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 Advantages and Disadvantages of Owner Financing

Qualifying for a traditional mortgage is not an easy thing. Going with owner financing allows you to bypass the strict lender requirements. Sounds good, right? Well, it is. But there are some things you should consider before going that route, because it may not always be just roses. In fact, owner financing comes with a…

How Do Small Business Loans Work? Everything You Need to Know

Did you know that a staggering 82% of business failures occur due to poor cash flow management? Whether you're just brainstorming your entrepreneurial dreams or you're drafting our your business plan, you might be asking yourself, "how do small business loans work?" As a business owner, it's critical that you thoroughly understand your funding options. Let's…

Starting Over: Can You Get a Small Business Loan After Bankruptcy?

Have you fallen on difficult times and filed bankruptcy? This can happen to anyone, but if you’re a small business owner or looking to become one, you have questions. The biggest problem you will face following a bankruptcy will be reestablishing credit. The bankruptcy will not prohibit you from starting a new business. Because you…

The Loan Zone: What Type of Business Loan Do You Need for Your Startup?

Starting up a business? You'll need funding. Here's our guide to the loan zone and what type of business loan you'll need for your startup. A whopping 90% of startups fail. That's a disappointing statistic if you're wanting to start a business. The good news is that 10% succeed. You just have to figure out how…

Asset-Based Lending Understood: A Comprehensive Guide

To meet certain cash-flow and inventory needs, businesses take out loans. Learn here what is asset-based lending and to get an asset-backed loan. Your business is growing fast. Too fast, in fact--you don't have the capital to keep up with it. And while you don't have cash flow on hand, you do have assets. So…