Your 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 and […]
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 […]
Read moreHow to Get a Bank Business Loan
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 other hand, banks […]
Read moreSmall Business Loans for Veterans
Veterans have all the tools they need to find success as small business owners. Discipline, focus, and the ability to set and achieve a goal. Did you know that the Play it Again Sports franchise was started by an Army veteran? Other businesses started by veterans include a tutoring service, a restaurant and hospitality business […]
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