Blog posts tagged with "Small Business Loans"

Pros and Cons of Unsecured Business Loans

April 17, 2019
Many entrepreneurs pursue business loans to fulfill their additional financing needs. Even profitable businesses often need a cash injection to expand operations, place inventory orders, and pay for rent and other monthly payments, just to name a few common expenses.

The Importance of Responsible Working Capital Management

April 15, 2019
Having enough money on-hand for last-minute or emergency needs is incredibly important for business owners. In fact, your ability to master working capital management will determine the health, longevity, and overall quality of your business.

What You Should Know When Applying for Working Capital from a Lender

April 08, 2019
Receiving financing from a working capital lender can be an advantageous way to improve your business’s operations. From expanding your business to purchasing inventory to hiring more employees, there are so many ways that you can utilize financing. But before you start thinking about ways to grow your business with additional working capital, you’ll need to know what to submit with your business financing application.

What is an Installment Loan?

April 04, 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 type 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 Responsibly Pay Off a Small Business Loan

April 03, 2019
Many small business owners utilize a loan to sustain their operations. Some use a loan when they start a business, while others utilize it after being operational for years. For example, they use this financing to purchase equipment, pay for marketing materials, meet payroll, in addition to affording other costs. Having additional business finances can be beneficial, but it’s vital that you follow your loan repayment schedule.

What Happens When You Default on a Loan (And How to Avoid It)

April 02, 2019
Whether you’re starting a new business or hoping to grow your company, financing is key. Since cash flow is often unpredictable in the early stages of any business, outside funding can help bridge gaps to cover routine operating expenses. It can also supply the capital you need to take advantage of new investment opportunities or expand your organization.

Pros and Cons of a Secured Business Loan

April 01, 2019
A secured business loan is a great way to fund new ventures, supplement your cash flow, and establish or re-build your business credit. Still, a secured business loan comes with risk; as you’ll required to submit a form of collateral to receive your financing.

How to Use Working Capital for Your Mom and Pop Business

March 29, 2019
Happy National Mom and Pop Business Owners Day! This day originated when a son created this day for his parents, who owned a hat shop located in Everett, Massachusetts. Now, mom and pop business owners unite each year to bring attention to these beloved small businesses across the United States.

Pros and Cons of Debt Refinancing

March 28, 2019
Hopefully, if you’ve been operational for at least a few years, your company’s financial health has become stronger since you opened your doors. If that’s the case, you should consider how you’re financing your business, and make sure that current methods are still benefiting your business and its goals.

How to Determine the Amount of Working Capital Your Business Needs

March 27, 2019
Working capital is money that business owners use to pay their bills, make purchases, and afford other operating costs. Although it’s easy to understand what working capital is, it’s trickier to determine how much working capital your business requires. This is because your working capital needs will vary depending on several factors. These factors include your business’s industry, operating cycle, operational efficiency, cash flow, and your goals as the owner.