Category: Business Financing

The Best Bank Accounts for New Business Owners

The Best Bank Accounts for New Business Owners

I’ve always believed that every business needs a bank, but not every bank deserves your business. As you start your new business venture and run through the checklist of to-do items such as gathering up capital sources, deciding on the right name, deciding on whether you will incorporate, completing state registrations, finalizing business plans, and more, a very important aspect you must decide on is an efficient banking institution to manage your business bank account. It's important to establish a… Read More
[VIDEO] Financing Your Startup with Crowdfunding

[VIDEO] Financing Your Startup with Crowdfunding

Trying to secure startup financing for your business can be an incredible uphill battle. How can you get lenders to see that you and your business are a viable bet? One option for startup funding as well as proof of concept is crowdfunding. http://navsmb.wistia.com/medias/w6pb905cja?embedType=async&videoFoam=true&videoWidth=640   The crowdfunding economy has seen explosive growth in the past four years, growing 167% in 2014, and that growth is expected to continue in 2016 and beyond—in part thanks to this year’s Title III addition… Read More
How the JOBS Act Rollouts Can Help Small Businesses

How the JOBS Act Rollouts Can Help Small Businesses

Crowdfunding has given small businesses greater access to cash, but even more than that—it's leveled the playing field for many. “Crowdfunding isn’t about collecting money,” Belgian online magazine editor and founder, Jozefien Daelemans, said in an interview in April 2015 for ThroughCracks.com. “It’s about making something happen with a crowd of people who believe in something. Normal people, not rich people with a lot of power, just people like you and me. And because there are so many of them, we… Read More
3 Steps to Qualify for a Business Credit Card Fast

3 Steps to Qualify for a Business Credit Card Fast

Small business credit cards often come with sweet perks such as signup bonuses, cash back rewards, and airline miles. Plus, they offer a way to buy items on credit for your business without damaging your personal credit. So you may be tempted to apply for one even if you have poor personal credit. We analyzed our customers who secured a business credit card and found that, on average, small business owners who qualified have a 600+ personal credit score. If… Read More
Entrepreneur Lending Review: Small Business Loans Powered by CAN Capital

Entrepreneur Lending Review: Small Business Loans Powered by CAN Capital

Entrepreneur Media recently joined the ranks of online small business loan providers after announcing a new lending partnership with CAN Capital. Entrepreneur Lending powered by CAN Capital will offer CAN Capital’s lending products to small business owners seeking financing. A press release announcing the partnership says that “merchants can use funds to open new locations, increase inventory, purchase new equipment or grow in other capacities.” CAN Capital offers three different lending products for business owners, all of which will be… Read More
Review of Small Business Lending Marketplaces Fundera & Lendio

Review of Small Business Lending Marketplaces Fundera & Lendio

Fundera and Lendio are two online marketplaces that aim to simplify the business financing process by cutting down the search and wait time associated with finding small business loans. Online marketplaces allow business owners to comparison shop for credit from a variety of lenders, including short-term and long-term loans, equipment financing, invoice factoring, a business line of credit, merchant cash advances, SBA loans, and more. Fundera and Lendio each work a bit differently, and if you’re considering using an online… Read More