Blog posts tagged with "Small Business Loans"

5 Tips for Running a Family Business

February 15, 2019
Running a family business can have its ups and downs. While it can be constructive to work with people you know and trust, it can also present conflicts of interest. The downsides of a family business include the potential to negatively affect family relationships, conflicts of interest, and disagreements on business decisions, just to name a few examples.

The Industries Most Likely to Ask for a Business Loan and Why

February 13, 2019
It doesn’t matter what your business’s industry is, there’s one thing that all companies have in common – the need for funding.

How to Use a Small Business Loan

February 12, 2019
To guarantee the future of your business, you should frequently assess how you can improve your existing strategies. Perhaps you need to update equipment or want to hire more employees. Having funds for these projects can enable you to take your business to the next level.

National Pizza Day: How Your Pizza Restaurant Can Use Financing

February 08, 2019
Tomorrow, February 9th, is National Pizza Day! If you own a pizza shop, you likely know that to be successful you must invest in a variety of areas, such as the quality of your ingredients, customer service, and your business’s physical location, just to name a few examples. Unfortunately, it can be challenging to afford these costs. That’s why many restaurant owners pursue business financing options, such as merchant cash advances, lines of credit, sba loans, credit cards, and small business loans. In this post, we’re going to focus on business loans, and explain how you can utilize it!

4 Types of Collateral That Could Be Used to Secure a Loan

February 06, 2019
When you take out any type of loan, you’re putting your business’s reputation, profits, and credit score on the line. With a secured loan, collateral is also at risk. However, unlike your reputation, profits, and credit history, you have choices when it comes to choosing what type of collateral you’re willing to risk.

How to Choose the Right Business Line of Credit

February 05, 2019
A business line of credit can be an excellent resource for entrepreneurs who find themselves needing cash in a pinch. That may be to cover emergency expenses, have additional working capital on-hand, or take advantage of growth opportunities on short notice.

6 Business Financing Options for Immigrants

January 31, 2019
Immigrants are significantly more likely to start their own business compared to those born in the United States, despite the fact that obtaining financing from a traditional lender can often be more difficult for immigrant business owners.

Typical Bank Loan Requirements vs. What Fora Financial Requires

January 30, 2019
When you own a small business, pursuing a business loan product from a bank can be complicated, time consuming, and frustrating. Among other factors, the bank will likely consider your credit history, collateral, revenue and cash flow, time in business, and your intended use for the funds to decide whether you’re a good loan candidate. Meeting this long list of requirements can be difficult, especially if your business is in its early stages.

Pros and Cons of SBA 7(a) Loans

January 28, 2019
The Small Business Administration (SBA) provides loans to small business owners struggling to secure traditional financing. SBA loans have emerged as one of the most popular funding sources for small businesses and can enable entrepreneurs to receive up to $5 million. Some of their loan options include 504 loans, express loans, microloans, disaster loans, CAPlines, export loans, and 7(a) loans, which we’ll focus on in this post.

How to Run a Successful Restaurant Catering Business

January 24, 2019
Are you looking for another way to generate sales for your restaurant? It might be time to offer catering services! By incorporating restaurant catering into your services, you’ll be able to serve additional customers and earn more revenue. It’s a win-win!