Category: Business Financing

Start shopping for a small business loan and you may soon find yourself overwhelmed. Thousands of banks and credit unions offer business financing, as do hundreds of online lenders. Where do you start? One decision you’ll need to make is whether to apply at a bank versus an online lender. There are some very clear distinctions between the two, and those differences may help you hone in on which option is more feasible for your business. Bank Loan vs. Online… Read More

You probably already know that when you want to borrow money, your credit is one of the first keys to qualifying. The better your credit, the more likely you are to qualify for a loan or financing at lower interest rates and favorable terms. Of course, as a small business owner you don’t have just your personal credit reports to manage. You need to pay attention to your business credit reports as well. When you check your business credit for… Read More

Veterans own 9.1% of American businesses, according to the U.S. Small Business Administration. If you’re a veteran and a business owner, you have access to certain credit cards and credit card benefits that aren’t available to the general public. If you can, it’s important to take advantage of these options when they suit your business’ needs. As we compared top business credit cards on the market today, we came up with three that would be particularly beneficial to veteran business… Read More

When tax time rolls around, business owners have a lot of options to reduce their taxable income. If you use business credit cards for operating expenses or to finance large purchases, you may be able to deduct some of your costs. As you prepare to file your taxes, here’s what you need to know about business credit card tax deductions. What you can deduct with a business credit card The IRS allows business owners to deduct any ordinary and necessary… Read More

Those that serve our country deserve to be supported both before, during, and after service. What if entrepreneurship is their dream? Where is funding available to start or grow a veteran-owned business? Here are four places to find veteran business loans:   Government loans for veterans  One place to start your search for business loans for veterans is the entrepreneur portal on the Veteran’s Administration (VA) website. These programs are managed by the Small Business Administration (SBA) through the Office of… Read More

If you’re looking for financing for your small business, you may have heard the concept of leveraging “Other People’s Money (OPM)” to fund your business. In theory it’s a great idea: let someone else fund your business, and avoid the risk that if things don’t work out, you’ll be stuck with the financial consequences.  In reality, lenders know that starting a business is risky, and one way they manage that risk is by requiring personal guarantees.  Here’s why lenders may… Read More