Is Loan Stacking and Right For You? There will come a time in your small business’s life cycle when you will need to borrow. Whether it is to expand, to take advantage of a new business opportunity, or to develop a new product, it is rare that existing cash flows…
Last Updated on August 10, 2023
Applying for a business loan or any other type of loan isn’t what it used to be. No more do you have to drive to a bank, sit in an office with a lender, and fill out forms. Today, it can all be done online. Including income and assets verification.Bank…
Last Updated on March 5, 2023
The supply chain disruptions and rising prices of the last two years show no signs of easing up. According to the NFIB Small Business Optimism Index, small business owners’ optimistic outlook for the rest of the year has dropped 1.8 points since January 2022 - and 22% of them give…
Integrating Online Options to Maintain or Even Grow Your Business Ever since the COVID-19 pandemic arrived, businesses have had to get creative about how to maintain or grow their revenue base. States have instituted shelter-in-place or social distancing orders, and many brick and mortar companies have been completely shut down.…
Last Updated on May 16, 2020
How to get COVID-19 Business Loan & GrantsThree packages recently signed into law are geared to aid this country and offer relief due to the Coronavirus (COVID-19) outbreak: The Coronavirus Preparedness and Response Supplemental Appropriations Act, signed into law on March 6, 2020, The Families First Coronavirus Response Act Signed…
Veterans own 2.52 million businesses in the United States, primarily in the finance, insurance, transportation, and warehousing industries. Women own 15.2% of those businesses, but organizations and lenders are working to increase that percentage.Women’s Veteran’s Alliance has created an online directory of businesses owned by female veterans, the Veteran Women’s…
Last Updated on March 5, 2020
Taking the leap and applying for a small business loan can be scary. What if cash flow does not match your projections? Will borrowing really help you achieve your goals? Whether it is your first or your tenth loan, before you apply you want some reassurance that it is the…
Last Updated on February 5, 2020
Small business owners who need to borrow capital often look at the interest rate first when making a lending decision. The interest rate a lender charges represents what you will pay to borrow the funds. In effect, it is the price tag on your loan.If you read an article about…
Last Updated on September 11, 2019
Understanding Your Business Loan AgreementYou have been approved for a small business loan – congratulations! But do you understand it? Your business loan agreement contains all of the information on the contract formed between the business owner and the lender. While not always the easiest set of documents to understand,…
Last Updated on August 16, 2019
You can get business loans from many different lenders. But most business owners go to the places they're familiar with: banks.Getting a business bank loan is different from getting other types of loans. They're harder to get. There's often more paperwork and more waiting. It can be a hassle.On the…
Last Updated on June 27, 2019
