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.
5 Things to Consider When Looking for Commercial Financing
If you’ve decided to start looking for financing opportunities to purchase new equipment, meet payroll during a slow month or quarter, upgrade stores or offices, or buy land, there are important things to consider before choosing and applying for a loan. These five items can help you better understand commercial lending options and identify the financing path that is best for you and your businesses.
Waiting for a SBA loan? These tips can help.
The government shutdown in January had an impact on many facets of small business operations. One direct impact comes from the SBA, where a backlog of loan applications occurred and will take time to approve or deny.
How the Small Business Lending Fairness Act may affect your loan
In December Senators Sherrod Brown of Ohio and Senator Marco Rubio introduced the Small Business Lending Fairness Act, which is dedicated to helping prevent predatory lending to small businesses. This is a different lending act than the one recently passed in California, which focused on providing transparency to borrowers.
Business credit scores: what are they and how will they affect your loan.
Anyone that runs a business knows that cash flow is one of the most challenging components of keeping your business running smoothly. On paper, the balance sheet might look great, but the asset you need to tap to pay employees is a big line item called “accounts payable.”
Four questions about how CA SB 1235 may impact your loan
Last fall California legislators passed CA SB 1235, a first of its kind law which aims to add transparency to the lending process for small business borrowers. If you operate a business in California the law will certainly affect your future loan applications. However, even if you are located outside of the Golden State, it may still have an impact on business.
6 Commercial Lending Solutions for 2019
A new year means new opportunities for growth. Your business is a living, growing entity which requires a continual influx of capital.
Trends in Business Lending for 2019
With 2018 coming to a close, it’s time to look at what 2019 has in store for small business lending. 2018 saw the rise of digital lenders and a shift in interest rates as the Federal Reserve began to adjust to the health of the economy, and 2019 promises to be another year of change. Here are 4 trends to be aware of for your commercial financing needs.
4 Things You Can Do to Prepare for 2019
The year is coming to an end, and with it comes the preparation for a new year. Whether you sit down to write out a list of New Year’s resolutions for your business, or simply review your goals and final results from the past year to translate the data into new targets, annual planning is a priority. Here are some simple steps you can take to make sure that your 2019 is a success.
Ways your small business can prepare for the holiday season
The holidays are a time of celebration and cheer. They can also be an important time for your business. Taking the time to prepare for the busy season now can make them less stressful and more enjoyable for you and your employees. Use these tips to make an impact on your holiday and new year business preparations.
The Pros and Cons of Digital Lending Platforms
US Bank recently announced the launch of a new digital lending platform for small businesses. With another bank joining established online lenders like OnDeck and Kabbage, business owners may again question whether a digital lender is a right solution for their...
The Federal Reserve has raised interest rates…what does that mean for your business?
In case you haven’t heard, the Federal Reserve raised the national interest rates this past month. This might seem like the end of the world, but we're here to assure you, it’s not. The fed routinely raises or lowers interest rates depending on the health of the...
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.