BitX Funding Blog
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Our blog provides the latest small business lending trends and industry news. BitX Funding is a lending partner connecting small businesses to financing options faster and more often than the traditional alternatives.
BitX Funding Blog
1y ago
The Current State of PPP Loan Forgiveness The COVID-19 pandemic has had a significant effect on American businesses, and everyone has felt the impact of this massive pandemic. Fortunately, many companies could get the help they needed through the SBA PPP guarantee. This program allotted billions for encouraging small businesses to stay strong during the ..read more
BitX Funding Blog
1y ago
Applying for a Restaurant Loan in 2022 After an unprecedented year of economic hardship, many restaurant owners are making a comeback in 2022. The economy is beginning to thrive post-covid, and restaurant owners have an excellent chance to recover their losses with a suitable small business loan. However, due to the volatile nature of restaurants ..read more
BitX Funding Blog
1y ago
For entrepreneurs in the restaurant business, it is fantastic news that people these days prefer eating, which means plenty of new opportunities to open restaurants. But, a real challenge they face is how to begin the setup for that restaurant, as it needs restaurant financing. Restaurant financing includes any money-driven arrangement that helps someone open ..read more
BitX Funding Blog
2y ago
How to Finance a Franchise Restaurant? A Short Overview of Franchise Finance A franchise is a business that operates under the name of an already existing brand. It has to follow the structure, models, and regulations of its business. If you want to start a franchise, you should know its strategies and structure. BitX Funding ..read more
BitX Funding Blog
2y ago
Restaurant loans are used to buy equipment, hire more employees, or pay the bills when the sales are slow. There are various funding options available from direct to alternative lenders. Hence, the interest rates and the term length can vary from lender to lender. If you choose an online lender to get a loan, you ..read more
BitX Funding Blog
2y ago
Best Post-Covid Recovery Loans for Restaurants We all depend on restaurants for our social and dining needs. In the same way, restaurants depend on consumers to stay strong and continue delivering their essential services. However, COVID-19 had a massive effect on the economy, making it difficult for restaurants to stay in business and thrive during ..read more
BitX Funding Blog
2y ago
A long-term business loan is the best option when you decide to expand your business or make a significant investment. Long-term business loans are available from an online lender, banks with repayment terms from three to 10 years. But, they can also go for 25 years. The benefits of long-term business loans include more time ..read more
BitX Funding Blog
2y ago
An inventory loan is a type of small-term business loan that companies offer to retailers so that they can easily buy stock. The loan is secured against the store, which is used as collateral in the case when the stock is not sold. An inventory loan is beneficial for the business that pays their supplier ..read more
BitX Funding Blog
2y ago
Short-term business loans are also known as commercial loans, and they provide much-needed finance for business holders in a pinch. Whether you need to cover a gap in cash flow. You can take advantage of Business Loans Short Term. Because it is a promising opportunity and handle your emergency expenses easily. A short-term business loan ..read more
BitX Funding Blog
2y ago
Short-term business loans are also known as short-term commercial loans, and they can provide funding to the business holders. Whether you need to fulfill the gap in your cash flow, handle an emergency, or want to take advantage of an opportunity, these loans can give you effortless and quick access to financing. Short-term financing can ..read more