Blog posts tagged with "Business Finances"

Everything You Need to Know About SBA Form 159

July 22, 2019
The Small Business Administration (SBA) has assisted many business owners in acquiring capital, offering loans with far lower rates than traditional banks. Still, just like with any government agency, you must be thorough with your documentation to prevent funding delays.

C-Corporations: Everything You Should Know

July 19, 2019
Starting your own business is an exciting process that requires various decisions, from what you’ll name your company to whether you’ll hire employees or forge ahead solo.

The Pros and Cons of Bridge Financing

July 17, 2019
Finding the right bridge financing solution at the right time can save you from insolvency, help you take on more clients, or provide financial peace of mind. However, bridge financing, also known as a swing loan, is often misunderstood or misused by uneducated borrowers. To ensure you know exactly how bridge loans work before you apply, keep reading to find out the pros and cons of this product!

SBA Form 413: How to Complete It

July 11, 2019
You’re probably aware that applying for a U.S. Small Business Administration (SBA) loan involves significant paperwork. To qualify for certain SBA loans, one of the forms you’ll have to complete is SBA Form 413 — a three-page form that details your personal finances.

Is an SBA Franchise Loan Right for Your Business?

July 10, 2019
Currently, there are an estimated 750,000 franchise establishments operating in the United States, and this number is only expected to grow. With a proper understanding of business operations and the ability to invest in an undeserved market, the franchise industry is one that can be incredibly lucrative.

Everything You Need to Know About Nonprofit Business Loans

July 03, 2019
Although nonprofit organizations don’t seek profits, they still need money to remain operational. In fact, some small business owners take out business loans to fund their nonprofit programs and cover other costs. Business loans can provide access to vital capital but come with costs, including interest rates and fees.

Pros and Cons of the Office Depot Business Credit Card

July 03, 2019
The average business spends $200 per person per year on office supplies. Depending on your business’s size, that can add up quickly. Saving money on office supplies can help your bottom line and might be useful if this is a big spending category for your business.

What’s the Difference Between Prepaid Debit Cards and Secured Credit Cards?

July 01, 2019
For individuals with a poor or limited credit history, prepaid debit cards and secured credit cards are popular choices. However, just because both types of cards are easy to qualify for doesn’t mean they don’t have notable differences.

Is Venture Debt Financing Right for Your Business?

July 01, 2019
Startups face numerous hurdles on their way to success, even if they have strong venture capital backing. As a founder, you might not have the sales projections and credit history needed to get a traditional business loan. Venture lending is a launching point for many startups, but you’re giving away equity and diluting your ownership of the company.

Review: PayPal Business Debit MasterCard

June 28, 2019
There are numerous ways that you can afford your business’s expenses. With the help of business funding, you can ensure that you have enough capital to run your company. However, it’s important to consider different options.