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How To Buy A Franchise When You’re Short On Funds
Franchises are a tried-and-true way to start a business, but they can cost a lot of money up-front. Want to buy a franchise, but can’t afford the startup costs? Learn about your best option for starting a franchise with no money right here.
Best Equipment Financing Companies For Small Businesses
Whether you’re looking for an equipment lease or loan, one of these seven equipment financing companies is sure to be the best option for your small business.
How To Start A Food Truck
Thinking about starting a food truck business but not sure how to start? This article brings you through the whole process step-by-step, from creating a business plan to funding and marketing your business and everything else in between.
Currency Finance Review (Formerly Currency Capital)
Currency Finance (formerly Currency Capital) is an alternative financing company that offers a platform to connect customers with third-party equipment loans and leases. Currency offers an impressive amount of equipment capital to new businesses, but its funding process can still drag out.
What Is A Lease Line Of Credit?
A lease line of credit — also known as an equipment line of credit — addresses that issue. Rather than financing a specific piece of equipment, the lender will grant you a line of credit for a limited period of time (typically one year). Similar to a personal or business line of credit, you’ll be given a credit cap.
The Ultimate Guide To SBA Community Advantage Loans
The SBA launched the SBA Community Advantage loan program to help businesses in underserved areas receive low-interest financing with reasonable terms. Business owners that can’t receive financing through traditional loan programs can take advantage of competitive rates and terms through this SBA pilot program.
Commercial Bridge Loans: What They Are, How They Work, & When You Need One
If you need a way to cover gaps in cash flow while waiting for your loan disbursement, which can take weeks to receive, there’s an option called a commercial bridge loan. Bridge loans are handy for several types of situations but remember that the terms are short and interest rates are high, so make sure this is really the option for you.
Commercial Fleet Financing Review
If your business needs equipment, Commercial Fleet Financing is worth a look. CFF boasts multiple loan and lease programs for established businesses, startups, or borrowers with credit challenges. The application process is easy, funding is fast (in most cases), and customer service receives glowing reviews.
What Are The 5 Cs Of Credit?
Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).
The Complete Guide To POS Hardware
Different types of businesses need different types of POS hardware. Retail businesses typically need a tablet, tablet stand, cash drawer, receipt printer, and barcode scanner. A restaurant may not need s barcode scanner (unless they also sell merch), but will need other peripheral POS equipment such as kitchen printers and handheld ordering devices.
