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What Is A Sole Proprietorship? The Complete Small Business Guide

Registering your business? Wondering if a sole proprietorship is the right business structure for you? Learn the pros and cons of this type of business structure.

SBA Loan Credit Score Requirements: Minimum Required Score By Loan Type

Small businesses looking to take advantage of the Small Business Administration’s (SBA) loan programs’ excellent rates and terms face what is often a complex and confusing application process. We’ll go over the minimum FICO score SBA loan requirements for each type of SBA loan and what you can do if you don’t think you’ll qualify.

The Ultimate Guide To SBA Loans For Women

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.

The Ultimate Guide To SBA Franchise Loans

SBA loans are popular with small business owners due to their competitive rates and terms. Many small businesses, including franchises, are eligible for these funding opportunities.

Dissolution Of A Dream: One Small Business’s Journey To Closing Its Doors

Located in Portland, Oregon’s Sellwood neighborhood, the Pied Piper cafe opened in 2015. The business boasted a contained play area, served fresh food, and even had a patio and on-site parking. It was also the type of desired community gathering spot dreamed about by other frazzled parents juggling work and kids in the upscale district. Owner Melissa Swan recently closed her doors. Read more about her journey here.

Secured VS Unsecured Business Loans: Which Is Better For Your Business?

Since your personal cash and assets are still on the hook with an unsecured loan — particularly if the lender requires a personal guarantee — it’s usually best to get a secured loan in order to qualify for a higher lending limit and lower interest on your payments.

What Is Equipment Financing: How To Purchase Hard Assets With Loans & Leases

Whether you’re paving a road or writing software, sooner or later you’re going to need to buy, upgrade, or replace your business-related equipment. Unless you’re lucky enough to have a lot of cash on hand, the costs of doing so out of pocket may prove prohibitive. If you don’t have the luxury of waiting, you’ll need to seek financing. When that happens, you should consider an equipment loan.

Small Business Microloans: What They Are & Where To Get Them

A microloan is defined as a small loan that is typically for $50,000 or less. Microloans offer an alternative to traditional bank loans. These loans are for smaller amounts, so they are easier to qualify for, opening up options to small businesses that aren’t eligible for conventional loan options, either due to low revenue or lack of establishment.

What Is Equipment Financing & How Does It Work?

Equipment financing is the use of a loan or lease to purchase or borrow hard assets for your business. This type of financing might be used to purchase or borrow any physical asset, such as a restaurant oven or a company car. How does it work? What types of equipment financing are available? Get the answers to your questions in our equipment financing guide.

What Is A Lease Line Of Credit?

We often think in terms of insurance for expensive items we already own, but when it comes to anticipated future expenses, we usually only think in terms of savings. Businesses that expect to replace equipment in the near future, however, can prepare for those expenses in another way: by seeking a lease line of credit. […]