Credit scores are often associated with individual consumers and their personal finances, but did you know that businesses can also have credit scores? In this blog post, we answer this question and provide some useful tips every business owner should be aware of. What Is a Business Credit Score? A business credit score is a…
While there are certainly pros and cons to every type of loan, conventional loans offer a number of unique benefits that make them an attractive option for many businesses. In this post, we’ll take a closer look at the advantages of conventional loans for business financing. Longer Terms Conventional loans typically offer longer repayment terms…
If you’re in the market for a loan, it’s crucial to understand the difference between recourse and non-recourse loans. In this blog post, we’ll explain the difference between recourse and non-recourse loans and help you determine which option is right for your needs. What Are Recourse Loans? Recourse loans are secured loans, which imply that…
Getting a business loan can be a challenge when you have a low credit score. This leads to an important question: are business loans based on personal credit? In this blog post, we will answer that question, discuss the factors that influence business loan approvals, and provide tips on how to improve your credit score…
The two most common types of business loans are fixed-rate and variable-rate loans. As a business owner, it’s crucial to understand the differences between these two loan types so you can make an informed decision. In this blog post, we’ll discuss the pros and cons of each type and provide information that can help you…
As a business owner looking for financing options, deciphering financial jargon can be a daunting task. Terms like APR, collateral, and credit score may leave you scratching your head. To help you navigate the complex world of business loans, we’ve put together a glossary of commonly used terms. With this guide, you’ll be better equipped…
When it comes to bringing your vision to life, business loans and lines of credit are two of the most common financing options. But which one is best for you? Today we explore the differences between these two alternatives. What Is a Business Loan? A business loan is a specified amount of money that a…
Any business owner has at least two alternatives when faced with an expense: business loans or credit cards. With that in mind, in today’s post, we go through the pros and cons of each alternative. Business Loans vs Business Credit Cards If you are wondering which is the best option between business loans and credit…
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…
When it comes to refinancing your commercial loan, understanding some basic financing terms can make things a lot easier. From cash flow to Debt Service Coverage Ration (DSCR), here are five terms you need to know. Cash Flow This term refers to the amount of money moving in and out of your business. Cash comes…
