Business Loans Blog Posts | Page 16

The Ultimate Guide to SBA 504 Loans

Getting an SBA 504 loan can be a lengthy and difficult process. Borrowers must find a CDC and private lender willing to fund their loans, as well as meet the requirements of the SBA and lenders. This includes having enough revenue to repay the loan, a solid credit score, and an eligible project to be funded.

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May 22, 2023 Filed under: Business Loans
sba disaster loans

What SBA Disaster Loans Are & How To Qualify For One

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.

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Jun 27, 2023 Filed under: Business Loans

SBA Loans Explained

The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.

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May 4, 2023 Filed under: Business Loans
sba microloans

The Ultimate Guide To SBA Microloans

As a small business owner, you know the importance of financing to expand your business or start your next project. While there are many options available to provide you with the capital you need to start a new business or grow an existing business, one of the best options is a loan through the Small Business Administration.

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Jun 5, 2023 Filed under: Business Loans

Is Invoice Factoring Right For Your Small Business?

If your business, like many others, has outstanding invoices and slow-paying customers, you don’t have to be stuck without cash flow. Invoice factoring — selling unpaid invoices to a factoring company in exchange for immediate cash — could be the answer to your troubles. But how exactly does invoice factoring work? Should you use small business […]

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Feb 5, 2020 Filed under: Accounting, Bookkeeping, Invoicing, Business Loans, Invoice Factoring
SBA loans

The Ultimate Guide To SBA Express Loans

Businesses that need $500,000 or less should consider applying for the SBA Express loan. Loan approval is guaranteed within 36 hours, while approval for an SBA 7(a) loan may take several weeks. However, businesses that are willing to wait and need a larger loan should look into the 7(a) program.

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May 31, 2023 Filed under: Business Loans
fast business loans

Top 6 Fast Small Business Loans In 2024

Fast business loans can be a lifesaver, whether you’re ready to grow your business or you need financial assistance to make it through the end of the month. If you don’t have time for a bank loan, consider working with an alternative online lender. Alternative lenders can put money in your account within a couple of days. But this speed comes at a price — specifically, higher interest rates and shorter repayment terms.

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Mar 6, 2024 Filed under: Business Loans, Small Business
5 C's of Credit: What Lenders Look For

What Are The 5 Cs Of Credit?

Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).

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Aug 23, 2023 Filed under: Business Loans