Blog posts tagged with "Small Business Loans"

The Benefits of Having a Good Business Credit Score

August 15, 2019
As a small business owner, it’s vital to understand the importance of establishing a good credit score. This is especially crucial when starting a business, as you likely won’t have enough cash on-hand to fund all your business expenses. This includes costs like equipment, advertising, inventory, and payroll.

Should Your Business Consider Purchase Order Financing?

August 14, 2019
Steady cash flow is a great asset to any business, but as an entrepreneur, you know that the process of getting repaid by customers is often anything but smooth. Sometimes, orders don’t come in a timely manner; they either slowly trickle in or get placed all at once. Plus, if you have a lot of orders to fill, you’ll need to pay a lot of money upfront to your suppliers. For new businesses, this can present numerous problems.

What is an Installment Loan?

August 08, 2019
An installment loan exists any time you borrow money from a lender in exchange for agreeing to make principal and interest payments over an agreed-upon period. This loan product contrasts with a revolving line of credit, which can be drawn down, up to a limit, or paid back at any time within the term.

How to Apply for an SBA Express Loan

August 07, 2019
SBA Express Loans are a fantastic resource for small businesses that need fast financing and have been turned away by traditional lenders. However, you must meet specific requirements to qualify for SBA Express Loans and complete their application process.

The Pros and Cons of an Unsecured Line of Credit

August 01, 2019
One of the biggest challenges you may face as a business owner is maintaining an adequate cushion against fluctuations in cash flow. Changes in revenue are normal for many businesses, and in months when you have less cash available, you may need an alternative source of funds to meet your financial obligations and afford unexpected expenses.

Should Your Business Consider Payroll Loans?

July 31, 2019
Imagine yourself in this situation: it’s time to submit payroll but you don’t have enough working capital to meet your obligations. Business has been slow and one of your customers is a week late paying their invoice. You know cash will be coming in soon, but right now, you’re in a bind. If you find yourself in a situation like this and need quick cash to cover payroll, you might benefit from a payroll loan.

Pharmacy Business Loans: How to Apply & Use Them

July 30, 2019
If you want to start your own business, opening a pharmacy can be a profitable endeavor. Compared to other industries, independent pharmacies have a healthy profit margin — 22.1 percent on average in 2016, according to the National Community Pharmacists Association.

8 Bank Loan Requirements You Should Know About

July 26, 2019
For small businesses, having additional financing can be imperative. Without it, you might find yourself being unable to afford payroll, inventory, equipment, and other necessary costs. Due to this, many business owners decide to apply for bank-issued loans.

How to Get a Business Loan with Bad Credit

July 23, 2019
As you probably already know, maintaining an above average credit score is immensely important while running a small business. This can be especially pivotal when you’re in need of additional working capital, and are considering applying for a small business loan from a lender. Unfortunately, if your credit score is low, it can make it very challenging to get approved for financing.

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.