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? […]
Business Loans Blog Posts | Page 40
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 […]
Equipment financing is the use of a loan or lease to purchase or borrow hard assets for your business. This type of financing might be used to purchase or borrow any physical asset, such as a restaurant oven or a company car. How does it work? What types of equipment financing are available? Get the answers to your questions in our equipment financing guide.
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, […]