Categories
Uncategorized

Refinancing vs Consolidating Business Debt: What’s the Difference?

Estimated read time 3 min read

How much debt does your business have? According to an Experian study, the average small business has nearly $200,000 of debt. Medium- and large-sized businesses, [Read More…]

Categories
Uncategorized

An Introduction to Equipment Financing: What You Should Know

Estimated read time 3 min read

Regardless of what your business does exactly, it will probably require equipment. Nearly all businesses have at least some type of equipment. Common examples of [Read More…]

Categories
Uncategorized

How to Get Approved for a Business Line of Credit

Estimated read time 3 min read

Insufficient cash can spell disaster for your business. All businesses need cash to cover expenses. In addition to inventory, your business may incur expenses related [Read More…]

Categories
Uncategorized

The Beginner’s Guide to Mezzanine Financing

Estimated read time 3 min read

When researching alternative ways to finance your business, you may come across mezzanine financing. There are mezzanine loans that you can use to cover your [Read More…]

Categories
Uncategorized

The Paycheck Protection Program (PPP) Has Ended. Now What?

Estimated read time 3 min read

The Paycheck Protection Program (PPP) has officially come to a close. As of May 31, 2021, lenders are no longer accepting applications for PPP loans. [Read More…]

Categories
Uncategorized

5 Common Business Valuation Mistakes to Avoid

Estimated read time 3 min read

Are you planning to conduct a valuation of your business? By calculating the value of your business, you can secure equity financing without forfeiting an [Read More…]

Categories
Uncategorized

What Do Lenders Look for If You Have Bad Credit?

Estimated read time 3 min read

Getting approved for a business loan isn’t always easy. While different lenders have different requirements, many of them will evaluate your business’s credit score as [Read More…]

Categories
Uncategorized

What Is Acquisition Financing and How Does It Work?

Estimated read time 3 min read

Does your business have its eyes set on acquiring another business? Acquisitions have become increasingly common. In 2020, there were over 10,000 mergers and acquisitions [Read More…]

Categories
Uncategorized

The Pros and Cons of Using a Microloan to Finance Your Business

Estimated read time 3 min read

Is your business in need of financing? While you can always apply for a traditional loan from a bank or alternative lender, you may want [Read More…]

Categories
Uncategorized

Understanding Burn Rate and How It Affects Your Startup

Estimated read time 3 min read

Burn rate is an important metric to consider when seeking venture capital. If you’re planning to launch a new business — or if you’ve already [Read More…]

Categories
Uncategorized

How Credit Inquiries Affect Your Personal Credit Score

Estimated read time 3 min read

Maintaining a good personal credit score can open the doors to a world of new financing possibilities. Whether you’re looking to obtain a mortgage, a [Read More…]

Categories
Uncategorized

Business Plan vs Marketing Plan: What’s the Difference?

Estimated read time 3 min read

You can’t expect the win the confidence of investors unless you prepare the right documents. Investors are highly selective when choosing businesses in which to [Read More…]