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.
Go All-In with a Construction Loan
Successful business owners are always thinking ahead to the next step. Once you’ve got your establishment up and running, and people are coming in the doors, the logical question is where do you go from there?
Moving Quickly and Making Sound Investments With Bridge Funding
It’s been said so much at this point that it definitely falls under the category of a cliche: when it comes to having a successful business, the three most important things are — say it with me — “Location! Location! Location!”
Can My Business Qualify for an SBA Loan?
As a small business owner, one of the most significant challenges you can face is getting the money necessary to operate and grow your enterprise. Whether you’re just starting or you’ve been in business a while and want to expand, getting a loan can feel like an overwhelming process.
Free up Cash From Accounts Receivable With Factoring
For business owners unaccustomed to invoice factoring, selling accounts receivable can be confusing. It’s true that factors do offer companies fast access to cash, but they don’t provide typical loans. The cash that a company receives doesn’t need to be repaid over time with interest. In fact, in most cases, it never needs to be repaid!
Updating, Replacing and Maintaining Business Equipment: A Financial Perspective
Regardless of your business, there’s a good chance that you rely on equipment of some sort to do your job. If you’re in construction, you need cranes and trucks. If you’re a dentist you need X-ray machines. If you own a restaurant, you need commercial ovens and refrigerators. If you own a gas station, you need gas pumps and coolers for drinks and snacks.
Does Uneven Cash Flow Stymie Your Business Growth?
For most businesses, cash flow is not always a sure thing. You have months of surplus where it seems like the profits are rolling in, and then you’ll have a whole season where you can’t seem to get in the black no matter how hard you try. This might not seem like the...
Solve Over Reliance on Credit Cards: A Primer for Small Business Owners
As an entrepreneur, you want to be able to run your business smoothly and efficiently. However, for many people this, unfortunately, means floating on credit when money is tight. While having a company credit card can be essential, it’s never a good idea to rely on credit cards too often to balance your books.
Cash Flow: Achieve Balance While Planning For Profit
There are very few businesses out there that are able to stay profitable every part of the year. Most businesses experience a season or two of profit and success, and then have to use the money they made during that time to make it through the rest of the year, when...
A Commercial Loan Broker’s Insider Tips for Getting the Best Business Loan Possible
As an entrepreneur, you know that you have to spend money to make money. Whether you’re just starting, trying to expand, or you need a cash infusion to manage some unexpected expenses, getting a business loan is a necessary part of the enterprise process.
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...