Business Loans Blog Posts | Page 15

SBA Loans Explained

The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.

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Aug 18, 2024 Filed under: Business Loans
sba microloans

The Ultimate Guide To SBA Microloans

As a small business owner, you know the importance of financing to expand your business or start your next project. While there are many options available to provide you with the capital you need to start a new business or grow an existing business, one of the best options is a loan through the Small Business Administration.

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Aug 18, 2024 Filed under: Business Loans

Is Invoice Factoring Right For Your Small Business?

If your business has outstanding invoices and slow-paying customers, you don’t have to be burdened with cash flow issues. Invoice factoring could be the solution to your problem. In this post, we’ll examine how invoice factoring works, whether it’s a good financial decision for your business, and how to choose the best invoice factor. The […]

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Aug 19, 2024 Filed under: Accounting, Bookkeeping, Invoicing, Business Loans, Invoice Factoring
SBA loans

The Ultimate Guide To SBA Express Loans

Businesses that need $500,000 or less should consider applying for the SBA Express loan. Loan approval is guaranteed within 36 hours, while approval for an SBA 7(a) loan may take several weeks. However, businesses that are willing to wait and need a larger loan should look into the 7(a) program.

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Aug 18, 2024 Filed under: Business Loans
5 C's of Credit: What Lenders Look For

What Are The 5 Cs Of Credit?

Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).

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Aug 23, 2023 Filed under: Business Loans