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In the business world, there are generally two types of loans: secured and unsecured business loans. Secured loans have collateral that guarantees them. For example, a house loan is secured because if you are declared as a defaulter by the lender, the house can be taken back in return of payment. Many lenders don’t require… Read more »
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 »
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 a longer term this option maybe… Read more »
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 »