by G Finegan | Mar 31, 2023 | 1800bizfund
Business owners who need fast access to cash can benefit from the accelerated approval and funding times available with same-day business loans. However, high interest rates and short repayment terms can make these loans more expensive than traditional financing....
by G Finegan | Mar 31, 2023 | 1800bizfund
Requirements vary significantly by lender, but you should be prepared with the following: Personal credit reports and scores from all three major credit bureaus. (The lender will obtain their own copies but it’s good for you to check first.) Business forecast...
by G Finegan | Mar 31, 2023 | 1800bizfund
1. SBA Loans SBA loans are business loans that are guaranteed by the U.S. Small Business Administration (SBA). Because the federal government guarantees to repay up to 85% of the loan amount if a borrower defaults, it reduces the level of risk involved for the...
by G Finegan | Mar 31, 2023 | 1800bizfund
1. Decide Why You Need Financing There’s more than one kind of small business loan. Deciding why you need financing will help you choose the right kind of loan. Here are a few common scenarios: Buy new equipment Some lenders offer equipment loans. This type...
by G Finegan | Mar 31, 2023 | 1800bizfund
What Is a Working Capital Loan? A working capital loan is financing a business can use to pay for day-to-day operations. This may include covering payroll, making debt payments, restocking inventory and staying current on rent. Working capital loans are typically...
by G Finegan | Mar 31, 2023 | 1800bizfund
Starting a business can feel like a Catch-22. That’s because, in most industries, you can’t begin operations without significant starting capital. Unless generous investors back your business, you’ll need to take out a business loan, which typically requires your...
