Business Loans Blog Posts | Page 2

business loan proposal

How To Write A Business Loan Proposal

A business loan proposal is your opportunity to explain to a potential lender why they should take on the risk of lending to you. It’s a persuasive essay to convince the bank you are a viable business that will not default — you will paint that picture both with a narrative about your business and your profit/loss metrics.

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Jun 8, 2023 Filed under: Business Loans, Small Business
personal loan vs business loan

Personal Loans VS Business Loans: Which Funding Option Is Right For You?

When it comes to loans, every business has unique needs. What works for one business might not work for your own. Before even seeking out a lender, determine if your business can afford a loan and if the loan will truly help your business grow. Then, carefully weigh out the pros and cons of business loans versus personal loans to find the best match for your specific circumstances

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Jun 8, 2023 Filed under: Business Loans
sba loan denied

Why Your SBA Loan Was Denied & What To Do Next

Small Business Administration (SBA) loans are popular with business owners due to their competitive rates and favorable terms. However, these low-interest loans are only available to businesses that meet stringent requirements. Unfortunately, this means that some small businesses will have their SBA loans denied and will need to seek alternative options or apply again in the future.

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Jun 6, 2023 Filed under: Business Loans, Small Business
calculate business loan payment

How To Calculate Business Loan Payments

If a business loan still seems like a solid financial option for your business, you can move into calculating your monthly business loan payment. This will further help you decide if getting a loan will help boost the growth of your business.

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Jun 5, 2023 Filed under: Business Loans
Best startup loans

Best Startup Business Loans

It can be harder for startups to qualify for business loans since many lenders want to that a business is profitable before they lend it money. One way to get around this Catch-22 is to use personal loans to finance the early stages of a business.

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Apr 24, 2024 Filed under: Business Loans
SBA guide

SBA 8(a) Program & Eligibility Requirements

To qualify for SBA 8(a) certification, your business must be owned and operated by socially and economically disadvantaged individuals. This usually means the business is minority-owned and that the owner doesn’t have many assets. Your company must also sell something that the federal government purchases.

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Jun 1, 2023 Filed under: Business Loans