Pros and Cons of Asset Based Lending

When you run a company, you hear the words "business" and "loans" used together quite often. In fact, it seems that you can't have one without having the other - especially if you're a startup or a small business owner. With so many lending options to choose from, it can get to be a little…

10 Things About Small Business Taxes You Need to Know Right Now

You've opened a booming small business. You couldn't be prouder of how well you are doing! Then you remember... it dawns on you... small business taxes. How do you do them? Where do you start? Whether it's your first time filing taxes or your millionth time, there may be some simple things you should know…

5 Times You Should Consider Taking Out a Business Loan

While there are 30 million small businesses in the U.S., only a third of them have employees. The ones that have employees need help growing and often consider taking out a business loan. If your small business is looking to grow, a business loan can ensure that you don't have to worry about funding while…

Top 10 of the Biggest Challenges Small Business Owners Are Facing Today

Are you considering starting a small business? While running a small business certainly has a wide range of perks, establishing and maintaining a small business is no easy feat. In today's ever-changing economy, small businesses face a number of challenges. As a result, many small businesses fail to succeed and have no choice but to…

How Does Seller Financing Work and is it Worth the Risk?

While many homeowners try to sell on their own, depending on the market, their homes usually sell for less. However, depending on the health of your local market, selling on your own might be a smart move. If you're asking yourself "How does seller financing work?", you might be taking the first step to selling…

4 Types of Asset-Based Lending Options for Your Business

So you're ready to launch your own small business! Congratulations! You're living your dream, working for yourself and following your passion! Small businesses aren't just good for small-business owners either. They're essential for a healthy and vibrant economy as well. In fact, 47.5% of Americans work for small businesses, and 62% of new jobs created…

Starting Up: Alternative Solutions to Small Business Financing

Each year, 9% of businesses close. Only 8% are opened. 50% of new business owners will fail within their first year. These numbers may seem daunting, but it's still a great idea to start a new business. Without great risks, there can be no great rewards. However, if you're looking to succeed, you need to…

8 Ways to Improve Your Credit Score Before Applying for a Business Loan

If you have a great idea for a business but don't have the funds to start it up, a small business loan is a great option. Last year, the average small business loan was $375,000. While small business loans are a great low-cost option, you must have excellent credit to get approved. Like any type…

The Pros and Cons of an Inventory Line of Credit Loan vs Fixed Term

Interested in being your own boss and starting your own small business? Once you settle on a great concept, you have to figure out how you'' finance your brilliant idea. Although some people can foot the bill from the beginning, many startups need a loan to get off the ground. Big banks, smaller financial institutions,…

6 Ways Asset Lending Works for Small Business

Need more working capital for your business, but don't have enough credit for a conventional loan? Before you throw in the towel, consider another option: asset-based loans. Asset-based loans offer small business financial flexibility when they need it. To secure an asset-based loan (ABL), you must first have business assets to use as collateral. The…