Category: Business Financing

Business Credit and Other Financing Options for High Risk Businesses

Business Credit and Other Financing Options for High Risk Businesses

Small business lenders, merchant processors and credit card companies often consider some types of businesses “high risk.” If your small business falls into one of those categories, you may find it more difficult to get financing or a merchant account. Here, we'll explain what can make a business high risk, what types of financing may be available to higher risk businesses, and how building strong business credit may help your business increase its financing options.  What Is Considered a High… Read More
What Small Business Owners Should Know about 0% APR Credit Card Offers

What Small Business Owners Should Know about 0% APR Credit Card Offers

Given the opportunity to borrow money with no interest to start or grow their business, many small business owners would jump at the chance.  By using business credit cards with 0% introductory APRs, many small business owners are able to access interest-free financing for a period of time.  0% intro APR business credit cards offer small businesses flexible financing— and many times at little to no cost. Some cards also offer rewards like cash back or travel rewards. But there… Read More
Business Lifecycle Stages – The Importance of Funding at Each Stage

Business Lifecycle Stages – The Importance of Funding at Each Stage

Entrepreneur Tara Bosch sold her company, Smart Sweets, in 2020 for $360 million. She worked hard in the early stages of her business to protect her ownership and equity.  “When I was launching Smart Sweets, I was kind of in that era where startups were raising huge amounts of money, and raising what in itself felt like something that was celebrated, and not the fact that the money itself was just a vehicle to the real accomplishment, which was executing… Read More
Tradelines vs. Business Loans: Which Is Better for Building Your Business Credit?

Tradelines vs. Business Loans: Which Is Better for Building Your Business Credit?

Shortcuts are great when you’re a small business owner. Finding a way to do something faster, easier and more efficiently—without sacrificing quality—means greater productivity and often profitability.  If you’re trying to understand how to establish business credit, you may wonder what’s the fastest, easiest, or more efficient way to build a business credit profile. Is it a small business loan, line of credit, or business tradelines?  Find out what’s best for your business, as we explain tradelines vs business loans… Read More
Can Hard Money Loans Help Build Your Business Credit?

Can Hard Money Loans Help Build Your Business Credit?

Hard money loans are often used by real estate investors and other business owners to purchase real estate quickly.  Can these loans also help your business establish business credit? Find out here.  How Do Hard Money Loans Work? Hard money loans are loans that involve using real estate or other property to secure the loan. The word “hard” in “hard money” refers to physical assets that serve as collateral for the loan.  The most common types of hard money loans… Read More
ROBS (Rollover as Business Startups): Pros, Cons, Risks and Alternatives

ROBS (Rollover as Business Startups): Pros, Cons, Risks and Alternatives

If you want to start a business that requires significant capital—think a restaurant, or buying a franchise—you either need to qualify for a startup small business loan, find an investor, or have cash to invest.  What if you have money saved, but it’s tied up in your retirement savings?  For some would-be entrepreneurs, that’s a real possibility.  More than 885,000 401(k) plans have at least $1 million in  employer-sponsored plans (such as 401k or 403b plans) and individually controlled IRA… Read More