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…
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…
Whether you are starting a business or planning to expand an existing one, you may be asking yourself “Who can finance my business?” In today’s post, we offer an overview of the options at your disposal. Who Can Finance My Business? Knowing who to turn to for business financing is fundamental to the success of…
Regardless of the industry, there’s a question all business owners ask themselves at some point: How to get equipment financing? Keep reading to discover the answer. What Is Equipment Financing? Put simply, equipment financing is a form of business financing that provides companies with the capital they need to purchase or borrow hard assets such…
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…
Purchasing an existing business is a smart way to give yourself a head start as you look for greater financial success. But what type of loan do you need if you want to purchase an existing business? Keep reading to find out. What Type of Loan Do I Need if I Want to Purchase an…
If you’re looking to take out an SBA loan, one of the first things to do is to be aware of the requirements you have to meet. In today’s post, we discuss the requirements for the two most popular SBA lending programs: 504 loans and 7(a) loans. Keep reading to learn more. SBA Loan Requirements:…
While a business plan is not always required when applying for an SBA loan, having one is a smart way to show a lender that you have a solid grasp of how your business and your industry work. This post will provide some tips on how to prepare a business plan, along with some general…
