Is it hard to Get an SBA Loan?

Posted by & filed under SBA Loans.

Is it Hard to Get an SBA Loan? If you’ve done any research into various small business loan options, you probably have discovered that loans backed by the US Small Business Administration are some of the best—and most highly coveted. But if they offer so many loan products—which they do—how hard is it to get an SBA loan? Well,… Read more »

Credit Inquiries Credit Score

Posted by & filed under Credit Inquiries.

Credit Checks & Inquiries Will my FICO Scores drop if I apply for new credit? If your FICO Scores change, they probably won’t drop much. If you apply for several credit cards within a short period of time, multiple inquiries will appear on your report. Looking for new credit can equate with higher risk, but most Credit Scores are… Read more »

Is a Merchant Cash Advance Right For Your Business?

Posted by & filed under What Is A Merchant Cash Advance.

Is a Merchant Cash Advance Right For Your Business? You’re a small-business owner in need of capital now, and a merchant cash advance looks like a good deal. Before you act, consider this: That quick cash could really cost you. MCAs have been known to carry annual percentage rates — the total cost of a… Read more »

6 DO’S AND DON’TS OF SHORT-TERM BUSINESS LOANS

Posted by & filed under Short Term Business Loan.

6 DO’S AND DON’TS OF SHORT-TERM LOANS Short-term loans, also known as cash advances, can be a quick and simple way to get access to funds on short notice.  Millions of Americans find this form of credit helpful, but it is expensive and should be used responsibly. Abusing these types of loans can leave you… Read more »

Advantages of a Mid-Term vs Short Term Business Loan

Posted by & filed under Alternative Lending, Term Loan Vs Short Term.

Advice on the advantages of a mid-term vs short term business loan — 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, be cause for celebration, it often feels more like plodding through a sea of options, jargon, and aggressive… Read more »

Advantages and Disadvantages of Invoice Financing

Posted by & filed under Alternative Lending, 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 a financial tool that allows you to… Read more »

Why It's Important to Build Business Credit

Posted by & filed under Build Business Credit.

Why It’s Important to Build Business Credit because your ability to build a positive business credit history reflects your past payment habits and future borrowing potential. Begin building your credit history by taking steps to formally set up your business, opening business accounts and slowly transitioning to making payments with credit and taking loans when necessary. Taking the First Steps Establishing a business credit history requires defining your business, which separates your… Read more »