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…
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…
Taking out a business loan is an important step in the evolution of your organization. However, not all owners know what business loans can be used for. Keep reading to take a closer look at this important topic. What Can Business Loans Be Used For? Generally speaking, a business loan can be used for anything…
Gathering all the necessary documents is an essential step in securing any type of loan. If you are among those wondering what documents do you need for a business loan, keep reading to find a list of documents you may need, as well as some tips to help you throughout the process. What Documents Do…
If you are considering business financing options, chances are good that SBA loans and conventional loans are at the top of your list. But what are the differences between these two types of loans and which is the option that works for you? Keep reading to find out. What Are SBA Loans? The most important…
7(a) loans are one of the SBA’s flagship loan programs, but that doesn’t mean that everyone understands them. On the contrary, questions about 7(a) loans abound—that’s why we decided to answer some of them. What Are 7(a) Loans? The 7(a)-loan program is the SBA’s most common loan program. These loans are geared to small businesses…
When it comes to loans, business loans and personal loans are two of the most common. But what are the differences between them? What are personal loans used for? Keep reading to discover the answers. What Is a Business Loan? Simply put, a business loan is a loan intended for business purposes. Needless to say,…
