Burak Oksayan founded Loya Capital to help entrepreneurs achieve their dreams. As a serial entrepreneur himself, he came to understand that obtaining funding and using it right can be difficult. His firm offers a portfolio of alternative financing methods via a vast network to ensure people get the money they need to continue their work.
Why Alternative Funding
All too often, great people start businesses and run out of money. As a result, their employees are out of work, and the entrepreneur ends up holding debt. This unfortunate situation can be the result of mismanagement, unexpected circumstances, taking the wrong types of funding and more. If you have watched a few episodes of Shark Tank, you have seen their commonality.
Take funding, for example; an entrepreneur was unable to obtain a bank loan — so they scoured the internet for other opportunities. To their dismay, they were unable to find loans at the rates they need or equity deals that price their valuation fairly. So, they take on a whole lot of risk and go with the best deal they can find. Resulting in the entrepreneur being forced to hustle to get the loan paid back, if at all.
How Loya Capital Can Help
Loya Capital works with entrepreneurs to find the right funding for their businesses. They save them time searching for the best funding in the marketplace, simplify the process and help them avoid the risk of taking a bad deal.
Businesses that come to Loya Capital start by filling out a one-page application. The application asks for basic information like revenue, credit scores and three months of bank statements.
After that, Loya Capital submits the information to its lending network and finds the best option possible. Additionally, when companies have extenuating circumstances, Burak and his team gather more information to get lower rates.
Some of the products they help people obtain are:
- Employee Retention Credit (ERC)
This is a tax credit that can be claimed by businesses with one or more employees. Due to the damage caused by the pandemic, the rules for this credit were recently changed. Businesses can now claim both ERC and from the paycheck protection program (PPP).
- Small Business Association (SBA) Loans
These types of loans often have low rates and can be pretty flexible if your business fits the qualifications.
- Revolving Line of Business Credit
This product is not a loan; it sets up a line of credit companies can use as working capital. It works similarly to a credit card; only Loya Capital works to find much lower rates than the average lender and higher limits that can be withdrawn as cash.
These are only three of the many types of financing Burak and his team can find and secure for entrepreneurs. Burak’s other services include equipment leasing, invoice factoring and real estate investment loans. Filling out and submitting the application is free, and applicants generally find out about their financing options within 24 hours — with funding in as little as two days.
Why Loya Capital?
Clients trust Loya Capital to help them find no hassle, best fit alternative financing. They have access to a wide network of lenders and financiers. And Burak ensures that every business gets individualized white-glove treatment and assistance while obtaining funds.
Loya Capital is based in the San Francisco Bay Area and serves customers nationwide. They are a small business that serves other small businesses with up to 50 employees. So, if you have been turned down by the bank or are looking for additional funds for any purpose, visit Loya Capital and fill out an application today!