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Business Loans Blog Posts

Credit Report VS Credit Score

It’s worth noting one more key difference between credit reports and credit scores. Credit bureaus are legally obligated to give you a free credit report once a year, whereas there is no law requiring them to provide a credit score. This means you’ll have to pay a fee to access your credit score through one of the “big three.”

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Jan 31, 2024 Filed under: Accounting, Bookkeeping, Invoicing, Business Loans

Best Emergency Business Loan Options

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.

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Dec 19, 2023 Filed under: Business Loans
woman sitting at desk looking at a business line of credit

The 6 Best Unsecured Lines Of Credit

Every small business has different needs when it comes to capital, so the best unsecured line of credit for one company may differ from that of another. While you always want to minimize the cost of borrowing in terms of interest rates and fees, you’ll also want to keep in mind whether your needs or long- or short-term, and how quickly you need access to your money.

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Aug 22, 2023 Filed under: Business Loans
create a business plan for loan

How To Write A Business Plan For A Loan

A business plan is a written document that provides a complete overview of your business, including information about your business’s services, strategies, finances, and goals. All businesses should have a business plan, but a business plan is especially important when applying for a business loan.

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Jul 12, 2023 Filed under: Business Loans, Small Business

Best Commercial Construction Loans

When searching for a great commercial construction loan, you’ll want to keep in mind the size of the project, how quickly you need funding, and the resources you have available to use as collateral or downpayment. For many small businesses, an SBA 504 loan will be the best option for major construction projects. Others may be better served by bank loans or alternative loans.

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Jul 10, 2023 Filed under: Business Loans
declined business loan

What To Do If Your Business Loan Is Denied

Your business loan may be denied for reasons including low credit score, not enough revenue, lack of collateral, or an incomplete loan application. Your lender should provide written notice as to why your loan was denied. However, you can also reach out to the lender directly to learn more about why you weren’t approved.

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Jun 28, 2023 Filed under: Business Loans, Small Business
how to get a bank business loan

How To Get A Small Business Loan From A Bank

A bank small business loan is a loan that a business owner receives from a bank. This can be a traditional loan that provides a lump sum of cash, or a more flexible option like a business line of credit. Bank loans typically offer low rates and long repayment terms but may be more difficult to qualify for than other types of business funding.

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Jun 16, 2023 Filed under: Business Loans, Small Business
sba loan repayment

How To Repay Your SBA Loan

Small business owners that navigate the complex and lengthy Small Business Administration loan process are rewarded with low-cost, long-term business funding. Now that the hard part is over, it’s not uncommon to have questions about what comes next, like repaying your loan.

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Jun 9, 2023 Filed under: Business Loans, Small Business