How do Business Loans Work? A business loan is a form of borrowing designed to support business purposes. A car loan allows you to buy a car, a mortgage enables you to buy a house, and a business loan could help your business grow and succeed. When you decide to apply for a business loan, […]
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Business Financing Advice
How Do Business Loans Work?
How do Business Loans Work? A business loan is a form of borrowing designed to support business purposes. A car loan allows you to buy a car, a mortgage enables you to buy a house, and a business loan could help your business grow and succeed. When you decide to apply for a business loan, […]
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Why APR on Business Loans Does Not Matter
Why Your Business Loan APR Does Not Always Matter 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 […]
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Understanding Guarantees in Business Loan Agreements
Guarantees in Lending and the Consequences Behind Them When you applied for a small business loan, you probably focused upon getting the best rates and terms and worried you might not even qualify for a loan. Once approved, the feelings of relief and excitement could be overwhelming. As you are going over and thoroughly reading […]
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Lending Industry News
Alternative Business Loans Assist Small Businesses
Alternative Business Loans Help Businesses Grow The reputation of the alternative lending industry is suffering due to the proliferation of exposés using isolated incidents as circumstantial evidence aiming to delegitimize the industry as a whole. It is imperative to address this hot button issue. Why? Because lone wolf incidents aside, alternative lending is the backbone […]
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Top Reasons to Avoid Bank Business Loans
Top Reasons to Avoid Using a Bank for a Small Business Loan When most small business owners realize that it is time to get a small business loan, they might think that a bank or traditional lender is their only option. Even if they are aware of other options, such as alternative lenders, they might […]
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How to Choose a Lender When Banks are Not an Option
How to Choose a Lender When Banks are Not an Option When it comes to finding a lender for a small business loan, you have a plethora of good lending options. The main two types of lending options for small business owners include traditional banks and alternative lenders. The type of lender you end up […]
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Tips and More
Grocery Stores are Better for Community with Business Funding
Local Grocery Stores Better with Business Funding The term “food deserts” has become popular in recent years, as studies have shown that many families lack access to healthy fruits and vegetables within their neighborhoods. Poorer neighborhoods, particularly those in urban areas whose demographics are primarily minority racial groups, are particularly lacking in fresh and healthy […]
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Paying Off Business Loan Debt Faster
Tips for Paying Off Business Loan Debt Faster There are many advantages to paying off a small business loan faster than your repayment schedule. Accelerating your repayment period will save you interest in the long run. Paying down the loan could improve your credit score if your debt ratio is too high. It can also […]
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Tips to Secure Bad Credit Business Loans
Tips for Acquiring Bad Credit Business Loans Running a small business can be incredibly rewarding; it can also be one of the biggest challenges a person can experience in their lifetime. This is especially true for those who suffer from poor credit. A low credit score can make many parts of life difficult, including obtaining […]
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