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…
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,…
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:…
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…
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…
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…
