Here’s a practical small business loan tip: Once your business is off the ground, it can be difficult to identify when you’ll need more funding. Your business could be running smoothly, even surpassing your expectations. Is this the right time? Or maybe you’re having issues with cash flow. How about then? Lots of different scenarios…
A CDC/SBA 504 loan can be a valuable source of long-term, below market, fixed rate money for a small business. There are set specifications that dictate where and how you can spend any of the money that you receive from this loan type. They work by combining a loan from a non-profit Community Development Corporation…
For small business owners, building and maintaining strong personal credit scores can be the difference between your company’s success and ruin. It seems counterintuitive that your personal credit score can have such an effect on your small business, but it’s true. Here are ten things to know about your personal credit score, its effect on…
Merchant cash advance loans were one of the most common and well-known funding options for small businesses. It’s an option for those with bad credit, and it promises money in your bank account extremely quickly. Most entrepreneurs launching their first business usually opt for a Merchant Cash Advance (MCA), or they apply to get a…
Credit score is the key to a favorable business loan rate. While many people are under the impression that their credit score is only relevant when they need to apply for business credit cards or get a business loan, the fact is that your credit score follows you everywhere. It will play a massive part…
In the world of business, having a business credit card is almost a requirement to run a company. Many businesses have direct pay or wire agreements with some of their vendors, but for almost every other kind of purchase it has to be a credit card. Just like the consumer market, several companies offer special…
Regardless of which type of loan you’re applying for, there are certain steps you’ll always need to take to apply for a small business loan. So before you invest time, money, and energy into the process, have a look at these steps. Step 1: Ask yourself why you need this loan. In some ways, this…
SBA Small Business Loans are a bit of a misnomer. The Small Business Administration does not directly lend money. Rather, the agency provides government-backed loan guarantees that mitigate risk for its network of approved lenders. The guarantees range from 50 to 85 percent, depending on the type of loan and the amount. By reducing banks’…
Creating a smart digital marketing strategy is an important finishing touch on a small business. Once your business is organized just how you envisioned, your team is strong, and you’re ready to put your product out into the world for customers and clients to find and use, you need to ask yourself how people are…
