A line of credit is one of the most useful tools at a business owner’s disposal. Merchants with a line of credit can have short-term funds available within a few days without going through a long application process every time. These funds can be used for many business reasons, such as working capital, business growth, […]
Poor credit can be detrimental for a number of reasons — you might have trouble getting loans, credit cards, or even apartments or cell phones. Even if you can get the products and services you need, the rates might not be very good or you might not have access to as much money as you […]
Having a good credit score is integral to getting goods and services at a reasonable rate. Most creditors will look pull up at least one of your scores, whether you are looking for a loan, housing, a credit card, or some other product or service. It’s important to have at least a rough idea of […]
If you are a merchant who has struggled to pay bills or missed out on an opportunity to grow your business due to a lack of capital, you know just how frustrating cash flow problems can be. A business line of credit is a potential solution for cash flow problems experienced by small business owners. Lines of […]
Startup owners often have a difficult time accessing financing to keep their businesses growing. While it’s becoming easier and easier to get business financing due to online loans, startups have largely been left out of the mix. Business lenders, understandably, don’t want to risk lending to an unproven business with no operating history. There are […]
The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. Below, we explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business loans for most general business purposes), CDC/504 Loans […]
Merchants looking for business financing are often faced with a difficult choice: apply for a bank loan (which are low-cost but time-consuming and hard to get) or an online loan (which have higher approval rates and faster applications but can be very expensive). However, some business owners might not be aware that they have a […]
Lending Club (read our review) is, hands down, one of the most popular lenders available online for personal and business loans. Founded in 2006, this company was one of the first non-bank, non-payday lenders on the market. While there are many other online lenders available now, Lending Club loans are popular because they are competitively […]
Two of the biggest names involved in the new, more ethical methods of invoice factoring are BlueVine and Fundbox. We’re fans of both of these services here at Merchant Maverick, but which one is better? You, presumably, are reading this because you own a business that processes invoices. So which one should get your patronage? That’s what we’re going to discuss today.
Business financing is often a necessary part of growing a business, but when it comes to finding capital, it can be difficult to know where to start. Should you get a credit card? What about a loan from your local bank? Is there useful financing out there that you haven’t even heard of? Read on, […]
