Business Loan Blog
Resources for securing business loans
The financing world can be complicated. We are here to help you make sense of it all and stay on top of a rapidly changing industry.
How to best work with the SBA to improve your business.
The Small Business Association can be an invaluable resource for your business. Dedicated to finding capital and other resources for planning and management, the SBA facilitates small business loans, provides grants from research, and provides disaster assistance....
Putting your business into the best position to raise capital
At some point in the growth cycle of most businesses, they need access to funds for payroll, capital investment, stock on hand, expansion or rebranding. However, there are a lot of criteria that determine what type and how much funding a business is able to draw.
5 questions that you should ask before buying a franchise
Entrepreneurs considering investing in a franchise have a responsibility to due diligence. To minimize risk and maximize your opportunity for success there are some key questions you should answer before moving forward.
What the Fed’s Survey Findings Mean for Your Business
Recently the Federal Reserve completed a survey of loan officers from 72 of the US largest banks. The results showed that many banks have recently loosened their standards for lending approval. This can have a direct impact on how your business’ loans are processed and approved as you seek capital.
Refinancing Your Loan: How to find the best option for your business
Refinancing, when done correctly, can significantly boost your business. It can save you money, allow you to repay your loan more quickly, give you access to additional cash, or even free up your assets for other use.
Loans Brokers vs. Digital Lenders
Most business owners will seek a capital loan at some point in their careers. Luckily, we live in a world where there are a variety of lending opportunities readily available. Traditional banks, alternative lenders, and digital lenders have all become go-to sources for capital.
How to best navigate buying a franchised business
Buying into a franchised business is one of the easiest ways to enter the world of business ownership. Much of the groundwork has already been laid, with the necessary work of determining branding, services, and marketing already completed for you. However, franchising can also be an expensive endeavor. This is where franchise financing can help ease the process get your doors open quickly.
Money Saving Tips to Help You Pay Off Business Loans
Paying off commercial loans can seem like a daunting task. However, with careful planning and attention to details, it can become far easier to manage. Here are some of our favorite tips to help you pay off your business loans quickly. Have a business plan The first...
Your Business Credit Score
Credit scores may be complex, but they play a pivotal role when you apply for commercial financing. Understanding how your commercial credit is calculated, and what you can do to improve it, positions you to easily obtain funding when your company needs to grow.
Bridge Loans – How to do them right
Bridge loans are a powerful tool to further corporate growth, but if executed incorrectly they can also prove extremely expensive for your company. Simply put, a bridge loan is a temporary loan that is obtained while the borrower waits for approval for a long-term loan. There are various reasons that bridge loans can be difficult to work with, from terminology to timeline, but understanding how to implement them correctly can save you a lot of time, headache, and expense.
Picking a Commercial Loan Broker: How to Find the Best Partner for Your Needs.
Getting the capital, you need to run your business is a daunting task. Banks can be frustrating to work with and finding a loan on your own can seem impossible. Commercial loan brokers can be a middle ground between the strict requirements of a bank and an overwhelming challenge of going it alone.
Should you be worried about a trade war affecting your commercial loan
President Trump’s potential trade war with China and other countries has been dominating the news as everyone tries to figure out if the trade war will have an immediate impact on their lives. At the forefront of those searching for answers are small business owners whose companies may be impacted by a loss of revenue or importation of much-needed supplies.
Factoring and Accounts Receivable Options
Accounts receivable financing, also known as factoring, is a less familiar form of commercial financing for many business owners. This unique solution uses money owed to a company as collateral to secure the financing. There are a variety of options, so let’s see how the pros and cons line up for each.
Is Hard Money Lending the Right Option?
Hard money loans are a unique source of capital for small businesses. They offer very rapid funding and don’t rely on your credit history, so they might be a great fit. But they also carry higher fees than many types of financing, so it’s important to make sure they really are the right option for your needs.
Inventory Financing: What it Means and How It Works
Inventory financing is a form of asset-based financing. This financing keeps businesses growing by providing the funds needed to purchase inventory for future sale. The value of the inventory is then used as collateral to secure the loan.
Real Estate Financing: Finding a home for your business
Every business, no matter how large or small, needs a home. Whether in retail or in manufacturing, location is essential to the success of a company. However, financing for commercial real estate is different than other types commercial lending. So understanding the different types is essential to securing the best financing for your needs.
What’s the best way to get the equipment I need?
Every business needs equipment. Whether a baker or a construction firm, most can’t operate without them. However certain equipment is more expensive than others. A new truck cost significantly more than a calculator, and often times these purchases can have a negative impact on the financial outlook for the company. Equipment financing can help solve these problems, making life less stressful for many small business owners.
How Can Lines of Credit Accomplish Your Business Goals?
Lines of credit, or LOCs, are a powerful commercial funding option. They are versatile financing which can be used to pay everyday business expenses such as employee wages or utility bills, or they can be used for larger business needs, like material or equipment. They are also unique in the commercial loan environment because they have built-in flexibility. The borrower can be approved for a certain amount, but they do not have to use it all.
The Basics of Financing
Money makes the world go around. It may seem like a cliché, but no matter what the business, there is a need for capital to move forward with plans for growth. Financing is one of the quickest ways to get the capital your business needs and do so in an expedited time frame. However, getting the necessary financing can be a complex undertaking based on the type of business and the investment the owner is seeking.
Success for Your Small Business in 2018
As 2017 draws to a close, and 2018 nears, most business owners are looking to the future and trying to determine what the best solutions are for their business. It’s a difficult question, as each business is different, and will have different needs. But preparing can make sure that 2018 will be a good year.