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Category Archives: Small Business Loans

Finance & Accounting, Small Business Loans

What Is an Industry-Specific Loan?

Industry-specific loans are financial products designed specifically for the needs of businesses in certain industries. The types of available loans, approval criteria, collateral options and other significant features of the loan will vary depending on the industry. Regardless of your industry, it’s important to understand the unique benefits of industry-specific loans. Key Characteristics of an… Read more

Cybersecurity, Finance & Accounting, Small Business Loans

Are Online Lenders Safe?

In this age of identity theft, cyber criminals, scams and misleading internet ads, it’s only prudent to have concerns about the security of any internet transaction. Because of this, some business owners may avoid online lending because they worry about the legitimacy and safety of these internet finance companies. Certainly, business owners may have even more… Read more

Finance & Accounting, Small Business Loans

Small Business Credit Cards vs. Lines of Credit

All small business owners need a certain amount of capital to open their doors, keep them open, and pursue new opportunities. With so many options on the table, it’s critical to explore the pros and cons of each one. Here’s a look at two of the most popular: credit cards versus business lines of credit…. Read more

Finance & Accounting, Small Business Loans

3 Signs Your Business Could Benefit from a Commercial Loan

Companies borrow money to ensure access to extra working capital. These funds can help business owners grow their companies, weather rough patches, and operate more efficiently. Do you need to decide if it’s the right time for your business to apply for a commercial loan? If so, take a moment to gain some insight into the nature of… Read more

Finance & Accounting, Small Business Loans

How to Apply for a Loan Online

Everything you need to know about small business funding

The internet allows you to shop for groceries, read the news, check in on your friends and manage your personal finances, all from the comfort of your home. However, while all the tasks on that list are relatively easy, if you’ve never applied for a loan online, you may be wondering what that process involves…. Read more

Finance & Accounting, Small Business Loans

How to Get a Business Loan: An Overview of the Process

Almost all businesses eventually come to a point where they need extra capital. Whether you’re just getting started or ready to expand, applying for a business loan is something you need to know how to do. How to Get a Business Loan Identify how much you need and why. Loans should always be about growing… Read more

Finance & Accounting, Small Business Loans

The SBA Loan Requirements You Need to Know

The Small Business Administration (SBA) provides loans for small businesses that otherwise may not qualify for traditional bank funding. There are 7 SBA loan requirements that you must meet to apply for the 7(a) General Small Business Loan, their most popular program. The key factors of eligibility are based on what the business does to… Read more

Finance & Accounting, Small Business Loans

How You Can Get a Peer to Peer Loan

Peer to peer lending has created a financial revolution over the last several years. Peer to peer lending eliminates the middleman in loan transactions by creating an infrastructure so individuals can make loans directly to other persons or businesses. What is Peer to Peer Lending? Investopedia defines peer to peer lending as a method of debt… Read more

Finance & Accounting, Small Business Loans

9 Times a Revolving Line of Credit is Right for You

A revolving line of credit is a line of credit with a set spending limit. You may spend up to the limit but not past it, or you can opt to spend nothing at all. Once you repay the funds, you can spend them again in a continuous and revolving pattern. While revolving lines of… Read more

Finance & Accounting, Small Business Loans

4 Ways That Commercial Loans Can Help You Manage Your Business

Inc. Magazine published a discussion on the primary reason that 96 out of 100 businesses fail to make it to their 10th anniversary. That reason is, very simply, a lack of cash to pay bills. This is true even when these growing businesses have proven themselves as profitable; for many businesses, profits aren’t always immediately… Read more