Author Page for Erica Seppala | Page 20

For beauty salons, short-term loans and business lines of credit can be funded very quickly — sometimes as soon as the next business day. Other loans, such as bank loans and SBA loans, may take several weeks or longer to be funded.

Getting a business loan can be tough, whether you’re an established retail business owner or just getting started. However, there are plenty of options available if you take the time to do your research, go into the application process prepared, and have a good reason for taking out the loan, which will improve the return on investment for your business.

A commercial construction loan is a type of loan that is used to finance the costs associated with the construction or renovation of a commercial building. The funds from a construction loan can be used to pay for labor and materials for the construction of a new property, the purchase and development of land for a new commercial property, or the renovations of existing properties.

We’ve all heard the old saying, “It takes money to make money.” Chances are, if you’re reading this, you’ve reached that point in your small business venture, the point where you can’t make any more money until you have some money to spend. Maybe you’re ready to expand your business or maybe you need to […]

To obtain a small business loan, lenders often require the borrower to pay a percentage out of pocket as a down payment. But why do you have to pay money upfront when you need to borrow money? Is there a way around this apparent catch-22? What loans require down payments, and what are your options if you don’t have the funds to pay it?

If you’re a franchise operator, you know that getting started can be tricky. Franchises offer flexibility and support for owners, but require capital to get started. Chances are, you’ll need an influx of cash at some point during your career as a franchisee. Whether you’re starting a new franchise or growing an existing one, an […]

It doesn’t matter what type of small business you own. You automatically have something in common with every other small business owner: you need money to function. Without money, your business isn’t going to be successful. Without money, you can’t pay your employees or even yourself. Without money, you’ll never be able to grow and […]

Whether a startup company is moving into a commercial building for the first time or an outdated warehouse needs to be brought into the 21st century, there comes a time when the next step for a small business owner is to build, purchase, or update their commercial space. Because most businesses don’t have the cash […]

Most small business owners already know they can turn to lenders for help to cover large expenses, like the purchase of a fleet of vehicles, expensive equipment, or commercial real estate. However, these loans are often difficult to obtain from traditional lenders like banks, particularly for very small or newly established businesses. Whether you need […]

To push your business forward, you’ve decided to apply for a business loan. You’ve decided how much money you need and how you will spend it. Maybe you’ve even done some research on lenders in your area. Now, it’s time to navigate the application process. For even the savviest business owners, getting a business loan […]