What is an SBA Loan and How Do I Qualify?

Posted by & filed under Business Line of Credit, SBA Loan Facts, SBA Loans, Small Business Association (SBA).

SBA loan

The U.S. Small Business Administration (SBA) is a federal agency committed to supporting the growth and development of small businesses by partnering with lenders to provide a SBA Loan. It is important to note that they are not the loan provider but work with other lenders to support and administer the loan. The purpose of the SBA is… Read more »

What To Do When the Bank Says No

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Business Loans, Small Business Loans and Business Credit.

alternative-business-lending

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. Did the bank say no? No problem! Check… Read more »

What You Need to Qualify for a Startup Loan

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Small Business Loans and Business Credit, Startup Lending, Startup Loan.

startup-loan-lending-bitxfunding-ct

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 Loan Typically, to be considered for a start-up loan you need your personal… Read more »

Startup Business Loans

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Business Loans, Credit Card Stacking, Small Business Loans and Business Credit.

credit-card-stacking

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 about credit cards. Instead, you might see it referred to as an “unsecured business credit line for startups” or “FICO… Read more »

It Was the Best of Times, It Was the Worst of Times: When to Get a Small Business Loan

Posted by & filed under Business Line of Credit, Business Loans, Small Business Loans and Business Credit.

small-business-loan-ct

Times are good. Your business just got a great story written about you in the local paper, your customers love you more than ever. Sales are up, costs are down, the business is humming just like you dreamed it would be. What now? Rest on your laurels and relax? Now would be a great time… Read more »

8 Differences Between a Business Loan and A Line of Credit

Posted by & filed under Business Line of Credit, Business Loans, Small Business Loans and Business Credit.

business-loan-vs-line-of-credit

When you need some money to start, build, or grow your business, you’ll want to know the differences between business loans and business lines of credit. Knowing the differences will help you make the best decision about what is best for you and your company at the moment you need capital. Here are 8 ways… Read more »

Strategies To Securing Small Business Loans

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Business Loans, Connecticut's Small Business Express Lending Program, Small Business Loans and Business Credit.

securing-small-business-loans

By Raoul Davis If you need financing, what’s the first thing you should do? Head to the bank? Post on Kickstarter? Go on ABC’s “Shark Tank”? In a world where the finance industry has developed a product to take advantage of many well-meaning entrepreneurs (i.e. “the business cash-advance”), where companies promise you funding within five… Read more »