When a business needs to establish a physical location the first thing they consider is the old adage “Location, location, location”. What they should really consider is “financial, financial, financial”. Understanding the different types of real estate loans, which ones will apply to which properties, and how they will affect your business, is the first step to figuring out the best path forward for your company’s real estate needs.
A business plan is one of those tools that may seem tedious to create but will be essential to your company’s long-term success. As business owners, we often assume we that we know where our company is going, that the unexpected will never happen, that the company will grow as its expected to.
Our FICO scores impact our ability to borrow both as a business and as individuals. Traditional banks use them as the basis of many of their lending decisions, and a bad score can mean rejection before the ink has dried on the application. This is the reason so many...
A newsletter can be an amazing tool for growing your business. Or it can be an easy way for you to waste hours each week writing things no one will read. What makes the difference? These newsletter secrets will show…
It may seem odd that a bank would reject a small business for a loan, especially if that business has been successful and is looking to grow. Companies new and old often face this rejection, and it may feel like a death toll. But understanding why an application was...