Blog Posts | Page 82

SBA Loans: Current Interest Rates For July 2024

The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. We’ll explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business loans for most general business purposes), CDC/504 Loans (business loans to finance real estate and other fixed assets), and Disaster Loans (loans to rebuild following a disaster).

Read More
Jul 8, 2024 Filed under: Business Loans
installment loans

The Merchant’s Guide To Installment Loans

If you need business financing, an installment loan is probably the first type of loan you think of. As some of the most common and straightforward type of loans available, installment loans are a popular type of business financing. Also commonly referred to as term loans, installment loans can be useful for many business financing needs—from […]

Read More
Mar 11, 2020 Filed under: Business Loans
What is a merchant cash advance?

What Is A Merchant Cash Advance For Business Funding?

A merchant cash advance is a sales agreement where the merchant (the “seller”) is selling their future revenue at a discount to the merchant cash advance company (the “buyer”). Because merchant cash advances are sales agreements, they generally aren’t covered by usury laws that govern loans. This is where they get their dubious reputation. The effective APRs of merchant cash advances can easily crawl into the triple digits.

Read More
Apr 28, 2022 Filed under: Business Loans, Merchant Cash Advance

What Is Affirm & How Does Buy Now, Pay Later Work?

Affirm is a loan company offering “buy now, pay later” (BNPL) options. By providing short-term credit, Affirm lets customers spread out payments in a way that suits their budget. To read more about how Affirm works or to determine whether it would be a good fit for your business and your customers, read on.

Read More
Aug 10, 2023 Filed under: Buy Now Pay Later, eCommerce

The Complete Guide To Card Brand Fees For Merchant Accounts

Credit card associations, like Visa, Mastercard, American Express, and Discover, charge fees for their services every time a credit card is used. If you take credit cards, then card association fees are a necessary evil, since these fees comprise a part of wholesale fees you have to pay in order to take credit card payments. Here’s everything small businesses need to know about card brand fees.

Read More
Feb 28, 2020 Filed under: Credit Card Processing

Shopify Shipping Guide: Run Your Shop Like A Pro

Shopify Shipping is a built-in shipping suite that gives merchants tools to calculate real-time shipping rates, purchase and print shipping labels, and track shipments. Although Shopify Shipping is free for Shopify users on every pricing plan, you should note that it’s only available for orders shipped from the United States and Canada. Read on for more details.

Read More
Jul 11, 2022 Filed under: Shipping