Having good credit is a very important factor to getting a business loan. The higher your credit, the more loans you’ll have access to, and the better rates you’ll be offered. Frustrating as it may be, applying for a business loan (or other sources of funding) can have a negative effect on your credit. Knowing […]
Business Loans Blog Posts | Page 37
When it comes to loans, we like to talk a lot about comparison shopping here at Merchant Maverick. And while we provide a lot of handy information here, it’s best to consider our website as just one of many tools in your box. So what are some the best small business loan resources you can […]
Although factor rates and interest rates appear similar, there are some important differences which potential borrowers need to be aware of. Fixed fees (the fee determined by a factor rate) are only calculated once, before the loan is issued. The fee will stay the same, regardless of how long repayment takes. On the other hand, interest rates are accrued over time—the longer your loan is outstanding, the more fees will build up. Read on for more about the difference between factor rates and interest rates.
For minorities seeking business loans, the normal challenges of financing can be compounded by lending biases, systemic racism, language barriers, and geographical positioning in communities that have been written-off by many lenders. It’s not all bad news, though. Many institutions and organizations have programs designed to circumvent these issues and get money into the hands of minority entrepreneurs.
If you need equipment financing for your business, it’s easy to be overwhelmed by the sheer number of options available to you. You’ll have a choice between a number of different lease types that can be tailored to your needs based on term lengths, ownership preferences, and buyout options. Businesses seeking even more flexibility can […]
PayPal Working Capital offers easy to understand, customizable loans that are certainly an excellent resource for PayPal users. Read this informative article and learn everything you need to understand PayPal Working Capital and decide if it’s the right loan for your business.
The rise of crowdfunding has been one of the more remarkable stories of the past decade. The leading crowdfunding platforms have sent billions of dollars to projects and causes that otherwise might never have seen the light of day. It is a form of fundraising that best encapsulates the way we live in this young, turbulent […]
We often think in terms of insurance for expensive items we already own, but when it comes to anticipated future expenses, we usually only think in terms of savings. Businesses that expect to replace equipment in the near future, however, can prepare for those expenses in another way: by seeking a lease line of credit. […]
Square Capital is an easy-to-understand, convenient loan product for Square borrowers. Although the fees can be a little expensive, they’re still generally comparable to or better than those of its competitors.
Kickstarter has become the go-to means of financing a project for the modern-day media-savvy producer of technological, artistic, and cultural goods. The prospect of being able to tap into a community of moneyed consumers eager to get in on the ground floor of The Next Big Thing is a tempting one indeed. Especially when you consider […]