Blog Posts | Page 13

business loan proposal

How To Write A Business Loan Proposal

A business loan proposal is your opportunity to explain to a potential lender why they should take on the risk of lending to you. It’s a persuasive essay to convince the bank you are a viable business that will not default — you will paint that picture both with a narrative about your business and your profit/loss metrics.

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Jun 8, 2023 Filed under: Business Loans, Small Business
personal loan vs business loan

Personal Loans VS Business Loans: Which Funding Option Is Right For You?

When it comes to loans, every business has unique needs. What works for one business might not work for your own. Before even seeking out a lender, determine if your business can afford a loan and if the loan will truly help your business grow. Then, carefully weigh out the pros and cons of business loans versus personal loans to find the best match for your specific circumstances

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Jun 8, 2023 Filed under: Business Loans
sba loan denied

Why Your SBA Loan Was Denied & What To Do Next

Small Business Administration (SBA) loans are popular with business owners due to their competitive rates and favorable terms. However, these low-interest loans are only available to businesses that meet stringent requirements. Unfortunately, this means that some small businesses will have their SBA loans denied and will need to seek alternative options or apply again in the future.

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Jun 6, 2023 Filed under: Business Loans, Small Business
calculate business loan payment

How To Calculate Business Loan Payments

If a business loan still seems like a solid financial option for your business, you can move into calculating your monthly business loan payment. This will further help you decide if getting a loan will help boost the growth of your business.

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Jun 5, 2023 Filed under: Business Loans
Best banks for LLCs

Best Business Bank Accounts For LLCs

Opening a business bank account for your LLC can be done quickly and easily. You can even apply online. What you need to open a business bank account will depend on how your business is structured and what the bank you choose requires. Expect to provide government-issued identification, an EIN or Social Security number, your business license, and your incorporation documents.

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Feb 14, 2024 Filed under: Business Banking
business banking

What Is Business Banking?

A business bank account doesn’t have to cost you anything. You can find online accounts for your business that have $0 minimum deposits, $0 monthly fees, and $0 minimum balance requirements.

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May 23, 2023 Filed under: Business Banking

Best Commercial Property Insurance In 2024

Business property insurance usually covers some but not all natural disasters. Certain types of natural disasters are almost always excluded from standard policies, including hurricanes, floods, earthquakes, and volcanic eruptions. If you live in an area that’s vulnerable to those types of disasters, speak with your insurance provider to learn your options.

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May 15, 2024 Filed under: Business Insurance
FDIC insurance

What Is FDIC Insurance?

FDIC insurance is a government-run insurance program. The Federal Deposit Insurance Corporation protects deposits made with regulated institutions such as banks. In the unlikely event that your bank goes out of business, the government will step in and make sure that none of the bank’s customers lose their money.

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May 12, 2023 Filed under: Business Banking