A business plan is essential to steer your business in the right direction and achieve success. But do you need a business plan to apply for an SBA commercial loan? Keep reading to find out. What Is a Business Plan? First things first, so before delving into the details, let’s define what a business plan…
Women face unique hurdles when it comes to financing and running a business. Keep reading to discover some statistics that paint a precise picture of the challenges businesswomen face, plus some of the best financing tools at their disposal. Business Loans for Women: What You Need to Know Women account for more than half (58%)…
Today we take a closer look at a question as old as trade itself: When is the right time to take out a business loan? Keep reading to discover the answer. When Is the Right Time to Take Out a Business Loan? Conventional wisdom has an answer to the question in the title. The best…
The needs of a business are fluid and evolve constantly. What made sense a couple of months ago may need some adjustments today. Financing is no exception to this rule, as demonstrated by these four compelling reasons to refinance your business loan. Reduced Interest Rates The main reason to refinance your business loan is that…
With the coronavirus pandemic still unfolding, business loans are more important than ever. Companies of all types are facing unique challenges to stay in motion and a business loan can solve many of their problems. From asking the right questions to taking a look at your credit history, there are things you can do to…
Being prepared is always important, but it becomes essential when it comes to taking out a business loan. A good preliminary step is asking yourself questions that cover the most important aspects of the lending process. If you are considering taking out a business loan, think carefully about the following five points. 1.- Do I…
Taking out a business loan is an important step in the evolution of your organization. However, not all owners know what business loans can be used for. Keep reading to take a closer look at this important topic. What Can Business Loans Be Used For? Generally speaking, a business loan can be used for anything…
Gathering all the necessary documents is an essential step in securing any type of loan. If you are among those wondering what documents do you need for a business loan, keep reading to find a list of documents you may need, as well as some tips to help you throughout the process. What Documents Do…
If you are considering business financing options, chances are good that SBA loans and conventional loans are at the top of your list. But what are the differences between these two types of loans and which is the option that works for you? Keep reading to find out. What Are SBA Loans? The most important…
When you need a large amount of money to purchase real estate or fixed assets, 504 loans are the answer. Here’ what you need to know about this useful financing solution. What Are 504 Loans? 504 loans provide long-term financing for major business purchases, like real estate or large equipment. With fixed rates and repayment…
