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…
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…
If you are a business owner, you probably have heard about Small Business Administration (SBA) loans and their benefits. But are they hard to get? In today’s blog post, we answer this question and offer some useful business financing tips. What Are SBA Loans? SBA loans are loans that are partially guaranteed by the Small…
When you consider financing alternatives, one of the main variables you need to assess is the term of the loan. So, if you are thinking about taking out an SBA loan, chances are good that you are asking yourself: “How long are SBA loans?” Well, you’ve come to the right place: read on to find…
As the old saying goes, “You have to spend money to make money”, and your business is no exception. One way to elevate your business to the next level is by investing in new equipment. Whether you’re starting a new business or looking to expand, new equipment can significantly improve your operations and increase your…
Starting your own business is an exciting journey, but it can also be a challenging process. There are a lot of things you need to consider before venturing into entrepreneurship . With that in mind, we have compiled some essential tips to help guide you through the process and set you up for success. 1.…
Each year, thousands of American business owners turn to the SBA for business financing. However, not all loans offered through this agency are the same. So, what are the most popular SBA loans? What Are the Most Popular SBA Loans? The Small Business Association (SBA) offers a vast array of financing alternatives, ranging from microloans…
When it comes to financing your business, you have many options at your disposal, including overdrafts. But how do overdrafts stack up against business loans? Which one is the best alternative? Keep reading to discover the answers to these questions. What Is an Overdraft? At the end of the day, an overdraft is simply a…
For many entrepreneurs, writing a business plan is one of the most daunting parts of applying for a business loan. With that in mind, today we take a closer look at SBA loan business plan requirements, including the structure of the two most common types of business plans. What Is a Business Plan? Simply put,…
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…
