How To Get Startup Business Financing

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How To Get Startup Business Financing One of the largest challenges a startup faces is securing the funding it needs to get off the ground. Most startups require some amount of seed money to get started, but without any history of credit or revenue, they can face difficulties securing a loan. Fortunately, there are several… Read more »

Guide For Business Lines of Credit

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BitX Funding Guide For Business Lines of Credit Every small business faces periods of lumpy cash flow. Often, this uncertainty comes on the heels of an unforeseen cost. These expenses could be a whole host of unique reasons — a new large order with high material cost or a broken machine that has production at… Read more »

Is it hard to Get an SBA Loan?

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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

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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?

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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

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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 »