If you're just getting into a business, perhaps your first foray into entrepreneurial territory at all, you'll probably hear the words "merchant cash advance" at some point along the way.
Whether money is needed to fund a new project or to expand on an existing one, the same rules apply with respect to gaining the attention and generosity of lenders.
When new technology sprouts up, there is often a battle between two entities: old guard vs. new. Normally, the old guard will hold on to its original ways as long as possible until it has no choice but to adapt.
Most entrepreneurs want to cast a wide net when applying for loans. Before you make your final decision about which loan option is the best for you, here are some things to keep in mind about unsecured loans.
Because so many Americans drink multiple cups a day, people are reliant on coffee shops and cafes for their daily caffeine intake. Are you doing your best to serve them well so they'll keep coming back?
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.
The Small Business Administration has many helpful platforms and programs that are specifically geared towards veterans who are looking to engage in entrepreneurship and start their own small businesses. One such program is the Military Reservist Economic Injury Disaster Loan program (MREIDL).
Finding a loan without collateral is never easy. Unsecured loans are hard to come by in the best of circumstances. Throw in some iffy credit history and it can seem almost impossible. It is not impossible to get one, however.
If you are in the start-up phase of owning a small business, give yourself some credit because it's unlikely anyone else will. Small businesses have an extremely difficult time getting credit from the one place they really want it: lending institutions.
More than anything else, running a business means managing your cash flow, regardless of how well your business is doing. And getting a cash boost every now and then is something every business could use.