Articles Written By Madison Taylor
If you run a small business and you're looking for funding to grow it, you may have heard about SBA Loans. You may have some questions about how they work and if they are right for you and your business. What Is an SBA Loan? SBA loans are made in an agreement between the SBA...
Getting a business loan can be tough. You need collateral to secure the loan and if you’re just starting out or a small business owner that hasn’t accrued collateral yet, this can be an issue. Assets that can be used as collateral buildings, equipment, vehicles, or even accounts receivable. If you aren’t able to pay...
To put it simply, it depends! Every business’s situation is unique and some of the requirements may be difficult to accomplish. Some of these factors include..your credit score, the quality of your business plan, your previous experience working in restaurants, and the type of collateral you have. Here’s more information on what you should know...
If you are one of the millions of small businesses formed in late 2019 or early 2020, you've likely experienced some loss in 2020. And, before 2020 began, you may have applied for one of many Small Business Loans, or at least considered applying for a loan with the small business administration (SBA). Whether your...
Running a commercial trucking company can be challenging, before you even get your wheels on the road. Before you can first open your doors, you must invest in at least one truck. Depending on your business plan, you may want more than one. So, who has to pay for that eighteen-wheeler? You do, unfortunately. You...
When your small business needs funding, an SBA loan may be a great alternative to more common small business loans. What is an SBA loan? Simply put, they’re small business loans that are partially backed by the Small Business Association (SBA), a government agency. Because the SBA backs the loan, at least in part, lenders...
Amid the 2020 pandemic, restaurant owners have been facing more setbacks than ever when it comes to keeping their business afloat. As a result, they are seeking information on how to get a restaurant business loan. If you run a restaurant, you more than likely have been looking for ways to improve your restaurant’s finances....
Many entrepreneurs require a small business loan to get started; however, choosing the right business loan can be intimidating. Fortunately, there are several different avenues of business loans to choose from, including an SBA loan. What is an SBA loan? What is an SBA 504 loan? How does it work? What is the difference between...
Bad Credit? Know Your Options If you are a trucking business owner, you know how essential your transportation business is, especially during the pandemic. Several companies are struggling to stay afloat in these times, and it is not always easy to decide where to look for a loan. The situation can feel particularly hopeless if...
If we have learned one thing from this year, it would be that nothing is set in stone, things can happen that are out of our control. As a business owner, these hiccups can be detrimental to your business’s success. One industry that has been affected recently would be the clothing retail industry. Luckily, there...