Advantages of a Mid-Term vs Short Term Business Loan Advice on the advantages of a mid-term vs short term business loans — which amount to near $600 billion across 7,000 lenders — can be hard to find. While a search for financing usually means growth, and should, therefore, because, for celebration, it often feels more… Read more »
Posts Categorized: Alternative Lending
Advantages and Disadvantages of Invoice Financing
Advantages and Disadvantages of Invoice Financing What are the advantages and disadvantages of invoice financing? Factoring financing has been gaining popularity as a way to finance a growing business. If you are not familiar with this type of financing, you can learn about it in detail by reading, “What is factoring?” Factoring is essentially… Read more »
What’s the Difference Between Secured & Unsecured Loans?
What’s the Difference Between Secured & Unsecured Loans? An unsecured business loan is a loan made to a business without collateral. Secured small business loans are loans made with something used as collateral for the lender to recoup their losses if the business defaults. Here are a few differences: Collateral Secured — Collateral is a… Read more »
Seven Reason for a Short-Term Business Loan
Funding Your Big Ideas with BitX Funding Short term business loans are a special kind of loans made to small business owners to bridge a temporary gap in the cash flow. The terms for these loans can vary, depending upon your needs. For example, the term of the loan can be for 90 days or… Read more »
What To Do When the Bank Says No
What To Do When the Bank Says No It can be hard to grow a business when banks want you to have established business credit or solid collateral and there just isn’t enough yet for you to get approved. Luckily, we live in an era where banks are merely one of many options to choose from…. Read more »
What You Need to Qualify for a Startup Loans
What You Need to Qualify for a Startup Loans While there’s no secret formula to getting a start-up loan, there are certain things you can do to improve your odds. Here’s what you need to be ready for in order to qualify. What Does It Take to Get a Startup Business Loans Typically, to be… Read more »
Startup Business Loans
Startup Business Loans How Does Credit Card Stacking Work? Credit card stacking lets you use multiple credit cards to finance your business. Lenders don’t call credit card stacking by its name because most people have a negative perception of credit cards. Instead, you might see it referred to as an “unsecured business credit line for… Read more »
5 Types Of Small Business Loans
5 Types Of Small Business Loans Finding the right kind of loan for your small business can be challenging. We’ve broken down five of the top loan types to help make the lending process clearer for your business needs. Long Term Loans If your business is looking to fund larger projects that pay back over… Read more »
SBA LOAN FACTS: Small Business Loans For Women Owned Businesses
ATTENTION FEMALE BUSINESS OWNERS: The Government Wants To Give You Money In fact, it’s funding for female entrepreneurs made big gains this year. U.S. Small Business Administration loans for women were up 18 percent in fiscal 2015 over the previous year, according to the federal agency. The SBA itself posted a record year with a… Read more »
What To Do When The Bank Says No
What To Do When The Bank Says No If you’re like the majority of small business owners, chances are you’ve been turned down by the banks when applying for a loan. Perhaps your FICO score is too low, or you haven’t been in business for 3 or more years or maybe you have a blemish… Read more »