When you consider financing alternatives, one of the main variables you need to assess is the term of the loan. So, if you are thinking about taking out an SBA loan, chances are good that you are asking yourself: “How long are SBA loans?” Well, you’ve come to the right place: read on to find…
As the old saying goes, “You have to spend money to make money”, and your business is no exception. One way to elevate your business to the next level is by investing in new equipment. Whether you’re starting a new business or looking to expand, new equipment can significantly improve your operations and increase your…
Starting your own business is an exciting journey, but it can also be a challenging process. There are a lot of things you need to consider before venturing into entrepreneurship . With that in mind, we have compiled some essential tips to help guide you through the process and set you up for success. 1.…
Whether you are well on your way into starting a company or just considering it, you are probably asking yourself what’s the best loan for starting a business. Well, wonder no more, because this post was made for you. What’s the Best Loan for Starting a Business? As with many other things, the answer will…
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…
