Business Loan Blog

You were counting on that small business loan to help your business grow, but the bank said "no." If it makes you feel any better, you’re not alone. Over the last couple of years, large banks have been reducing the amount of loans that they’re issuing to small...

Does it make more sense to lease business equipment or buy business equipment? You may be thinking about upgrading that outdated processing equipment and getting a new machine that’s better and faster. Perhaps you even see your backlog increasing again and you’re...

Figuring out whether you can afford to borrow money for your business is a crucial step in the loan process and one you should definitely take before approaching potential lenders. But determining if you have the resources to make your loan payments can be a bit...

Purchase order financing helps businesses that need cash to fulfill product orders by paying your supplier for the manufacturing and transportation of goods up front, before you receive payment from your customers. The funds cannot be used for anything other than the...

Lenders are going to looking at a number of factors to determine your eligibility for a loan, including your personal and business credit scores, your business banking information, personal and business tax returns, P&L statement and more. If this seems overly...

When you’re considering a loan to take your business to the next level, you, like many entrepreneurs, may think first of your local bank. That makes good sense, given the relationship you may already have with them, and their knowledge of your goals and operation....

Just about every small business finds itself in a cash crunch from time to time. In fact, in 2015, small U.S. businesses borrowed almost $1.2 trillion, and in the last twelve months, 73 percent of small businesses used financing, according to the Small Business...

* This blog is a special entry by our very own Darrick Brown - AFP Trainer, Broker, and Banker. In the famous 1939 film the Wizard of Oz, Dorothy finds herself in a real life dream whereby she is caught in a tornado that takes her on a life changing journey to the...

When it comes to financing your business, there’s an unfortunate tradeoff. Small business owners who need financing in a matter of days will likely pay a high price for the convenience of little paperwork and fast turnaround. There are generally less requirements to...

It’s no secret that starting a business has a big laundry list of items that need to be tackled. From tasks such as developing your business idea, choosing and registering a business name, deciding on a legal structure, preparing your paperwork, and the list goes on...

Every entrepreneur and business owner will make a few financial mistakes during their journey. Those who aren’t savvy in accounting often overlook the need to brush up on their financial IQ. Truth is, these little financial errors can lead to some serious cash flow...

Deciding to borrow money to launch your small business startup is a big decision. It’s the second biggest decision after deciding to start the business. Since it is a big decision, it requires much thought and research before taking the leap. There are multiple ways...

There is a common misconception that banks are the only safe way to finance small businesses. With their months long and paperwork intensive application processes, coupled with high rejection rates, bank loans can appear exclusive and alluring. However, “exclusive”...

Government agencies, banks and consumer advocacy groups have been trying to find ways to clamp down on the predatory nature and proliferation of payday and title loan businesses. However, hiding in the shadows is another growing industry that is taking advantage of...

Banks, savings and loan institutions, credit unions and other lenders work with the SBA to provide small businesses with loans structured under 7(a) guideline. Lenders are active participants in the loan application process since they are the first stop for potential...