Business Line of Credit Requirements: Everything You Need to Know

A business line of credit can be an incredible source of working capital for small business owners. Instead of providing you with a lump-sum amount up front like a term loan, you’ll get a revolving credit line that you can use, pay off and use again over a predetermined period. If you’re considering this financing option, however, it’s important to know that business line of credit requirements can vary from small business loan requirements. What’s more, they can also vary Read More

How to Find an Apartment Loan

Buying an apartment building isn’t the same as purchasing smaller investment properties. The payoff can be higher (assuming your investment goes well), but the risk may be higher as well — both for you and the lender.  On the plus side, a multifamily apartment building can have excellent income potential. It might generate consistent cash flow and grow your real estate portfolio. Plus, when you have a vacancy (or even a few vacancies), they likely won’t impact your bottom line Read More

Top 4 Benefits of Pay As You Go Workers’ Comp:

As a small business owner, your to-do list is long enough. Between the upfront lump-sum payments and messy annual audits, there’s probably not much room for worrying about workers’ comp. That’s what makes Pay As You Go (PAYG) workers’ comp so great. It’s easy, automated, and accurate. Pay As You Go reduces the inaccuracies of up-front payroll estimates that lead to expensive surprises. It provides all the coverage, compliance and confidence of a traditional workers’ comp policy while reducing the Read More

Small Business Grant Winners Share Their Strategies for Success

Small business grants are perhaps the most coveted of all types of small business funding. Grants don’t have to be repaid and, unlike equity funding, you don’t give up any ownership of your company. (The IRS does want its share, though, so be prepared for a tax bill.)  How do you actually win a business grant, or at least increase your odds of getting one? Here four entrepreneurs who collectively won a variety of small business grants share their top Read More

AmEx Working Capital Review: Up to $750,000 to Power Your Small Business

Working Capital Loans from American Express American Express business credit cardholders may be eligible for Working Capital Terms, a short-term financing product aimed to help business owners cover the cost of invoices due to vendors and smooth out cash flow. Working Capital Terms is one of three American Express business loan products offered to small business owners—others include American Express Merchant Financing, offered to American Express card-accepting merchants, and Business Loans, offered to OPEN cardholders. According to a Bloomberg report, Read More

What to Know About Commercial Real Estate Loans

As a small business owner, your top priority is to grow your business, and purchasing real estate, renovating a property you already own, or refinancing real estate debt can be a great way to do that. However, obtaining a commercial real estate loan is a different process than getting a mortgage loan for your primary residence. If you’re considering a commercial real estate loan for your business, here’s everything you need to know before you pull the trigger and apply. Read More

How to Get an Investment Property Loan with 10% Down

Real estate investing can feel like an exciting adventure. When you take your time and find the right rental home, the investment might help you improve your monthly cash flow and generate extra income.  Yet qualifying for investment property mortgages may be more challenging than expected, especially if you’re a new investor. Many first-time real estate investors are surprised to learn that a 20% down payment on a rental property loan is considered normal.  A 20% down payment can be Read More

Best hard money loans with 100% financing

Not everyone has the luxury of getting approved for a loan. Whether it’s a low credit score, a spotty payment history, or lack of evidence to prove your creditworthiness, you may not have what it takes. But that doesn’t mean you don’t have options. You may want to consider getting a hard money loan. Here are some of Nav’s top picks for hard money or fix-and-flip lenders.  Do Hard Money When you’re looking for 100% hard money financing, Do Hard Read More

How Do Hard Money Loans Work?

A hard money loan is a unique type of mortgage loan typically used in real estate investing. A traditional lender like a bank does not offer hard money mortgages. Instead, private money lenders and individuals serve as hard money lenders, offering these loans to real estate investors. As with any method of financing, there are pros and cons to hard money loans. They are definitely better suited for certain investment scenarios over others. In order to determine if a hard Read More

SBA Real Estate Loans: What You Need to Know

If you’re looking for a real estate loan for your business, there are several different options available. As you shop around, take the time to consider how SBA real estate loans can help you achieve your goal. There are two different SBA real estate loans that you can apply for: SBA CDC/504 Loans and SBA 7a Loans. Here’s what you need to know about each option and how to determine if an SBA real estate loan is right for you. Read More