A commercial construction loan is a type of loan that is used to finance the costs associated with the construction or renovation of a commercial building. The funds from a construction loan can be used to pay for labor and materials for the construction of a new property, the purchase and development of land for a new commercial property, or the renovations of existing properties.
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Aug 18, 2024
Filed under: Business Loans, Small Business
Credit score requirements for business loans vary by lender, borrowing amount, and type of loan. Borrowers with excellent scores and a solid credit history will have more options for low-interest, long-term loans. Borrowers with fair to poor credit scores may find the funding they need with alternative lenders that offer short-term, high-interest business loans.
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Aug 19, 2024
Filed under: Business Loans, Small Business
Are you having trouble getting a business line of credit due to poor credit? You aren’t out of options yet! Check out our favorite credit lines for bad credit.
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Jan 8, 2025
Filed under: Business Loans
You’re a business owner, and you’ve encountered a financial hurdle in the form of a large business expense. No matter what it is, a big expense can be difficult to pay upfront. Enter long-term-loans. Read on to learn more about the rates, terms, benefits, and drawbacks of long-term business loans.
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Jan 14, 2025
Filed under: Business Loans
Most people have heard of the tagline “Pay with PayPal.” If you’ve ever bought or sold anything online, you’ve probably used PayPal, not just as a buyer but also as a seller. PayPal’s fees have become more complex over time, so this article has gathered all that information for easy reference.
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Aug 13, 2024
Filed under: Credit Card Processing
To obtain a small business loan, lenders often require the borrower to pay a percentage out of pocket as a down payment. But why do you have to pay money upfront when you need to borrow money? Is there a way around this apparent catch-22? What loans require down payments, and what are your options if you don’t have the funds to pay it?
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Aug 18, 2024
Filed under: Business Loans, Small Business
The SBA helps small businesses get low-cost funding for a variety of needs, but applying for an SBA loan can be time-consuming. How long does it really take to get an SBA loan? And how can you speed up the process? Find out in this article.
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Aug 18, 2024
Filed under: Business Loans
SBA loans are popular with small business owners due to their competitive rates and terms. Many small businesses, including franchises, are eligible for these funding opportunities.
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Aug 18, 2024
Filed under: Business Loans
Some loans, such as long-term installment loans and SBA loans, are difficult to qualify for and have lengthy application and approval processes. However, there are other loans like short-term loans, lines of credit, and merchant cash advances that are easier to qualify for, even if you have a short time in business, low revenue, or poor credit.
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Aug 18, 2024
Filed under: Business Loans, Small Business
Tired of slow-paying customers? Get your invoices paid faster with these ten tips.
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