When you need a large amount of money to purchase real estate or fixed assets, 504 loans are the answer. Here’ what you need to know about this useful financing solution. What Are 504 Loans? 504 loans provide long-term financing for major business purchases, like real estate or large equipment. With fixed rates and repayment…
504 loans are one of the most popular SBA lending programs. But how exactly can small business owners use a 504 loan? How Can I Use a 504 Loan? First off, let’s define what a 504 loan is. According to the SBA, 504 loans provide long-term financing to purchase major fixed assets that promote growth…
While SBA loans are a powerful financing alternative for business owners, they can also be confusing to the uninitiated. If you are new to the world of SBA loans, don’t worry. This essential glossary will help you make sense of it all. 7(a) Loans This is SBA’s most common loan program and the best alternative…
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,…
A business loan is a key component in the strategy of any business, regardless of its size or scope. Here’s everything you need to know about business loans, from a basic definition to the best options in business loans depending on what you need the capital for. What Is a Business Loan? A business loan…
Interested in taking out a business loan? Get a jump on the lending process with these nine essential financing terms. Collateral This is the asset or assets that a borrower (see below) pledges as a backup when they take out a loan. In the case of loans that involve a substantial amount of money, real…
When it comes to getting the funds you need for your projects, timeframes and deadlines don’t always align neatly one after the other. When you come across a financing gap, a bridge loan is an ideal way to overcome the hurdles that stand in your way to success. What Is a Bridge Loan? A bridge…
Financing is key to any business, but funds are not always easy to come by. Fortunately, small business owners have an ace up their sleeve: SBA loans, a convenient and flexible financing solution that makes it easy for you to maintain or grow your business. Keep reading to learn more about SBA loans: What they…
