Blog posts tagged with "Small Business Loans"

Focused on Educating and Supporting Young Entrepreneurs, Fora Financial Partners with New York Cares

October 19, 2018
Fora Financial, a working capital provider to small business owners nationwide, announced today that it has partnered with New York Cares, the largest volunteer network in New York City, to provide important and necessary support to young entrepreneurs in New York City.

7 Ways Your Pawn Shop Can Utilize a Business Loan

October 16, 2018
Whether you’ve recently opened a pawn shop, or you’ve been in business for years, receiving a business loan can be beneficial. Using your loan, you can tap into resources to get your pawn shop off the ground or to cover day-to-day expenses to stay operational.

The Difference Between Secured and Unsecured Business Loans

October 11, 2018
If your small business needs more cash than can be supplied through business credit lines or personal credit cards, it may be necessary to finance expenses through a loan.

Should Your Business Consider Payroll Loans?

October 08, 2018
Imagine yourself in this situation: it’s time to submit payroll and you’re afraid you don’t have enough money to meet your obligations. Business has been slow and one of your customers is a week late paying an 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 where you need quick cash to pay your employees, you might benefit from a payroll loan.

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

October 03, 2018
When you take out any loan, you’re putting your business’s reputation, profits, and credit history 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 Apply for the 8(a) Business Development Program

October 01, 2018
If you’re a small business owner competing for government contracts, you may be familiar with the 8(a) Business Development Program, which is sponsored by the federal government to level the playing field for eligible disadvantaged small businesses. The program is open to small businesses that are at least 51 percent-owned by economically and socially disadvantaged individuals, including minorities, women, members of the LGBT community, veterans, and people with disabilities.

SBA 504 Loans vs. SBA Microloans

September 27, 2018
As a business owner, you know capital is necessary when starting a new business or expanding an existing one. That’s why the Small Business Administration (SBA) offers several types of loans to small firms.

How to Get a Business Loan with Bad Credit

September 26, 2018
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 could make if challenging to get approved for financing.

Should You Finance Your Business with a Credit Card or a Loan?

September 25, 2018
If you’re ready to procure business financing, you have a few different options to consider. You could receive a loan from a bank, alternative lender, or the Small Business Administration (SBA), or you could get a business credit card to charge expenses. Both options provide quick access to funding, but credit cards and loans operates in different ways. Due to this, you should compare business loans and credit cards, to see which option is right for your business at this time.

The Importance of Responsible Working Capital Management

September 24, 2018
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.