Tips

How Does Heavy Equipment Financing Work For a Small Business?

January 18, 2021

When you’re starting a new business, it takes a lot of capital to get things up and running. While expenses like property price, insurance, taxes, and permits may be on your radar, the cost of equipment may be that one thing that is outside your budget. Fortunately, heavy equipment financing is a viable option for…

How To Improve Your Business Credit Score

January 4, 2021

A business credit score is a number that tells lenders how reliable your business is when it comes to paying back borrowed money on time and in full. The higher your score, the better. While it’s definitely possible to get a loan with a lower credit score, you pose less risk to lenders if your…

What Are Bridge Loans?

December 15, 2020

Don’t let the name fool you: a bridge loan is not a loan to build a bridge. Bridge loans (or “swing loans,” as they are sometimes called) are essentially loans that bridge a financial gap as you transition from one home or property to the next. Benefits of bridge loans Sometimes circumstances require you to…

Types of Loans Small Businesses Can Take Advantage Of

December 1, 2020

As a small business, you may not always have the capability to cash flow expenses and purchases. This year especially, small businesses have been really struggling to keep their doors open due to COVID-19. Fortunately, there are options available to you in the form of small business loans. How to determine if you need a…

How to Determine If Your Business Should Get a Loan

November 17, 2020

It is a common misconception that loans are a last resort and should only be used for dire emergencies like your business being in jeopardy. While loans can certainly be helpful during tough times, they can also be incredibly valuable when you simply want to expand or better your business. Businesses can get a loan…

How to Pay Off Business Debt Quickly

November 3, 2020

Any business owner can tell you that cash flow is critical in order to run a successful business. But when your equipment fails or an opportunity comes along to scale and you’re running out of inventory, you might have to go into debt in order to keep that cash flowing. While debt isn’t ideal, it…