212-300-5196

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nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

Business Loans and Financing Options for California Companies

Business Loans and Financing Options for California Companies

California is home to over 4 million small businesses, representing 99.8% of all businesses in the state. Access to financing is critical for companies to start up, operate, and grow. Fortunately, California business owners have many loan and financing options to consider.

Bank Loans

Banks provide some of the most common types of financing for small businesses. Bank loan options include:

SBA Loans

The Small Business Administration (SBA) guarantees loans made by lending institutions to small businesses that would not otherwise qualify for conventional loans. The most popular SBA loans are 7(a) and 504 loans.

Business Lines of Credit

Lines of credit provide flexible access to capital up to a set limit. Businesses can draw down funds as needed and only pay interest on the amount used. Lines of credit allow businesses to manage cash flow fluctuations.

Term Loans

Term loans provide lump sums of cash up front and are paid back over a set repayment schedule with interest. Term loans work for major business expenses like equipment purchases, business expansions, and commercial real estate purchases.

Equipment Financing

Loans specifically for purchasing equipment like machinery, vehicles, and IT systems. Equipment loans usually have lower qualification requirements compared to other bank loans.

Commercial Mortgages

Mortgages help California businesses purchase commercial real estate like office buildings, retail space, warehouses, and land.

Alternative Lenders

Alternative online lenders provide financing options for businesses that may not qualify for bank loans. Common alternative loans include:

Merchant Cash Advances

A lump sum of capital is provided in exchange for a percentage of future credit card and debit card sales. Daily repayments come out of a portion of daily sales until the full amount is repaid plus a fee.

Invoice Factoring

Companies sell outstanding invoices to a commercial finance company for immediate capital. The finance company collects payment directly from the customers at a later date.

Startup Business Loans

Online lenders like Fundera provide loans specifically tailored for startups and younger companies. Startup loans can help bridge the gap until a business qualifies for conventional financing.

Short Term Loans

Online alternative lenders provide loans with shorter 1-3 year repayment terms. Short term loans work for smaller financing needs under $500,000.

Line of Credit

Many online lenders now offer lines of credit in addition to term loans. Lines of credit from alternative lenders provide flexible financing up to set limits.

Equipment FinancingAlternatives to bank equipment loans help businesses finance necessary equipment. Options include leasing, equipment loans, and equipment refinancing of existing equipment.

Equity Financing

Equity financing involves selling partial company ownership in exchange for capital. Equity financing options include:

Venture Capital

Venture capital firms provide substantial capital investment in exchange for equity stakes in startups and small businesses with strong growth potential. Venture capital works for funding high-risk, high-reward expansion.

Angel Investors

Wealthy individuals provide capital for small businesses with growth potential in exchange for ownership stakes. Angel investors also often provide mentorship in addition to financing.

Crowdfunding

Equity crowdfunding platforms allow California businesses to raise funds by selling shares online to a large pool of investors. Equity crowdfunding works for generating capital from a distributed group of stakeholders.

Revenue-based Financing

Investors provide growth capital in exchange for a percentage of monthly or quarterly gross revenue until the investment is paid pack plus a multiple. This type of financing works for capital-intensive companies.

Government Small Business Loans

Federal, state, and local government agencies offer financing programs, grants, and loans for California small businesses. Options include:

SBA 7(a), 504 and Microloans

The SBA offers small business loans like the 7(a) and 504 loans through local lending partners in addition to the microloans funded directly.

State Tax Credits and Grants

California offers state tax credits, grants, and incentives for small businesses by location, industry, or to promote growth in targeted socioeconomic areas.

CDFI Fund

The Community Development Financial Institutions (CDFI) Fund provides funding to mission-driven lenders who then provide loans to small businesses in low-income communities.

USDA Business Loans

The U.S. Department of Agriculture Rural Development program offers business loans and grants to support business growth in rural areas.

Export Financing

State and federal export assistance programs help California businesses get financing needed to sell products or services internationally.

Disaster Loans

Low-interest Economic Injury Disaster Loans provide working capital funds for businesses impacted by declared disasters and emergencies.

Self-funding

Rather than seeking outside financing, some California small business owners rely on internal funding sources like:

Personal Funds

Some entrepreneurs self-fund startups through personal savings, home equity lines, credit cards, retirement accounts, or funds from friends and family.

Business Revenue

Profitable businesses can fund growth initiatives and expansions through reinvesting excess revenue back into operations.

Bootstrapping

Bootstrapping represents ultra-lean startup practices like bartering for services, buying used equipment, and avoiding unnecessary expenses. The goal is to fund growth only through essential revenue and cash flows.

Choosing the Right Financing

With the many California small business lending options available, it helps to align financing choices with the business’ objectives and qualifications. Below are some best practices business owners can follow:

  • Seek expert guidance from a small business banker, accountant, or lawyer
  • Understand qualification criteria and repayment requirements for financing options
  • Compare interest rates and fees from multiple lending sources
  • Match the loan term length with the purpose of financing
  • Choose financing that works with existing capital structure and ownership
  • Fund growth initiatives that align with core business revenue streams
  • Time financing decisions around business operating cycles and seasonal trends

Access to capital provides the fuel for small business growth in California. While the lending landscape continues to evolve with new products and providers, the same prudent practices apply when putting financing to work. Do the homework to find the right funding for the situation and remain focused on profitability to ensure success.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

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We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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Los Angeles

611 S Catalina St Suite 222, Los Angeles, CA 90005

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QUEENS

35-37 36th St, 2nd Floor Astoria, NY 11106

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195 Montague St., 14th Floor, Brooklyn, NY 11201

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