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SBA Loan Rates – Current Rates For December 2019

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 […]

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Jan 5, 2018 Filed under: Business Loans 3
installment loans

The Merchant’s Guide To Installment Loans

If you need business financing, an installment loan is probably the first type of loan you think of. As some of the most common and straightforward type of loans available, installment loans are a popular type of business financing. Also commonly referred to as term loans, installment loans can be useful for many business financing needs—from […]

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Jan 4, 2018 Filed under: Business Loans 0
merchant cash advance industry

What Is A Merchant Cash Advance?

If your business needs money, but doesn’t qualify for a traditional loan due to poor credit scores or a short business history, you aren’t out of options quite yet: a merchant cash advance (MCA) provider might be willing to advance you money—and fast. Unfortunately, many financial professionals warn against using this type of financing; the […]

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Jan 3, 2018 Filed under: Business Loans, Merchant Cash Advance 4

Hard VS Soft Credit Inquiries

Having good credit is a very important factor to getting a business loan. The higher your credit, the more loans you’ll have access to, and the better rates you’ll be offered. Frustrating as it may be, applying for a business loan (or other sources of funding) can have a negative effect on your credit. Knowing […]

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Sep 22, 2017 Filed under: Business Loans, Merchant Cash Advance 0

Factor Rates: Everything You Need To Know

When searching for a business loan, you might come across loans that do not have interest. Don’t get your hopes up—you still have to pay fees. The difference is, the fee is calculated using a factor rate, not an interest rate. Factor rates are often used on short-term financial products, such as short-term loans and […]

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Sep 19, 2017 Filed under: Business Loans, Merchant Cash Advance 0

What’s The Best Way To Get A Loan For My New Business?

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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Jun 7, 2017 Filed under: Business Loans 1
double dipping merchant cash advance short term loan

Double Dipping: The Hidden Cost Of A Merchant Cash Advance

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 […]

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May 16, 2017 Filed under: Business Loans, Merchant Cash Advance 0
invoice factoring rates fees

Understanding Invoice Factoring Rates & Fees

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 […]

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May 11, 2017 Filed under: Business Loans, Invoice Factoring 0
purchase order financing po financing

What Is Purchase Order Financing?

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? […]

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Feb 17, 2017 Filed under: Business Loans 1

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