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…
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…
Before applying for a commercial loan, it is important to understand whether business loans are secured or unsecured. In this blog post, we will discuss the difference between these two terms and help you determine which type of loan is best suited for your business. What Are Secured Business Loans? A secured business loan is…
Starting a business can be daunting, and financing is one of the key challenges that most entrepreneurs face. Whether you’re looking to start a new venture or grow an existing one, securing financing can play an essential role in your success. In this blog post, we’ll explore the many uses of business financing and how…
If you are considering taking out a business loan, then a cost-benefit analysis is in order. In today’s post, we tell you everything you need to know about cost-benefit analysis, from a basic definition to a practical example. What Is Cost-Benefit Analysis? Cost-benefit analysis is a process of evaluating the costs and benefits of a…
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…
Even if you have a brilliant business idea, funding is one of the trickiest aspects of starting a business. In this post, we discuss how to use SBA loans to start a business, and talk about other financing options you should keep in mind. Can SBA Loans Be Used To Start a Business? The answer…
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…
