Picture this: you get a credit card for business expenses that comes with a high APR. Maybe it’s because you didn’t know any better, needed quick credit for an emergency, or simply didn’t have the credit score to qualify for better offers. No matter what the reason, you’re not alone. Even the savviest consumers and […]
Business Loans Blog Posts | Page 30
If you’ve ever applied for a loan — whether it be for a car, a house, or even a small business — then I’m sure you’re well acquainted with the importance of credit scores. But what about credit reports? Credit reports tell lenders about your credit history and indicate how reliable you are as a […]
Your startup is off the ground and you’re ready to make your next move, but you need funding — or maybe you have a fantastic idea that will completely shake up your industry, and you’re anxious to get your project rolling. Whether you’re in the early stages of setting up a new business or you […]
The SBA 504 loan is a financing program offered by the Small Business Administration and Certified Development Companies. The loans, while selective, are open to eligible, for-profit small businesses operated by United States citizens and resident aliens. 504 loans are fit for small businesses in search of fixed interest rates with long-term financing and smaller down […]
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.
The Small Business Administration is an indispensable resource for business owners in need of financing. In partnership with banks, credit unions, and other financial institutions, the SBA offers low-cost government-backed business loans. SBA loans can be used for most business uses, such as working capital, inventory, equipment, refinancing, and real estate. SBA loan borrower requirements […]
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.
There are many reasons why a business owner might be in need of the extra support provided by an SBA (small business administration) loan. Whether you’re looking to expand your business across your state, you need equipment to begin operations, or you’re facing an unexpected setback, it’s always nice to have access to additional cash […]
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 […]
With the advent of online business loans — loans that are fast and easy to obtain online — merchants have more financing options than ever. Before, when business owners needed money, they had to go to a bank or credit union or work with niche funding options like invoice factoring and merchant cash advances. Now, […]