Any business owner has at least two alternatives when faced with an expense: business loans or credit cards. With that in mind, in today’s post, we go through the pros and cons of each alternative. Business Loans vs Business Credit Cards If you are wondering which is the best option between business loans and credit…
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…
No matter what industry you’re in, expanding or renovating your business often means purchasing a commercial property. Keep reading to learn more about commercial real estate loans, from a basic definition to the different types of loans you have at your disposal. What Is a Commercial Real Estate Loan? If what you want is a…
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…
Inflation is making the headlines and seems to be foremost in the minds of everyone these days. That’s why in today’s blog we talk about what inflation is, why it happens, and help you understand whether taking out a commercial loan to manage the effects of inflation is a good idea. What Is Inflation? This…
A business plan is essential to steer your business in the right direction and achieve success. But do you need a business plan to apply for an SBA commercial loan? Keep reading to find out. What Is a Business Plan? First things first, so before delving into the details, let’s define what a business plan…
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…
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…
