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 »
Posts Tagged: #lineofcredit
Are You Credit Worthy?
What are the ‘Five C’s of Credit’ The Five C’s of Credit is a method used by lenders to determine the credit worthiness of potential borrowers. The system weighs five characteristics of the borrower, attempting to gauge the chance of default. The Five C’s of Credit are: Character Capacity Capital Collateral Conditions Banks use rigorous policies and analyses when determining… Read more »
5 Types Of Small Business Loans
5 Types Of Small Business Loans 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… Read more »
SBA LOAN FACTS: Small Business Loans For Women Owned Businesses
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 »
3 Advantages of Cash Flow
Running a small business has its’ ups and downs and so does your business cash flow. Having enough cash (working capital) on hand to pay expenses and purchase assets is vital to the long term success of your business. The challenge for most is managing the peaks and valleys of their business cycles. You may… Read more »
What To Do When The Bank Says No
What To Do When The Bank Says No If you’re like the majority of small business owners, chances are you’ve been turned down by the banks when applying for a loan. Perhaps your FICO score is too low, or you haven’t been in business for 3 or more years or maybe you have a blemish… Read more »