Small Business Blog Posts | Page 17

So you’ve been thinking about how to start a lawn care business. It’s not all that bad of an idea, but as with all businesses, starting a lawn care business requires effort, resources, and know-how. We’ll go over the steps you should take, where to get funding, and how to set up your lawn care business for success.

Want to start an online boutique? Not sure where to start, or how to get funding? Learn everything you need to know here!

A $10,000 business loan is a fairly small amount, so it shouldn’t be too difficult for many businesses to receive one. Many online lenders have short applications and can fund as quickly as the same business day of approval. Lenders may evaluate factors including personal credit score, monthly or annual revenue, and time in business to determine if you qualify.

Since the loan amount is so low, many small business owners will be able to get a $5K small business loan. While not exactly difficult, one thing to remember is that $5,000 loans usually come with short repayment terms and higher interest rates.

If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.

Learn what grants are, their pros and cons, how to find them, and best practices for applying in our guide to small business grants.

Provided she meets all requirements set by the SBA and the lender, it’s no more difficult for a woman to get an SBA loan than her male counterparts. The SBA does not discriminate and provides low-cost funding opportunities for all eligible small business owners.

ROBS stands for Rollover as Business Startup plan. ROBS is a type of transaction you can use to fund your new or existing business by rolling over funds from your individual retirement account, 401(k), or another retirement account.

Unpaid invoices can be a burden for any business. While you know that the money from the invoices will come eventually, slow-paying customers or long repayment terms could have a negative impact on your incoming cash flow — and this could be a problem for your business. Instead of waiting to receive the money owed […]

Even if you have a steady income and a high personal credit score, additional requirements such as time in business or a business credit score make it a tough task to get a business loan. This can be a problem, particularly for startups. Using a personal loan for business allows you to bypass some of these restrictions to get financing for your business.