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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...
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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...
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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...
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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...
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No matter the device, proper equipment is essential to power the engine of a successful business and to generate growth. As any small business owner can attest, having the most efficient and productive equipment boosts the bottom line. Small business owners can also attest, however, that purchasing or even upgrading existing equipment is costly, and...
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Are you a small business owner in need of cash right now? Consider a merchant cash advance. MCA’s can be a lifeline for businesses but before obtaining one, educate yourself on what they are and their pros and cons.  What is a Merchant Cash Advance? An MCA is a cash advance from a creditor based...
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The short answer is no. You shouldn’t leverage a business line of credit for personal expenses. Even though many business owners consider their businesses as extensions of themselves, using your line of credit for personal expenses, can cause you major issues down the road.  At the end of the day, lenders so not monitor every...
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Equipment Financing for Medical Equipment  Medical Equipment Financing can be an excellent option for any healthcare profession. It can work to enhance your business in many ways. Patient growth and up to date healthcare equipment are keys to cash flow in the medical arena so that your organization can provide the most state-of-the-art care in...
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In a word, what describes what small businesses face in the Coronavirus pandemic? Uncertainty. A July 2020 survey from the U.S. Chamber of Commerce shows a majority of small businesses that closed in the spring when COVID hit have reopened. Yet, a majority worry about financial hardships or even going out of business.  The varying...
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More than 11.6 million businesses in the United States are owned by women, however for some reason, financing options for women business owners seem few and far between. Even when applying for loans, women were less likely to be approved compared to men. When it comes time for women business owners to obtain the financing...
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