Perhaps it’s an understatement to say that starting a business is hard work. With countless judgment calls, details to attend to, plans to make, and business-related things to learn, quite frankly, it’s a wonder that anybody starts a successful business. One of the biggest decisions an entrepreneur with a fledgling business has to make is how to fund […]
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Merchant cash advances (MCAs) and short-term loans (STLs) are an easy way for merchants to borrow cash for business purposes. Although these types of financing often get a bad rap, many legitimate business funders offer merchant cash advances and short term loans. However, because these types of funding are still relatively new and often misunderstood, some […]
Invoice factoring is perhaps one of the most convoluted types of financing available to merchants. Because factoring involves many different parties and has a lot of moving parts, rates and fees can be difficult to parse. Nonetheless, having a good understanding of rates and fees will ensure that you’re working with the best invoice factor […]
Invoice factoring is often cited as an ancient form of business financing, dated back to the time of ancient Mesopotamia. But while the basic concept may be old, it is not outdated; factoring structures are continually changing to stay relevant to the needs of modern business owners. One new development, for example, is spot factoring. […]
If you’re a distributor or reseller who does not have the funds to fulfill customer orders, purchase order (PO) financing may be for you. Although PO financing tends to run on the expensive side, it can be a useful financial tool for businesses that have exhausted their other financial options. What is purchase order financing? […]
Note: this is part two of our three-part Small Business Loans 101 series. Head over here for last week’s article: Finding the Right Lender. After you’ve found a few lenders you may be eligible for, it’s time to start applying for loans. Although all have their own process, most lenders appear to have adopted the […]
Searching for a business loan can seem like a daunting task. With so many lenders out there, it’s hard to know what kind of loan you need, where you should apply, and which lenders will actually accept your application. The search for an appropriate business loan will always be a relatively time consuming process, because you […]
Bond Street is an alternative lender that offers fast and easy-to-access business loans to small but established businesses. While expensive compared to other sources of funding (such as bank loans), Bond Street’s rates and fees are competitive with similar lenders.
Able Lending is no longer in operation.
Anybody who gives you advice on getting a business loan is going to tell you to make some comparisons. Don’t go with the first lender that gives you an offer; first take the time to look around, get quotes from different lenders, and make a decision based on what fits your needs and who offers you […]