If you conclude that your business needs more capital to sustain operations and fuel future growth, you have a wide range of options. There are traditional bank loans, but there are also many alternatives with different costs, terms, impacts on your credit rating, and application processes.
Entrepreneurs exploring options on funding a small business often turn to bank loans as an effective way for them to get initial capital to pay back once they have income flowing in. However, a recent report from The Wall Street Journal indicates that while there's been slight growth in small business lending, the numbers are not very promising.
Are you overly worried about your small business debt? Well, you’re not alone. Nearly 50% of small businesses collapse because of the following reasons: ...
Small business lending is a chameleon. Constantly changing, the small business lending landscape has gone through a lot of twists and turns since the dawn of the Recession, doing more 180s than Shaun White on a snowboard.
What makes a business a good candidate for a bank loan? What are loan officers looking for? Read on for the answers to these questions.
What's the difference between a bank and an alternative lender? One of the most significant is the different requirements banks place on small businesses...
Cash flow is essential for any business. It is vital for both survival and growth, but maintaining a healthy cash flow can be problematic in today's economic climate. Many businesses will suffer cash flow difficulties at some point and the unfortunate reality is that if cash flow problems are not addressed early on then intervention will be required later in the form of business recovery.
Credit is more readily available in 2014 than it was in previous years. However, you still have to be smart and do everything you can to increase your chances of getting a start up business loan.
Sometimes even after the startup phase is over and your small business is well-established and successful, you will need to access financing.
Your business’s credit score is based on the same principles as your personal score. But there are scenarios where your credit score may not accurately reflect your business’s financial stability. If you feel that is the case, here are some steps you can take to improve your score.