Articles Written By Madison Taylor
The U.S. Small Business Administration (SBA) offers disaster loans to businesses that have been affected by major events. The loans provide operating capital to get you through a hard time. What can you do with the loan? What happens if things don’t turn around, though? Can SBA disaster loans be forgiven? How do SBA Disaster...
If you're a small business owner in need of extra funds, you may be interested in a merchant cash advance. You probably have a few questions, like: how does a merchant cash advance work? And, can I qualify for a merchant cash advance with bad credit? A merchant cash advance may be the ideal solution...
If you’re a business owner, understanding the different types of financing available for your company is critical for continuous growth. One of these forms of funding is revolving credit. Never heard of it before? Wondering to yourself, “How does a revolving line of credit work?” It’s a flexible type of financing that gives your company...
Like many business owners, you may be struggling to stay afloat due to the Coronavirus and considering a loan for the first time. Or perhaps you’re looking to expand your business and need access to working capital. Whatever the case, the right small business loan can make all the difference in planning for the future....
A business line of credit can be a handy tool for small businesses. Not only does it offer you the flexibility to get through financially sticky times, but it’s borrowing power is much more forgiving than a traditional business loan. In this article, we’ll walk you through everything you need to know about a business...
When weighing your options for a loan, you may have come across asset-based loans. Just what is an asset-based loan? Essentially, this lending model requires you to use your assets as collateral, much like a secured business loan. This article explains the basics of an asset-based loan and how it works, allowing you to figure...
Unless you have excellent cash flow or you’re fortunate enough to have plenty of your own money for your startup, most entrepreneurs wonder, how much can I get on a business line of credit? How to determine how much line of credit you can get for your small business might seem confusing, but you can...
When it comes to determining the cost of a small business loan, it depends on a number of different factors; the amount you’re looking to borrow, payment schedule and the type of small business loan you intend to apply for. No matter what type of loan you are seeking, you are going to want to...
Spring and summer are the busiest times of the year for most automotive repair businesses. As the winter approaches, now is a good time for auto shops to take care of those items on their to-do lists, just as any good car owner would do for their car’s maintenance. If garage equipment is deteriorating or...
What is an SBA Guaranteed Loan A guaranteed Small Business Administration loan is not a guarantee of approval. Rather, it is a guarantee from a U.S. government agency with the full faith and credit of the U.S. to a private lender insuring a majority of the loan should the borrower default. SBA loans fuel economic...