While a business plan is not always required when applying for an SBA loan, having one is a smart way to show a lender that you have a solid grasp of how your business and your industry work. This post will provide some tips on how to prepare a business plan, along with some general…
No matter what industry you’re in, expanding or renovating your business often means purchasing a commercial property. Keep reading to learn more about commercial real estate loans, from a basic definition to the different types of loans you have at your disposal. What Is a Commercial Real Estate Loan? If what you want is a…
Due to a combination of factors, businesses are finding it increasingly difficult to navigate the current economic landscape. In this post, we explore the causes behind this phenomenon and show you how Gellyfish Commercial can help your business. A Complex Landscape From the pandemic to a global supply chain crisis, businesses are facing unique challenges…
Are you considering taking out a bridge loan? If the answer is “Yes,” keep reading to learn more about the pros and cons of this effective form of short-term financing. What Is a Bridge Loan? A bridge loan is a form of short-term loan that borrowers use to cover their immediate cash flow needs while…
As many entrepreneurs can attest, having bad or insufficient credit history can really put a damper on your business plans. But while bank loans may be out of the question, you have other options, like revenue-based loans. Keep reading to learn more. What Are Revenue-Based Loans? Revenue-based loans differ from traditional loans in some significant…
In today’s post, we give you all the information you need about real estate loans, from a basic definition to the options you have when it comes to purchasing commercial real estate. What Is a Commercial Real Estate Loan? As you may have guessed by the name itself, commercial real estate loans are loans geared…
Inflation is making the headlines and seems to be foremost in the minds of everyone these days. That’s why in today’s blog we talk about what inflation is, why it happens, and help you understand whether taking out a commercial loan to manage the effects of inflation is a good idea. What Is Inflation? This…
According to the most recent data from the California Employment Development Department, there are more than 1.2 million firms in California. Of course, not all these businesses are the same. Some organizations are bigger than others. Some have an impeccable financial track record while others have a checkered credit history — or no credit history…
When it comes to financing your business, there are many solutions beyond complicated bank loans. Today we take a detailed look at one of those alternatives: revenue-based loans. Keep reading to learn more. What Are Revenue-Based Loans? As the name suggests, what makes revenue-based loans different is that they are not based on your company’s…
There are several reason why you might need to get funds fast. Maybe you plan to make a real estate purchase. Or perhaps you need to cover operating expenses while you secure long-term financing. In all these scenarios (and many others), a bridge loan can help you get where you want to be. What Is a Bridge…
