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 »

Small Business Loan Without Collateral

Posted by & filed under Small Business Loan Without Collateral.

It can be frustrating trying to get a small business loan without collateral to qualify. This is especially difficult if your credit score isn’t great. In addition, getting a bank loan takes time, so a loan without collateral can be even more difficult if you need the funds quickly. However, traditional bank loans are not the only… Read more »

What's the Difference Between Secured & Unsecured Loans?

Posted by & filed under Alternative Lending.

What’s the Difference Between Secured & Unsecured Loans? An unsecured business loan is a loan made to a business without collateral. A secured small business loan is a loan made with something used as collateral for the lender to recoup their losses if the business defaults. Here are a few differences:   Collateral Secured —… Read more »

Seven Reason for a Short-Term Business Loan

Posted by & filed under Alternative Lending, Business Loans, Short Term Business Loan, Small Business Loans and Business Credit, Working Capital.

Funding Your Big Ideas with BitX Funding A short-term business loan is a special kind of loan 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 up to… Read more »

SBA loan

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

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 »