When it comes to commercial real estate, one of the most common dilemmas you’ll face as a business owner is owning vs renting. This is a decision that can have a big impact on your business and financial situation, so it’s important to weigh the pros and cons carefully. In this blog post, we take…
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…
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…
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…
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,…
If you’re looking to take out an SBA loan, one of the first things to do is to be aware of the requirements you have to meet. In today’s post, we discuss the requirements for the two most popular SBA lending programs: 504 loans and 7(a) loans. Keep reading to learn more. SBA Loan Requirements:…
