Starting a business is exciting, even during uncertain times. But no matter what industry you’re planning to enter into, you’ll need money to make it happen. There are dozens of ways to finance a new business, but some of them are better than others. Here are five proven and easy ways to get your business […]
Lenders
The Small Business Owner’s Guide to Restaurant Financing
Running a restaurant can be hectic—and when it comes to maintaining positive cash flow, you might be feeling the heat. Business funding may be the answer to keeping things running smoothly. In this guide, we’ll explain: How you can put financing to use for your restaurant. Factors to consider when weighing your restaurant loan choices. […]
4 Top Tips to Economically Fund a New Small Business
Before 2008, small businesses could easily secure funding. Everything changed once the Great Recession took hold. The days of easy funding ended in a matter of weeks. Banks experienced the worst credit crunch in over 70 years, which took its toll on many aspiring companies. The economic reality for small businesses gradually improved in the […]
Avoid These 5 Common Mistakes on Your Loan Application
Lack of preparation and poor planning can sink your chances of getting approved for a small business loan. Your loan application is an opportunity to present your business in the best light. In other words, it’s your chance to minimize the risk you represent and maximize a lender’s confidence in your ability to repay the […]
Would You Sign a Personal Guarantee if You Have Investors?
It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. But what if you’ve diluted your interest from 100% to something less than 50%? Should your investors expect you to carry 100% of the risk? The short answer is “yes.” […]
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 […]
6 Hottest Alternative Lending Programs for Small Businesses
Small business has changed a lot in the past few decades, a lot of it good but some not. However, one of the most significant positive changes to the small business landscape over the past decade has been the explosion of alternative funding options available to new and seasoned business owners. What was once a […]
Your Personal Credit Score Matters More Than You Realize to Your Business
As an entrepreneur, it is assumed that you are aware that your business credit matters. It makes a difference in applying for loans, it affects your credit score, and improves your ability to apply for credit with your vendors. But How Aware Are You? Lenders of all kinds, especially banks, will look at how your […]
What is a Loan Broker and When Should You Use One?
As a small business owner, you know what it’s like to feel like you need to be an expert on every aspect of running your business — even though that’s next to impossible. Applying and getting approved for a small business loan, for example, is likely completely new territory. How can you be sure you’re getting the […]
Take These 4 Steps to Secure Your Small Business Loan the Right Way
Everyone needs capital to turn a great business idea into reality, and most startups secure their first outside financing by talking to friends or family. But at a certain level, your small, growing business needs to secure loans to expand operations and finance expenses. Despite the recent good economic growth in the United States, banks […]
