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Financing

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You’ve heard it before, every bank you go to gives you the same answer; no. You’re a small business, you don’t have the collateral, and you’re too much of a risk. Even with a sound business plan, unless you have a rich Aunt Mildred or a huge cash stash, a small business loan is likely impossible. You need capital for starting or expanding a small business. Money goes for expenses like equipment, supplies, fleet vehicles,…

Getting started with a small business can be very challenging, especially from a financial standpoint. Taking out a loan is one of the quickest ways to get access to the money you need to fund your business endeavors. However, you need to be careful when it comes to what kind of loan you take out. Different types of loans have their own requirements, and some are better for you in the long run than others.…

Do you need financing for your new startup but don’t know where to begin? When funding a startup, you may run into some barriers through traditional methods of financing, like bank loans. This is because banks are weary to give new businesses money without a proven and demonstrated track record of growth or success. So, how can you get funding for your startup? We have put together a list of the nine easiest, simplest, and…

Interested in business loans but have no adequate collateral to come up with? There’s a great solution for this – unsecured business loans. Unsecured business loans offer a great opportunity to borrowers who don’t want to put up collateral or any personal guarantees. Most banks want borrowers to present something as collateral for the loan they are taking in. However, this can be a burden for some small business owners. Does the need for collateral…

A merchant cash advance can be helpful for small businesses in need of capital. Business owners agree to exchange a fixed share of their credit and debit card sales for a lump sum of funding. We believe that this option should only be a last resort, since the cost can be costly. Merchant cash advances typically have an APR anywhere between 29% and 132%. Needless to say, this can take a big chunk out of…

If owning a small business isn’t demanding enough, getting a loan to help start or grow your business can add to the stress. Obtaining outside finances can sometimes mean the life or death of your business, so you need to secure the right type of funding. When looking into a small business loan, you need to consider and compare your options and what you need to qualify. This guide will take you step-by-step and show…

There was a time, not too long ago, when small businesses had to resort to traditional banks or merchant cash advance companies to obtain short term business loans. The biggest drawback that came attached to these loans was that they were costly. Plus, they were often not available as quickly for short terms of 1 to 36 months, when small businesses needed them most. Fortunately, nowadays small businesses have a plethora of options when…