Category: Business Financing

Did you know that there are loans specifically targeting minority-owned businesses? Minority-owned businesses are those with 50% or more ownership by an African  American (or Black), Hispanic, Native-American, Asian, or another racial or ethnic group.  Some important facts about minority small business owners when it comes to getting business funding:  Minorities make up 40% of the US population but only 29% of small business owners (that’s 9.2 million out of the 30.7 million total small businesses in the U.S.) Minority-owned… Read More

With so many small business loan options, it can be challenging to know what choice is best. For many business owners without any assets that could be used as collateral, a business loan from traditional lenders becomes more difficult — if not unattainable. Fortunately there is small business financing available that doesn’t require specifically identified collateral to secure the loan. This type of small business loan is called an unsecured business loan.  Learn what an unsecured loan is, what the… Read More

The Patriot Express Loan program launched in 2007 to help provide business loans for veterans to start or expand their businesses. While the program expired in 2013, it was extremely popular and still gets attention from veteran business owners.  Getting a Patriot Express Loan is no longer an option, but the U.S. Small Business Administration (SBA) still provides excellent small business loan options to veterans who qualify through the SBA 7(a) Express Loan and other programs. Here’s what you need… Read More

American Express business cards have been a staple for savvy business owners for a while now. Their SimplyCash program offered flexible earning and spending perks along with the customer confidence that comes with carrying an Amex in your wallet.  As of July 18th, 2019, there have been significant changes to their card lineup, however, and some of the program features you're used to are getting better. Learn what's changing, along with what you can look forward to, with their latest… Read More

This post was reviewed and updated on July 22, 2020 When clients pay late or you have a large expense to cover, it compromises your business’ ability to pay other things, like payroll and utilities. Sound familiar? You’re far from alone. Cash flow challenges are a common issue that many businesses have to overcome. These challenges are what cause many businesses to explore financing options. While there are many different funding solutions available, we’ll cover a funding method known as… Read More

Being a small business owner and successfully managing your balance sheet is a lot like being a juggler. Entrepreneurship can be an exhilarating rush, but there are a lot of moving parts that you or your team will need to manage well if you want to be successful.  How to find working capital is a challenge for a lot of small businesses, but doing it successfully is the lifeblood of your business. One important area that you have to stay… Read More