Key Highlights Unsecured loans don’t require collateral but rely on creditworthiness, often resulting in stricter criteria and higher interest rates. Demonstrating strong cash flow, building business credit, and seeking alternative lenders can enhance your chances despite a low credit score. Having a co-signer with good credit can significantly improve your loan approval chances by reducing lender risk. A thorough application with a clear business plan, financial projections, and repayment strategy can be essential for approval. Paying bills on time, reducing debt, disputing errors, and ..read more

Key Highlights Short-term business loans offer fast funds to cover immediate business expenses These loans are typically repaid within 36 months or less Online lenders provide these business loans with flexible qualification requirements Some popular options for short-term loans include lines of credit, merchant cash advances, invoice financing It is important to evaluate your business loan choices based on criteria such as eligibility, interest rates and fees, and repayment terms Introduction When running a small business, there may be times when you need immediate funds to cover unexpected e ..read more

Key Highlights Short-term business loans offer fast funds to cover immediate business expenses These loans are typically repaid within 36 months or less Online lenders provide short-term business loans with flexible qualification requirements Some popular options for short-term business loans include lines of credit, merchant cash advances, invoice financing, and online short term loans It is important to evaluate your business loan choices based on criteria such as eligibility, interest rates and fees, and repayment terms Introduction When running a small business, there may be times when you ..read more

Has the COVID-19 pandemic have a negative impact on your business? Claiming the Employee Retention Tax Credit (ERTC) for eligible employees is still possible. But what is the ERTC? The Employee Retention Tax Credit (ERTC) also known as ERC (Employee Retention Credit), is a program created in response to the COVID-19 pandemic and economic shutdown which incentivizes companies and small businesses with a refundable tax credit for maintaining their payroll during 2020 and 2021. This tax credit is a subsidy that businesses may take advantage of in order to keep their workers on their payroll. Beca ..read more

There’s no doubt that veterans have a lot to offer businesses. After all, they’ve had to deal with a lot of challenges and hardships in their military careers. As a business owner, it’s important to be aware of the various Loans available to veterans, so you can make the best possible decision for your own business. In this blog post, we’ll explore the different types of loans available to veterans as well as explain how you can apply for them. We hope that this will help you find the perfect business loan worthy of your service to this country! What… The post SBA Express Loans for Veterans &a ..read more

Have you been looking for an unsecured business funding option but haven’t found anything that suits your needs? Well, look no further! This blog has compiled a list of the best unsecured business funding options for 2023, based on factors like interest rates, term length, and credit requirements. By reading through this list, you’ll be able to find the perfect financing option for your biz needs. Unsecured business funding: at a glance There are a number of options available, all of which have their own benefits and drawbacks. Since the loan is unsecured, most of these loans come with higher ..read more

In this blog, we will delve into the financial terms EBIT (Earnings Before Interest and Taxes) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and explore their significance in the realm of finance. Context and Financial Statements: To provide a foundation, let’s begin by understanding where EBIT and EBITDA fit within the three primary financial statements: the balance sheet, the income statement, and the cash flow statement. The balance sheet offers an overview of an organization’s assets and liabilities at a specific point in time. The income statement showcases ..read more

You’ve likely heard the term “Baby Boomers”, but how about “Grey Tsunami”? The “grey tsunami” refers to the wave of aging business owners (Boomers) who are reaching retirement age and looking to sell or transfer ownership of their businesses. This trend is expected to accelerate in the coming years, creating a unique opportunity for younger entrepreneurs to acquire established businesses and grow their own enterprises. One way for younger entrepreneurs to take advantage of this opportunity is through the Small Business Administration’s (SBA) 7a loan program, which provides financing for the ac ..read more

Is your business the busiest in the summer months and winter is slowest and you are unable to get traditional financing due to the volatility of your revenues? How about if it’s busier in winter than summer? Seasonal businesses have a unique set of challenges when it comes to financing. They require quick and flexible options to manage their fluctuating cash flow. Merchant cash advances (MCAs) provide exactly that, making them a popular choice for seasonal businesses. What is a Merchant Cash Advance? A merchant cash advance is a type of financing that provides a lump sum of cash to… The post M ..read more

A UCC-1 filing is one of the most misunderstood business filings. This blog will help you understand what a UCC-1 filing is and why it’s important to every business. We’ll also cover the difference between specific and blanket liens, how they affect your business, and who should file one of these statements. Finally, we’ll give you tips on how to check for or remove UCC liens from your business’s assets upon settlement or payoff. What is a UCC-1 filing? A financing statement is a legal document filed with the state government that provides specific details of any loan or lease… The post What i ..read more