To repay your loan in a timely manner, it’s important to know whether or not your payments are fixed or variable, how often you have to repay, and how repayments are made. In this post, we’ll break down all the elements involved in paying back a business loan.
Business Loans Blog Posts | Page 38
Note: this is part two of our three-part Small Business Loans 101 series. Head over here for last week’s article: Finding the Right Lender. After you’ve found a few lenders you may be eligible for, it’s time to start applying for loans. Although all have their own process, most lenders appear to have adopted the […]
Searching for a business loan can seem like a daunting task. With so many lenders out there, it’s hard to know what kind of loan you need, where you should apply, and which lenders will actually accept your application. The search for an appropriate business loan will always be a relatively time consuming process, because you […]
Obtaining equipment is one of the most common reasons small business owners seek outside financing. You can acquire everything from computers and desks for an office to farm equipment and heavy machinery without shelling out the full price upfront. But how does equipment financing work? Should you finance the equipment for your business instead of […]
Searching for the perfect loan for your small business can seem like a daunting and confusing task. From merchant cash advances to lines of credit, there are many types of business loans available; all work a little differently, with each charging different costs and fees during the application and borrowing process. The most effective way to get […]
Why Defaulting On Your Business Loan Is A Bad Idea (& Steps You Can Take To Remain In Good Standing)
In danger of defaulting on your small business loan? Find out what might happen and what steps you can take to make sure your loan stays current.
Anybody who gives you advice on getting a business loan is going to tell you to make some comparisons. Don’t go with the first lender that gives you an offer; first take the time to look around, get quotes from different lenders, and make a decision based on what fits your needs and who offers you […]
At the risk of stating the obvious, companies need capital to grow. Often, businesses, especially of the smaller variety, do not have access to the capital that they need when they need it. Thus, the time-honored tradition of lending money — business owners can borrow the money they need and then pay it all back, […]
Anyone who’s taken a loan out knows that the name of the game is interest. You want the lowest interest rate possible, and the bank wants the best return on its investment. This is not necessarily because the bank is greedy or trying to take advantage of you. The fact is that maintaining a financial […]
Searching for a Merchant Cash Advance (MCA), those lump-sum loans paid back daily through debit and credit card sales, can be a time-consuming experience. With so many providers out there, how do you even begin to find the good ones? Worry no more—we at Merchant Maverick are here to help. Here are some useful tips to […]