California is the world’s 5th largest economy, making it one of the more exciting states in which to operate a business. The opportunities in the Golden State are vast, but so are the costs of opening and operating a small business. If you need financing in California, your problem won’t be finding prospective lenders — […]
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Any financial agreement will be a trek into the frightening realm of legalese. For small business owners, this can be especially daunting. If you aren’t up on your jargon, you’re likely to run into some unfamiliar terms. One of the more ominous ones you may encounter is the confession of judgment. Is it as bad as it sounds? At the risk of spoiling the big reveal of this blog post, the answer is “yes.” While this post is no substitute for legal advice, we can provide some basic information about what a confession of judgment is, where you’re likely to encounter one, and whether it’s usually a good idea to sign one.
If you are a business owner or entrepreneur that wants to purchase and develop property, a hard money business loan might be the solution. Hard money loans are short-term bridge loans that are ideal for poor-credit borrowers, entrepreneurs without proven experience, and other people who want to purchase real estate for business purposes. Find out […]
Unlike their small business counterparts, corporate credit cards are highly customizable. When it comes to Visa and Mastercard, your corporate card benefits will largely be based on the arrangements you make with your bank. American Express, however, directly issues corporate cards, so you can do more comparing upfront than you otherwise could with a Visa […]
Cars may be starting to look more like computers, but they still won’t stay on the road long without the help of a trusty local auto repair shop. If you’re in the auto repair business, you know that the volume of work — as well as the types of problems you’ll encounter — can vary […]
No matter how good you are at planning, it’s impossible to prepare for every possible emergency that may affect your business. Where do you look for an emergency business loan? Read on, and we’ll try to help you out. Here are seven ways to get business funding fast.
Have you seen the term “commercial loans” in an ad from a bank or alternative lender and wondered what, exactly, that meant? Or where you’d look for one? Or what the terms of a commercial loan might be? We’re here to help! What Are Commercial Loans? A commercial loan is simply a financial agreement made […]
Working capital is one of the keys to running a smooth business operation. Often, it’s possible to maintain a consistent cash flow just by making smart tweaks to your business model and keeping an eye on your assets and liabilities, but there are times when you may need assistance raising working capital.
TD offers several short-term loans, lines of credit, SBA loans and equipment financing to small businesses located in the East Coast. They have stringent borrower qualifications but their interest rates are low. Be aware that your existing business relationship with TD will be one of the bigger determining factors.
The SBA Economic Injury Disaster Loan Program (EIDL) provides financial assistance to both small businesses and private, nonprofit organizations that are located in a declared disaster area. Coverage depends on the amount of economic injury sustained. That includes things that don’t cause property damage, such as COVID-19, but still result in a massive loss of demand due to circumstances beyond your control or that interrupt your ability to conduct business.