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Financing

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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.…

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…

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…