Category: Business Financing

While some business owners see steady income year-round, others have seasonal businesses that may thrive for a few months and then slow to a near halt the rest of the year. One example is a summer business, like a company that offers beach toy rentals. Business may boom during the summer months, but what happens to your revenue (and ability to pay your bills) the rest of the year? Fortunately, your finances don’t have to suffer, since there are seasonal… Read More

When you apply for a consumer loan such as a credit card or auto loan, you probably know that most lenders will look at your credit score and your income to decide whether to approve your application. But small business loans can be more complicated. There are many different types of loans, each with different approval criteria. Most of them use three main factors to evaluate loan applications: revenues/cash flow, time in business and credit.  Revenues/Cash Flow Most lenders want… Read More

Convicted felons, like everyone else, often want to change their lives for the better by starting a business once they have served their time. And yet, they may have a more difficult time of it, since there is some prejudice against ex-convicts. You might wonder: can I even start my own business? Can I qualify for grants or loans? Is it even worth the effort? Let’s explore your options as an ex-convict looking to turn over a new leaf. Can… Read More

A business as a truck driver means long hours on the road with expenses that quickly add up, whether it’s to fill up, cover insurance, replace tires, or make other repairs. Every penny in expenses takes away from your profits, and that’s where a business credit card can come in handy. It can make it easy to cover expenses now and pay them off later, along with the opportunity to earn lucrative rewards such as cash back or travel perks… Read More