Category: Business Financing

Building a business isn’t easy, especially when you’re starting out. While countless commercial lenders offer business loans, it can be tough to get approved unless you’ve been in business for a while and have a strong track record. What’s more, the application process includes a lot of paperwork and waiting until you get approved. In recent years, though, online business lenders have emerged, making it easier for business owners to get approved for financing. Not only do they offer faster… Read More

He was trying to remain upbeat, but it was clear the entrepreneur I was talking with was worried. He had multiple business credit cards with high balances as a result of trying to get his business off the ground. He knew when he took on the debt that he’d have to hustle to pay it back, and he was working as hard as he could to make his business a success. But for several months now, he was only able… Read More

They say it costs money to make money, but it also costs money to borrow money, a notion that may seem at odds with the goals and ambitions of small business owners. Whether it’s a term loan or a line of credit, securing funding will likely mean paying interest, but it can also mean paying a variety of fees, including an origination fee, or the fee charged by a lender at the start of a lending agreement. Though it’s not… Read More

In the not-so-distance past, it was almost always required that businesses put up some kind of collateral for a loan or line of credit. Offering up something of value guaranteed that, if the business should fail, the bank wouldn’t walk away from the relationship empty-handed. This type of loan, also called a “secured loan,” still exists, and collateral is required of many of the business-targeted funding products available today. But is it the only way for a company to obtain… Read More

Key Takeaways Many small business lenders check credit, especially for newer businesses. Financing options that don't require a credit check are often based on business revenue. Business owners with no credit or bad credit may be able to get financing without a credit check. Maybe you need a small business loan to start a business or launch a new product, or perhaps your growing business is dealing with the unexpected, like a dip in revenue, costly repairs or renovations, or… Read More

Your social media accounts are places where you can connect with others. They are platforms where you can seek entertainment or seek to entertain. They are places where you can market and grow your business. What you might not realize, however, is that your social media accounts may also be used for a very different purpose. Those accounts you use to try to grow your brand could impact your ability to borrow money for your business as well. Why Commercial… Read More