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Due to their low borrowing limits, SBA Microloans are one of the easiest loans to receive. However, there are borrowing requirements in place, the application and approval process can be time-consuming, and there may be extensive documentation requirements based on the policies of the lender.

The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.

Working capital is one of the keys to running a smooth business operation. Often, it’s possible to maintain a consistent cash flow just by making smart tweaks to your business model and keeping an eye on your assets and liabilities, but there are times when you may need assistance raising working capital.

If you’ve been searching the internet for information about equipment leasing, you’ve probably run into a wall of industry jargon. Between captive lessors, capital leases, equipment financing agreements, and references to Section 179, the terminology can get pretty opaque. This is especially true when it comes to TRAC leases. If you’ve ever wondered what the TRAC lease is, how it works, or even just what the acronym stands for, you’ve come to the right place.

If you have questions about completing your loan application, you can always ask your SBA-approved lender. If you haven’t yet found a lender to work with, SCORE is a great resource. This nonprofit organization provides resources and services including free business mentors that can help you through every step of the process.

Some loans, such as long-term installment loans and SBA loans, are difficult to qualify for and have lengthy application and approval processes. However, there are other loans like short-term loans, lines of credit, and merchant cash advances that are easier to qualify for, even if you have a short time in business, low revenue, or poor credit.

Live Oak is less traditional than many of its competitors, offering speed and convenience to prospective lenders in all 50 states. However, the convenience comes with some trade-offs, including a limited breadth of products available to a small number of industries.

We believe that Helcim is one of the best POS systems for businesses in the retail, subscription, and/or service industries, especially B2B and B2G businesses, with higher average transaction sizes and higher monthly sales volumes. This is because larger businesses will be charged lower per-transaction payment processing fees under Helcim’s interchange-plus payment processing model.

If you run a small business, chances are you’ve come across the term “UCC Lien.” What is a UCC (Uniform Commercial Code) filing? Are UCC filings bad? How do I file a UCC termination? Learn what UCC filings are and how to protect your small business.

Short-term business loans are a relatively recent addition to a merchant’s arsenal of business loan options. Introduced in the last decade or so, short-term loans are similar to traditional installment loans, but fees are calculated a little differently.