Blog posts tagged with "Small Business Loans"

The Pros and Cons of Short-Term Business Loans

November 18, 2020
One of the most important components of running a business is finding ways to effectively allocate capital. With a sound financial plan, your business can minimize operational costs and maximize potential growth.

4 Types of Business Collateral Used to Secure Loans

November 17, 2020
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 the type of collateral you’re willing to risk.

How Are SBA Loans Different from Other Funding Options?

November 04, 2020
Small Business Administration (SBA) loans are a great option for business owners in need of additional financing for their short or long term goals. Still, there are a variety of other financing options available to business owners that are also worth considering.

Business Loan vs. Personal Loan: How They Are Different

October 26, 2020
All loans are essentially the same, right? Well, in principle this is true, but when it comes to the loan process, you may be faced with the decision of applying for a business or personal loan.

What is SBA Form 912, and Do You Need to Complete It?

October 21, 2020
SBA Form 912 – Statement of Personal History, is a document that the Small Business Administration (SBA) uses to evaluate individuals’ character and credit eligibility who’re applying for an SBA loan. Understandably, the SBA wants to lend money to individuals who are of good moral standing that they can trust.

The Benefits of Having a Good Business Credit Score

September 30, 2020
As a small business owner, it’s vital to establish a good credit score. This is especially crucial when starting a business, as you likely won’t have enough cash on-hand to afford all your business expenses. This includes startup costs like equipment, advertising, inventory, and payroll.

How to Pay Off a Small Business Loan

September 28, 2020
Many small business owners apply for business loan to sustain their operations. Some use a loan when they start a business, while others utilize it after being operational for years.

The Pros and Cons of Equipment Loans

September 24, 2020
As a business owner, you probably use at least one type of equipment, regardless of your business’s industry. This equipment is likely pivotal to how your business functions, or makes it easier to do so.

The Pros and Cons of SBA Loans

September 21, 2020
If your small business is unable to secure financing from traditional lenders, you may want to consider applying for a Small Business Administration (SBA) loan.

Why You Should Pursue Financing for Your Expansion Project

September 18, 2020
If you’re considering ways to achieve business growth, expanding your business is one notable option. Progression is an important part of running a business, especially now as you navigate the COVID-19 pandemic.