space, but Neal Business Funding has the experience and expertise needed to successfully help clients.
When it comes to the financing industry, there are both national and local players involved. Businesses can go with big-time firms that service clients all across the country or turn to a more local provider with a vested interest in the community. There are both positives and negatives associated with both types of providers.
The common downside associated with local providers is the reach the company has to help those in need. In the case of Neal Business Funding, the company heavily targets clients in the Syracuse area making it difficult for businesses outside of this geographic area to work with Neal Business Funding.
While Neal Business Funding prides itself on helping those that have been turned down from the “big banks,” there are still basic requirements that all applicants need to meet in order to qualify for certain loan products. This is a staple across the board in the financing industry, even if those requirements are minimal.
That being said, even with minimal basic requirements needing to be met, it is important to disclose what those requirements are especially for those still determining what provider to move forward with.
Most business loan providers will publicly disclose these basic requirements so those still in the researching phase can quickly determine whether or not they are a viable client. Neal Business Funding has not disclosed these basic requirements, like minimum credit score, making it difficult to determine if a business or applicant qualifies.
The funding for the loans and other financial services offered through Neal Business Funding does not come directly from the company. Instead, the team at Neal Business Funding has relationships and partnerships with those that supply the actual funding and Neal Business Funding operates as a broker between clients and those with the capital.
Since Neal Business Funding works to help those businesses that have not been successful through traditional bank applications, there has to be some creativity and flexibility on the part of the applicant in order to receive the desired funding.
This could potentially mean accepting terms of a loan that are less desirable including higher interest rates. Higher interest rates are common when working with a broker for loan needs so this is to be expected. However, those businesses looking for the lowest interest rates possible may want to consider another provider for funding assistance.