Category: Business Financing

COVID-19 EIDL Deadline Ends: Other Options for Your Business

COVID-19 EIDL Deadline Ends: Other Options for Your Business

The deadline to apply for COVID-19 EIDL Loans, Targeted Grants and Supplemental Targeted Grants ended December 31, 2021. Here’s what that means, and other options to help your business get funding if it is still struggling due to the pandemic.  The SBA stopped accepting applications for COVID-19 EIDL loans and grants after December 31, 2021. If you applied before the deadline, the SBA will continue processing: Loan applications received before the deadline, including requests for reconsideration.Targeted EIDL Advance (grant) applications,… Read More
How to Get Funding for a Business

How to Get Funding for a Business

5 Steps to Get Funding for a Business Determine how much business funding you needEvaluate options for business fundingFind out what it takes to get funding for a businessUnderstand where to find funding for a businessLearn how to get business funding with no money 1. Determine how much funding you need One of the most challenging decisions you’ll make in your business is whether to get financing, and if so, how much. To do so you’ll want to take into… Read More
How to Use Inventory Loans to Finance Your Small Business

How to Use Inventory Loans to Finance Your Small Business

Small business owners that need working capital to buy inventory but don’t have assets to put up as collateral may be overlooking one potential resource that can help: the inventory you want to buy. In this article, we’ll cover what you need to know about inventory loans for your small business. What Is an Inventory Loan? An inventory loan, or inventory financing, is short-term business funding that allows you to purchase products for your small business. It can be a… Read More
When Should You Get A Business Loan?

When Should You Get A Business Loan?

Entrepreneurs who are doing well in their businesses usually aren’t looking for extra money. And those who are struggling and could use a little boost may not qualify for some small business loans. That being said, when is the ideal time to apply for and take out a business loan? Benefits to Taking Out a Small Business Loan Let’s start by talking about why you’d want to take out a business loan.  Sometimes you have trouble making ends meet. This… Read More
What You Need To Get A Business Loan

What You Need To Get A Business Loan

Business owners looking to improve their cash flow often consider business loans as a way to get the capital they need to cover expenses or expand the business.  But every lender has different business loan requirements for different types of business loans, and the application process can be simple or complex, depending on the lender and type of loan. Here’s what you need to get approved for small business loans for your company. First, Meet the Players Not only do… Read More
Revenue-Based Financing: Compare The Best Options

Revenue-Based Financing: Compare The Best Options

If your business has significant recurring revenues, revenue-based financing may provide growth capital without requiring you to give up equity. Learn whether it’s right for your business.  What Is Revenue-Based Financing? Revenue-based financing (RBF), also known as revenue-based investing or revenue-share financing, is a form of financing that allows small businesses to get financing and pay it back from future revenues. Payments are based on a weekly or monthly percentage of revenues, until the financing is repaid along with the… Read More