So you’re looking to purchase a business, either as a first-time venture into entrepreneurship, or to expand your existing company by acquiring new assets. The only problem is, you’re short on the capital needed to take on such a venture. Darn. Naturally, you might think of going to a bank or credit union for a […]
The loan application process can seem overwhelming at times. But keep in mind that all lenders want to know is that you can pay back the loan. Your application is the perfect place to prove that you can and will repay your loans successfully. Filling out a loan application is about being prepared and putting your […]
Restaurants have a (somewhat unfair) reputation for being especially risky businesses that are hard to get off the ground. The good news is that restaurant business loans aren’t especially hard to find, even if you’re looking for a loan to start a restaurant. Want to know how to get restaurant financing or how to get […]
You’ve heard the old adage “walk a mile in someone else’s shoes.” This phrase is more than just a To Kill A Mockingbird lesson on understanding where others are coming from — it’s also the key to securing the business loan you need. By considering the loan process from the lender’s perspective and understanding what […]
Opening a franchise can be a smart choice for an aspiring entrepreneur. Becoming a franchise owner gives you the flexibility of owning your own business with the added security of being part of an established brand. However, as with owning any new business, start-up costs can be high and you may require infusions of capital […]
Whether due to sacrifices made while starting a business or other reasons, many business owners have poor credit. When you have bad credit, getting a business loan with fair terms and affordable fees can be difficult, to say the least. While you could get a loan from one of many “payday lenders” who offer short-term loans with […]
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 […]
You can’t run your business with an empty wallet. In life, money isn’t everything, but in business, cold hard cash is what makes the world go round. It’s what lets you continue your sales operations, pay your employees on time, manage your operating expenses, and turn a profit. But what do you do when cash […]
If you’re reading this blog, then you already know how important cash flow is. Cash flow is the mainstay of your business. Positive cash flow means you can successfully run and grow your business, and negative cash flow — well, that’s bad news. But what do you do when you have negative cash flow? How […]
