Business Loans Blog Posts | Page 17

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

6 Fast Business Loans For Small Businesses

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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Nov 25, 2020 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