If you need capital for your business, knowing the basics of each financing alternative can make a big difference. That’s why today we take a detailed look at the differences between bridge loans and conventional loans to help you figure out which one makes sense for you. What Is a Bridge Loan? Before we delve…
If you are starting a business or looking to grow an existing one, understanding equipment financing is essential. With that in mind, in today’s post, we provide a basic definition of equipment financing, as well as some real-life examples of equipment financing. A Definition of Equipment Financing Simply put, equipment financing is a type of…
Each year, thousands of American business owners turn to the SBA for business financing. However, not all loans offered through this agency are the same. So, what are the most popular SBA loans? What Are the Most Popular SBA Loans? The Small Business Association (SBA) offers a vast array of financing alternatives, ranging from microloans…
Since bridge loans are often used in commercial real estate transactions, a lot of people are under the impression that bridge loans are a type of mortgage. But are they? In today’s post, we provide an answer: keep reading to learn more! Is a Bridge Loan a Mortgage? The short answer is no, bridge loans…
When it comes to financing your business, you have many options at your disposal, including overdrafts. But how do overdrafts stack up against business loans? Which one is the best alternative? Keep reading to discover the answers to these questions. What Is an Overdraft? At the end of the day, an overdraft is simply a…
As we have explained in previous posts, 504 loans were designed to purchase land, facilities, or long-term machinery. But can you use a 504 SBA loan for renovations? Keep reading to discover the answer. Can you Use a SBA 504 Commercial Loan for Renovations? The short answer is yes, you can use a 504 loan…
When looking for a financing alternative, you have to consider many factors. For example, are SBA loans public record? In today’s post we answer this question and offer some useful tips and facts about SBA loans. Are SBA Loans Public Record? Yes, the information about Small Business Administration (SBA) loans is a matter of public…
Whether you are starting a business or planning to expand an existing one, you may be asking yourself “Who can finance my business?” In today’s post, we offer an overview of the options at your disposal. Who Can Finance My Business? Knowing who to turn to for business financing is fundamental to the success of…
Regardless of the industry, there’s a question all business owners ask themselves at some point: How to get equipment financing? Keep reading to discover the answer. What Is Equipment Financing? Put simply, equipment financing is a form of business financing that provides companies with the capital they need to purchase or borrow hard assets such…
For many entrepreneurs, writing a business plan is one of the most daunting parts of applying for a business loan. With that in mind, today we take a closer look at SBA loan business plan requirements, including the structure of the two most common types of business plans. What Is a Business Plan? Simply put,…
