A Guide to Debt Consolidation
What is Debt Consolidation? It is not uncommon for small business owners to have multiple forms of credit open. Whether it is a business line of credit, a small business loan, or some other type of loan that you may have stacked on another loan to launch a business or just keep it operating. At […]Read more
Your Taxes Are Not Done, But You Need A Loan. Now What?
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 […]Read more
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 […]Read more
The Practice of Business Loan Stacking
Loan Stacking, What it is and If It’s a Good Idea 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 […]Read more
When Do You Take a Business Loan?
When You Should Take a Business Loan Timing is everything, right? When it comes to running a small business, the timing of business decisions can make or break it, and nowhere more than when taking out a small business loan. If you take out a small business loan too early, before your project or plan […]Read more
Don’t Make Your Business Loans Personal
Small business owners often compensate their work at their company in the form of a salary as well as using the company’s cash flow to pay for additional expenses in their everyday lives. This might include cars or transportation, cell phones and other technology, as well as a variety of other expenses. In fact, many […]Read more
So You Think You Can Borrow
There’s no doubt you’ve heard the phrase “it takes money to make money.” And, in most instances, it’s true. All start-up businesses need capital to get their feet off the ground, and existing businesses need money to launch new ventures. While all businesses do indeed need money to make money, it’s vital, however, to understand […]Read more
Top Ways People Use Small Business Loans
Starting a new business is nothing if not expensive. Many entrepreneurs will start off with great ideas, but, unfortunately, those ideas need the backing of a lot of capital in order to get off of the ground. Some entrepreneurs have the blessing of a trust fund, a rich family member, great credit, or even angel […]Read more
Why Do Businesses Fail?
When you first start a business, you probably have visions of grandeur, and you should. You are undertaking a new and exciting adventure, and are about to follow your dreams! However, before you get lost in excitement, it’s important to do your research and know why most businesses fail within their first two years of […]Read more
Borrowing Money From Family For Your Business? Good Idea Or Bad Idea?
If you are starting a new business and are in need of capital, you have many different options. You can apply for a traditional bank loan if you have good credit, and typically, you can get a good interest rate. If you don’t have great credit, there are other options like alternative lending sources such […]Read more