A business loan can serve many purposes, from covering startup costs to keeping cash flowing or allowing for expansion into new products or markets. Before you get one, it’s important to decide how you plan to spend it. After all, if you don’t have a solid plan for using the loan proceeds (and paying it […]
Business Loans
Bad Credit? 5 Things to Do Before Applying for a Loan
Low credit score? The bad news is that your current credit score prohibits some lenders from doing business with you. Fortunately, there are lenders who are willing to extend financing to those with less than ideal credit. By finding the right lender and taking the time to follow the steps to qualify for a personal […]
Are Fast Business Loans Still Available During Covid-19?
The world of small business today in America is anything but certain, thanks entirely to the coronavirus and the devastating impact it’s had on our citizenry and our economy. As a smart and strategic small business owner, the odds are pretty good you’ve done everything you can to find a way to protect yourself, your […]
How to Deal with a Sudden Cash Crunch
It’s unfortunate but true: unexpected financial emergencies happen all the time to small businesses. Another unfortunate truth: most small businesses are not prepared to weather a prolonged financial emergency. JP Morgan Chase estimates that the average small business has 27 days of cash in reserve, while many small brick-and-mortar stores may have less than 20 […]
6 Resources for Veterans Looking to Start a Business During Coronavirus Crisis
As the economic effects of social distancing and shelter-in-place are felt across the country, many are left unemployed and struggling to find supplemental income. While this is a tough time for many Americans, this is also a much needed pause in time that aspiring veteran entrepreneurs can take advantage of. While it may be difficult […]
6 Powerful Ways to Improve Your Business Credit Score
Your business credit score is crucial to the overall health and success of your business. If you own a company and have any kind of open credit, then you will have a credit score. If you are looking to get financing then you may want to explore different ways to improve yours, so that you […]
4 Innovative Ways to Expand Your Small Business
If you are considering expanding your small business, you might be a bit unsure as to how to go about it. There are many things you can do to ramp up sales, venture into new territory, and increase your customer base. Here are 4 ways to expand your small business. Financing your expansion Perhaps you […]
Top 4 SBA Myths Dispelled
The Small Business Administration (SBA) loan program is amazing. It’s a big driver of the economy. Every year, the SBA, a government agency, guarantees thousands and thousands of loans to small business across the United States, totaling several billion dollars (not a typo, that’s billion with a “b”!). There are a bunch of unique features […]
7 Must-Have Requirements Before Applying for a Business Loan
You might have taken a personal loan in the past, and quite possible the experience was pleasant. However, business loan requirements are different. You need to understand that the risk for a lender is significantly higher in this case, because of the eligibility criteria. The process for applying to a business loan is strict, and […]
Don’t Dismiss These Basic Ways to Raise Funding for Your Business
A new business needs all sorts of things to survive, but above all else it needs money. Without money, you cannot hire additional workers, maintain a website, own office space, and so many other things. And so many potential entrepreneurs want to know where they can obtain funds to turn their great ideas into reality. […]
