7 Business Loan Application Mistakes and How to Avoid Them
Applying for a business loan properly requires knowing what can hinder your progress. Here are business loan application mistakes and how to avoid them.
Applying for a business loan properly requires knowing what can hinder your progress. Here are business loan application mistakes and how to avoid them.
Starting and running a small business is an exciting and rewarding experience, but it can also be a challenging one. Especially, when it comes to financing. Did you know that according to a recent study about one-third of small businesses fail because they lack the necessary funding? But fear not! There are plenty of options…
Working capital financing is when a business borrows money for operations or payroll rather than purchasing equipment or investing. This type of financing is common for businesses with erratic or inconsistent cash flow, although companies in any industry can use it to scale up or expand their operations. There are many benefits in securing working…
Running a small business means overcoming a tremendous number of challenges, especially when it comes to maintaining sufficient working capital. As a result, business owners often have to get creative when it comes to financing. What is Inventory Financing? Inventory financing is an option that allows the business to leverage the capital that is tied…
Did you know that you can structure merchant cash advances so that providers receive a percentage of your credit/debit card sales or make fixed withdrawals from your bank account? If you are a small business owner who is looking for an easy and quick way to get funding, a merchant cash advance may be the…
Did you know businesses that finance their operations from the wrong sources often get locked into unfavorable repayment terms, which can keep them from growing? If you are looking for funding sources for your business, it is important to do plenty of research in order to find the business loan that will work best for…
You’re looking forward to feeding your community healthy, locally grown food from your own property for seasons to come. You’re in good company, too. Research shows that more than a couple of million farms exist across the United States. Still, ranchers and farmers make up only 1.3% of today’s labor force. The problem is that…
Are you determined to take your business to the next level in 2023 — perhaps by bringing in more equipment and even hiring more workers? That means you need money. And fast. Fortunately, that’s where business loans can come into play. Research shows that loans for small businesses average between $5,000 and $200,000, with the…
Holidays. It can be a great time of year to get the family together. However, it is also an expensive time of year for consumers and businesses alike. Altogether, Americans spend over $1 trillion during the holiday season. With such high demand during this time of year, businesses need to ensure they have the supplies…
For small businesses, funding is essential. But what do you do when the funding is a bit lacking? You get a loan, of course.However, there are many different kinds of loans to choose from.One inventory financing loan, known as a merchant cash advance, could help you keep your business on track. What Is Inventory Financing?…