Leasing terminology isn’t the kind of vocabulary you’re likely to develop in your day-to-day life, so if you’re looking at leasing for the first time, you’re likely to be confronted with a cryptic battery of jargon. One of the stranger phrases you might encounter is captive lessor. While it may conjure up images of a […]
Business Loans Blog Posts | Page 40
Chances are, if you’re running a business, you’ll need equipment, whether it takes the form of chairs, registers, or pile drivers. Purchasing these items may require more cash than you have on hand, forcing you to take out a loan. On the other hand, purchasing equipment that becomes obsolete quickly often doesn’t make sense, fiscally. […]
If you’re a distributor or reseller who does not have the funds to fulfill customer orders, purchase order (PO) financing may be for you. Although PO financing tends to run on the expensive side, it can be a useful financial tool for businesses that have exhausted their other financial options. What is purchase order financing? […]
Welcome to another round of the POS integration Hunger Games! Previously, we witnessed the battle of many POS systems’ add-ons: Revel, Shopify, Vend, Breadcrumb, ShopKeep, and NCR Silver. This week, Lightspeed POS (Restaurant edition) will join these hallowed ranks. Founded in Montreal, Lightspeed is an established POS provider that offers two distinct systems: Lightspeed Retail (which we […]
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.
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.