Why Did My Business Loan Get Rejected?
Picture this, you have the interior designer hired, furniture purchased, blueprints created, and then, your business loan gets rejected! This is a nightmare scenario for any small business owner. You have an entire layout planned, but the most important part of the final picture is missing. How did this happen? Keep reading to find out…
What Is A Business Line Of Credit?
A business line of credit is a form of small business loan which provides your organization with the sort of flexibility that standard loans simply do not offer. When you have a business line of credit, this allows you to borrow up to a certain amount – for example, $100,000 – and you’ll only pay…
How Does Equipment Financing Work For a Small Business?
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
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?
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
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…