What is a working capital loan? Sometimes a business may experience an off-season when the profits come in too slowly and thus require a loan to buy inventory, cover payroll, buy new machines or even pay a marketing deal. It is at such moments when a business owner requires a short-term emergency loan, such a…
Available working capital business loan for small businesses Schools, boutiques, coffee shops and restaurants are categorized as small businesses, and all have one thing in common – they require working capital. If the businesses do not have enough cash flow, it can be challenging for them to meet their short term financial needs, which include…
Online financing for business If you are an entrepreneur searching for funds to develop your small business, you are probably aware that traditional lenders like bank loans and SBA loans are hard to secure. Online business loan Today, you can consider online business loan as one of the best options as they are readily available…
In times past, it took several days running into weeks to get access to business loans. unfortunately, quick business loans were not even readily available. You will spend a lot of time preparing a loan application only for you to be rejected in the end. Fortunately, times have changed and it is no longer difficult to…
Managing a restaurant is both time consuming and expensive. Unfortunately, restaurant returns are mostly seasonal. You may need extra cash to fund an emergency repair work, or train your staff, buy food items for a new recipe, or buy a new equipment. Since the cash flow is not steady when you operate a restaurant business,…
A guide to factoring receivable and why it is a good choice for your business Every business owner has a goal that they want to achieve. Among them is to see their business grow. But the problem comes when financial constraints strike due to delayed payments from customers, which becomes a major hindrance to not…
Direct business lending involves financing that is made available directly to the business without the participation of a third party. Through direct business lending, the borrower is given greater discretion in making loans. Difficult bank loans Loans for running a small or medium sized business and working for its growth require capital. The process of…
Collateral is required by almost all lenders as a minimum qualification. Consequently, new small businesses and startups seldom apply for unsecured business loans. The rates and terms of these types of loans are between 10% – 30% and have terms of up to 3 or more years. However, lenders cannot seize personal assets even if…
Business loans are loans that help businesses when they need funding for certain projects. Some businesses run into emergency situations where they need cash to fund the purchase of an equipment, pay for space on which they operate, fund the hiring and training of new staff, or fund daily operations in the company. Sometimes, business…
In the past, loan applications could take months and the process was usually time-consuming. The requirements were also difficult to meet. In recent years, lenders have made loan applications easy. Some lenders can offer you loans worth $500,000 in less than 24 hours. These loans come with easy requirements as well. Check out the three…