Business Credit Card FAQ’s

How smart business owners use credit cards [Webinar] What is required to get a business credit card? How do business credit cards impact my personal credit scores? Can a new startup qualify for a business credit card? Does my business have to have a certain amount of revenue to qualify for a credit card? How can I get higher limits for my credit cards? Should I spread expenses over several cards or use one to the max? Is it a Read More

How to Get a Business Credit Card in 4 Steps

More and more small businesses are turning to business credit cards as a way of having back up financing and improving their business credit scores at the same time. Many business credit cards offer perks just for using them, including frequent flyer miles and cash rewards. Business credit cards are great for business owners who need back up credit for emergency situations or to offset irregular cash flow. Additionally, making on time or early payments on a business credit card Read More

Fast Business Loans — What You Need to Know

Nowhere is the saying “you need money to make money” more true than in the crowded, competitive, fast-moving world of small business. As you seek to establish and grow your enterprise, access to capital (or the lack thereof) will be one of your biggest hurdles. For small business owners facing expenses that just can’t wait, traditional approaches—SBA loans from banks, for example—can be burdensome, inconvenient, and ultimately disappointing. On the other hand, while the APR for a bank loan is Read More

Business Loans for Bad Credit — What You Need to Know

Although it may seem like you need to have stellar credit and multiple years in business to secure financing, in today’s lending environment that statement is far from true. In fact, there are over 44 different financing options available to business owners, and not all of them require an A+ personal or business credit grade. Very poor credit will likely put you out of the running for the lowest cost loans such as bank loans and SBA loans, however you Read More

SBA Loans — How Many Types Are There?

The SBA, Small Business Administration, provides loans to small businesses through financial institutions such as banks, microlenders, and online lenders. These SBA loans are government guaranteed, meaning lenders will offer them to small businesses at low interest rates because the government has promised to pay back 85% of the loan in the event of default. The three most talked about SBA loan types are: 7(a) Loans: the most popular loan provided by the SBA, available to new and established businesses Read More

Why You Should Separate Your Personal & Business Finances

You’ve been warned about mixing business and pleasure, but what about personal finances and business finances? At times, it may seem tempting to utilize your personal finances to help out when your business needs a boost, but it’s not always the best solution in the long run. Implementing a financial division between your personal and business finances can help you treat your business like the independent entity it is while safeguarding your personal finances. Why is separating your finances so Read More

Business Line of Credit Explained

In order to stay afloat, small businesses need a constant supply of cash to keep up with recurring expenses and the cost of growth opportunities. But finding that constant supply is hard. In fact, 50% of small businesses have experienced cash flow problems, and 1 in 5 business owners experience recurring cash flow problems. 50% of small businesses have experienced cash flow problems. There are a number of ways to deal with the inconsistent revenue and costs associated with running Read More

What Is a Secured Business Credit Card?

For many businesses, credit cards are an essential part of your business activities. They can help you build your credit and obtain the assets you need to properly run your business. Unfortunately bad or non-existent credit may make it difficult to be approved for a credit card. For those denied approval for a credit card, if you are looking to establish or rebuild your credit, a secured credit card can represent a viable option. So, what exactly is a secured Read More

The Truth About Small Business Grants

When you’re starting a new business and investing your time, energy, and often your own hard earned cash into it, the promise of “free” money often sounds enticing. Chances are that you’ve stumbled across at least a few advertisements promoting business grants to help you fund your venture. So what’s the deal with business grants? Are grants available? Are you or your business eligible? The answer to these questions depends on many variables, so we’ll get to that in a Read More

SBA Loans — What’s the Difference between 7a and 504?

When it comes to loans, small business owners have a lot of options to consider. From selecting a lender to determining the type of loan you need, the path to financing can be a confusing one. Of the many places you may look, the Unite States Small Business Administration (SBA) could be a great resource for information on loans, and specifically, different loan programs that are exclusively available to small businesses. Of those SBA loan programs, the SBA 504 and Read More