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…
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…
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…
