Harvest Small Business Finance is a leading provider of small business loans and financing solutions. With years of experience working with small businesses across industries, Harvest understands the unique challenges and opportunities facing entrepreneurs today. This article will explore the key benefits of using Harvest, the types of loans they offer, success stories, how to apply, tips for approval, and frequently asked questions.
Benefits of Using Harvest Small Business Finance
Speed and Simplicity of Application Process
Harvest’s online application takes just minutes to complete. You don’t need extensive documentation or collateral. Decisions are fast, often in just 1-3 days.
Flexible Loan Amounts and Terms
Loan amounts range from $5,000 to $500,000. Term length is flexible too, from 3 months to 3 years. Choose what fits your business needs.
Competitive Rates and Fees
Harvest offers very competitive interest rates and origination fees, especially compared to high-cost alternative lenders. No prepayment penalties.
With dedicated teams for construction, manufacturing, restaurants, retail, healthcare, and more, Harvest understands industry-specific needs.
Customer Service Focus
Local team members are available to guide you from application to funding and beyond. Their priority is your satisfaction.
Types of Loans Offered
Harvest term loans provide lump sums for any business purpose, from equipment purchases to renovations. Terms range from 6 months to 3 years with regular monthly payments.
Lines of Credit
Flexible lines of credit allow you to access funds as needed. Only pay interest on what you use. Great for managing cash flow.
Harvest offers competitive SBA 7(a) and SBA 504 loans. Long terms and low down payments help businesses acquire assets.
Success Stories of Businesses Helped
Pet Goods Store Expansion
Harvest provided a $75,000 loan to help a local pet supply store open a second location. The funds covered building costs, inventory, and marketing.
Medical Practice Equipment
A $150,000 term loan allowed a family medical clinic to upgrade to new patient monitoring systems and digital X-ray machines.
A longtime pizzeria used a $220,000 SBA loan to remodel its dining space with new booths, counters, and kitchen equipment. Sales increased 30%.
Gym Franchise Launch
Harvest supplied $300,000 in franchise launch capital for a personal trainer to open an Orangetheory fitness studio.
How to Apply for a Loan
Following are the points:
- Business Information: legal name, EIN, industry, years in business
- Personal Information: SSN, income, address
- Business Financials: revenue, expenses, debts, assets
- Amount requested and intended loan purpose
- Supporting documents like bank statements and tax returns
- Then complete the secure application and upload documents via Harvest’s website. The lending team will contact you directly to discuss next steps.
Tips for Loan Approval
Each small business is unique, but these tips can help your application:
- Have 2 years of operating history at minimum
- Provide strong revenue and cash flow
- Show good personal credit scores
- Keep existing debts low
- Only apply for what you need
- Be responsive to lender questions
- With sound finances and a well-planned application, you can get fast small business financing with Harvest.
For over 20 years, Harvest Small Business Finance has helped companies across the country access the funding they need to prosper. Their fast and flexible loan products, competitive rates, and supportive team make them a top choice. By understanding the growth goals and cash flow needs of small business owners, Harvest can tailor solutions to help endeavors expand. For entrepreneurial aspirations or plans right-sized financing, Harvest delivers.
What kinds of businesses does Harvest finance?
They work with most types – retail, restaurants, services, healthcare, construction, manufacturing, and more. Revenue requirements vary by industry.
How long does the application process take?
Just 10-15 minutes online. Decision speed varies but can be within 1-3 days. Funding takes 5-7 days on average.
What credit scores are required?
Minimum is around 600 but higher scores may yield better loan options. All applications are reviewed holistically.
Does Harvest offer business loans without collateral?
Yes, some loans up to $250K can be secured with just a personal guarantee. Larger loans may require business assets as collateral.
Can I pay off my loan early?
Yes, Harvest has no early payoff penalties so you can pay your balance early to reduce interest costs. By offering fast, flexible financing solutions tailored to each small business, Harvest empowers entrepreneurs to achieve their dreams. If growth funding can help your enterprise thrive, consider applying today.