Category: Business Financing

Many small business loans require a personal guarantee, especially unsecured business loans without collateral. But not every small business owner is willing to risk their personal finances if their business fails. And if you operate a business with a partner or partners, signing a personal guarantee can be especially risky because you may not have full control over the decisions the business makes. Some business loans and lines of credit do not require a personal guarantee. But keep in mind… Read More

Life doesn’t always allow us time to plan, and the same is certainly true when it comes to running a business. Equipment can break, revenue can unexpectedly slow, and other circumstances may arise that leave you in need of extra cash, and quick. For business owners that can afford to wait a few days for a loan or line of credit to come through, the options are plentiful. But what about when you can’t wait and need cash now? Fortunately,… Read More

If you’re hoping to launch a new product, expand your workforce, or upgrade equipment, a small business loan can offer leverage and wiggle room for even the most cramped budget. For those who qualify, it can add liquidity in as little as 24 hours, as most business loans have online applications. Unfortunately, the application isn’t always the most difficult part of the process. See what struggles other business owners have experienced when getting funding and what you can do to… Read More

When you’re starting your business, you have many decisions to make. Some will be straightforward, and others will seem straightforward — but turn out to be more complicated. Take your business address, for example. If you have secured an office or retail location, your business address is straightforward. It’s where your business is located. But what if you decide to work from home? What if you are subleasing space or your current location is temporary? One business owner recently told… Read More

Getting a new credit card or line of credit can be an exciting opportunity for your business. If used responsibly, it may open doors for funding new equipment, materials, communications, and travel. It also comes with the additional perk of some rewarding cash-back or points programs that help your money stretch a bit further. If not watched carefully, however, using up your available credit can put you in a precarious position—one that can’t always be escaped. See why it’s not… Read More

After a 7.0 magnitude earthquake struck the Anchorage, Alaska area, many now face the overwhelming task of cleaning up and recovering what they can of the damage. For small business owners, the challenge of repairing their homes is compounded by the additional task of getting their business back up and running. While larger national corporations may have more resources to assist franchisees, small business owners likely won't have such luxuries. Fortunately, as has been done most recently in the aftermath… Read More