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Right now cannabis is booming. It is as good a time as any to get a piece of this 61 billion dollar industry. With public approval and legal support for cannabis at an all-time high, that number is only going to increase. Some think it could hit 130 billion by 2024. Despite all this revenue,… Read more »
Equipment financing is a method in which a business owner takes out loans to fund the purchase of large-scale equipment. Certain industries are more reliant on equipment than others. Thus it is vital to define your goals and expectations before pursuing an equipment loan. If you are in the construction space, heavy equipment loans can… Read more »
Marijuana Business Startup Loans The legal sale of marijuana in the United States is a massive industry. Recreational marijuana is 100% legal in 16 states and medicinal marijuana is legal in 42 states. The private sale of this product in a vast majority of US states has given birth to a plethora of extremely… Read more »
Startup Equipment Loans As a small business or startup owner, you’ll often encounter instances where you’re in need of new or updated equipment. Products have a fixed lifecycle. Acquiring new gear is a standard part of any business’s needs, but obtaining this gear can often be quite costly. That’s where equipment loans come in. Equipment… Read more »
Business Equipment Financing If you’re a small business owner you understand how important it is to quickly and economically obtain, upgrade or replace the equipment needed to perform your daily tasks. Purchasing equipment outright can put substantial strain on your cash flow. Equipment financing may be the ideal solution to keep your business functioning… Read more »
Short-Term Business Loans What are short-term business loans? In short-term business loans, businesses can borrow a set amount of money based on the cash flow that they must repay, with interest, at regular intervals. Short-term financing is designed to repay much more quickly than other types of loans, often within 3 to 15 months. Short-term… Read more »
Line of Credit / BitX Funding Are you a small business owner looking for a business line of credit to grow your business and take on new opportunities? Do you have customers that slow pay you and your accounts receivables are paid 30/60/90 days? If you have significant AR Aging and would like to tap… Read more »
How to Get a Mid-Term Business Loan What is a Medium-Term Loan? Medium-term loans are business loans offered by banks and BitX Funding. They typically offer fixed interest rates and flexible payback terms that last between one and five years. Depending on the loan, you typically have the option to repay in monthly or bi-monthly installments with… Read more »
How to Get A Personal Loan for Business You can use a personal loan to fund your business, but the question is: should you? Here are some common reasons you might use a personal loan for business: You don’t yet own a business: If you are in the beginning stages of your business and haven’t yet opened… Read more »
Short Term vs. Long Term Understand short and long term loans for small businesses. These loan types serve 2 separate needs. Which is right for you? What Are the Pros and Cons of Applying for Short-Term Business Loans? Advantage: You Should Receive Your Loan Quickly The most obvious benefit of a short-term business loan… Read more »
