Think Twice About Using Credit Cards to Finance Your Business
Business credit cards help small business owners stay afloat. In one survey, 31% of small business owners said they had used their card to meet capital needs in the last year. The market for small business credit cards is $500 billion, and more credit card companies are working to reach small business owners. If an […]
Read moreSmall Business Borrowing Success Stories
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 right choice for your business. […]
Read moreYour Taxes Are Not Done, But You Need A Loan. Now What?
In the lull between the holiday season and when things pick back up, your business could run into financial difficulty. Perhaps holiday sales or credit transactions have not settled yet, but a supplier is demanding payment. Or, you failed to set aside money from previous months to cover a slight dip in revenue. For whatever […]
Read moreHow 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, you should have a clear purpose […]
Read moreWhy APR on Business Loans Does Not 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 you read an article about small business lending […]
Read moreUnderstanding Guarantees in Business Loan Agreements
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 your loan agreement, you may encounter a personal […]
Read moreHow to Read Your Business Loan Agreement
Understanding Your Business Loan Agreement You 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, business owners who want […]
Read morePrivate Business Loans Assist Women Business Owners
Private Business Loans for Women Women start more new businesses than men and account for over 36% of all companies in the United States. They are becoming entrepreneurs at higher rates than men and generating better returns. However, they can still struggle to find the capital they need to get their businesses off the ground […]
Read moreCalculating Your Debt Service Coverage Ratio
Can you make your Payments on a Business Loan? You know that you need a business loan, but can you afford one? Small business owners take out loans for a variety of reasons, from wanting to expand to needing help managing cash flow. Sometimes the reason is urgent, and without the capital your business could […]
Read moreClosing the Gender Lending Gap Through Alternative Lending
Closing the Gender Lending Gap Women continue to increase their participation in the business world. Everyday female entrepreneurs launch new businesses and many of them continue to thrive. Many of these early stage companies require additional working capital to fund their continued growth. Unfortunately most of these women entrepreneurs or business owners are realizing how […]
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