Business Loan Brokers vs. Direct Lenders: Who’s Better for You?

So you’ve realized you need a business loan. You’ve probably searched for options a few times already, and you’re now at the point where you know the basics of business financing, but you’ve still got important questions. Namely: should you work with a direct business lender or a business loan broker to get your funding? The answer isn’t always straightforward, especially since there are hundreds of companies offering funding for small business owners in the United States alone. The picture Read More

Salon Equipment Financing for 2020

Finding the best equipment financing option for your salon, spa, or barber shop can be a chore. So, we’ve put together a guide to make the process a little easier. Once you figure out how to pay for the tools you need, opening a salon becomes a much more attainable (and more enjoyable) goal.  Salon Equipment Financing for 2020 Buying the right equipment to run a successful salon or spa isn’t cheap. Because of the expense, you may worry that Read More

Will You Qualify for the $367 Billion in SBA Loans for COVID-19?

This article was updated on March 27, 2020, with the current state of the SBA Disaster Assistance in response to the coronavirus (COVID-19), what’s included within the $2 trillion aid package, when we can expect the aid to be available, and the process for applying for the relief. The SBA Disaster Assistance bill (CARES Act) that includes $367 billion in low-interest SBA loans was voted on by the House of Representatives and signed by President Trump this afternoon (3/27/2020). Over Read More

Top Dump Truck Financing Options in 2020

Dump trucks are useful tools to have in a number of industries. Often, entrepreneurs are faced with deciding whether it makes the most sense to purchase, lease, rent, or sub-contract a dump truck. Buying a commercial vehicle like a dump truck is a big commitment that involves a significant financial investment. That’s why most business owners look for dump truck financing options when they’re ready to own. If you’re looking to become a dump truck owner, this article will help Read More

Heavy Equipment Financing & Leasing in 2020

Do you own a small business that depends on heavy equipment? Whether you’re in construction, excavation, building maintenance, food production, or another industry, you know just how expensive this type of equipment can be. Heavy equipment financing or leasing my be what you need to purchase the equipment that will help you grow your business. So if you don’t have the cash to pay for it upfront, you may be wondering what your options are. Fortunately, there are plenty of Read More

Valuing a Brand: What’s Your Brand Worth? How to Value a Brand

It’s easy to figure out the value of a product or service to a business. Just tally up the revenue generated by any particular product or service, and compare that to the business’ overall revenue. It’s often easier to do this with smaller or more specialized companies, but it’s possible at any scale. Just look at Apple. It’s the most profitable public company in the world, but its entire income statement can be boiled down to just five lines of business: Read More

Your Guide to Revenue-Based Financing

Companies begin every day but don’t always have the funds to last. A lack of cash rings the death knell for many businesses. Fortunately, there are plenty of ways you can raise money to get your company off the ground. You might consider taking out a business loan. But you may also want to consider revenue-based financing. What is Revenue-Based Financing?  Revenue-based financing is when companies raise capital by promising future revenue to get cash financing now. For startups looking Read More

Secured vs. Unsecured Business Loans

You’ve decided to apply for a business loan. Now, all you have to do is figure out where to get it. If only there weren’t so many options to choose from. It’s safe to say you’d be a lot less overwhelmed if you could narrow down those options. Well, a great way to do this is to decide which type of business loan makes the most sense for your needs: a secured vs. unsecured business loan is a good place Read More

What You Need to Know About Food Truck Financing

If you’re looking to capitalize on a growing trend in the restaurant industry, consider starting a food truck business. From 2014 to 2019, the food truck industry saw annual growth of 6.8%, with total revenues in 2019 hitting over $1 billion. Though running a food truck business can be more affordable than taking out a lease on a full-fledged restaurant, there is still a significant cost associated with this type of small business. Fortunately, there’s a solution: food truck owners Read More

Types of Business Loans: Compare 6 Sources and 7 Funding Types

Looking for funding to grow your business? You’re not alone. Last year, 65% of small business owners in the United States weren’t sure if they had enough money to operate their businesses. That’s why many small business owners pursue one or multiple sources of financing to start, expand, or sustain their companies. A 2018 survey showed the most popular sources of capital for small businesses were: Personal funds: 77% Bank loans: 34% Friends and family loans: 16% Other sources: 11% Donations or gifts from friends and Read More