No matter how good you are at planning, it’s impossible to prepare for every possible emergency that may affect your business. Acts of God like hurricanes, floods, and fires aside, invoice payments might be late. You may have experienced a fluke sales slump. Or maybe you just need to restock before a big event next […]
Have you seen the term “commercial loans” in an ad from a bank or alternative lender and wondered what, exactly, that meant? Or where you’d look for one? Or what the terms of a commercial loan might be? We’re here to help! What Are Commercial Loans? A commercial loan is simply a financial agreement made […]
Few things in life feel as good as a fresh start. This is especially true when you’re launching a new business and are full of enthusiasm to start making your dream a reality. But if you’ve been through some financial hardships that have left your credit score battered and bruised, a fresh start can be hard to come […]
Restaurants have a (somewhat unfair) reputation for being especially risky businesses that are hard to get off the ground. The good news is that restaurant business loans aren’t especially hard to find, even if you’re looking for a loan to start a restaurant. Want to know how to get restaurant financing or how to get […]
Having a good credit score is integral to getting goods and services at a reasonable rate. Most creditors will look pull up at least one of your scores, whether you are looking for a loan, housing, a credit card, or some other product or service. It’s important to have at least a rough idea of […]
PayPal Working Capital (see our review) loans are a convenient and relatively low-cost way for merchants who use PayPal to borrow money. Applications are short, repayment is automatic, and fees are normally very low. Unfortunately, merchants report being denied access to this service, often without a clear explanation as to why. While some merchants report success after waiting […]
Square Capital (see our review) loans are, understandably, beloved by most Square users. For the most part, Square has streamlined the typically drawn out and inconvenient loan process. With a Square Capital loan, you don’t have to spend time filling out long applications, gathering various documents, and remembering to write checks. It’s no wonder Square Capital is […]
Business financing is often a necessary part of growing a business, but when it comes to finding capital, it can be difficult to know where to start. Should you get a credit card? What about a loan from your local bank? Is there useful financing out there that you haven’t even heard of? Read on, […]
Small business owners searching for a merchant cash advance (MCA) or short-term business loan (STL) are often surprised to learn that their capital has come with a very high effective annual percentage rate (APR). The fact that your cash advance might have an effective APR reaching into the triple digits can be a big surprise. After all, that’s a very large number. […]
Short-term loans are a relatively recent addition to a merchant’s arsenal of business loan options. Introduced in the last decade or so, short-term loans are similar to traditional installment loans, but fees are calculated a little differently. These loans are useful for a lot of merchants, but also have some characteristics which might make them […]
