Unless you’ve been steering clear of all pandemic-related news stories — which can actually be a cleansing experience — as a business owner you’re certainly well aware of the Paycheck Protection Program (PPP). Thousands of businesses have taken advantage of PPP round 1 and/or round 2 to receive loans that are nothing short of lifelines [...]
With the COVID-19 pandemic still causing havoc to many businesses across the country, the second round of the Paycheck Protection Program (PPP) is underway. As you may recall, funds quickly ran out during the first round, so it’s important to apply as soon as you can. This second round is aimed at businesses that may [...]
Keeping a business afloat in these dire times is hard. There are already many factors to sustaining a profitable company, but having bad credit is a problem that hits hard. You might think it’s near impossible to find a financing option when you’re head in under the bad credit strain. It’s hard to get approved [...]
Business owners need access to capital to keep their businesses going. Small business loans are an accessible way for new and old business owners to access this capital. Small business loans are used to start new companies or provide business owners with the money to buy new inventory, strengthen their financial foundation, or grow their [...]
A good credit score can come with many perks that any person could benefit from. Things like lower interest rates and better deals for whatever purpose you choose: a mortgage, procuring a credit card, getting car loans, or even for a business loan. But credit scores are not usually on the top of our priority [...]
There are many reasons why a company might suddenly need a loan. It can be because the business is struggling. Or maybe an opportunity was presented, and it’s just too good to pass up. Or you might think it’s time to expand the business, but you don’t have access to the funds yet. Regardless of [...]
There comes a time when business owners will need some external financial assistance. It can be for various reasons such as advancing the business or help in keeping it afloat. Financial assistance can be acquired through multiple means, with loans being the most well-known method. But getting loan approval can be a lengthy process, and [...]
Getting a loan for a business is a tough deal for most people. For whatever reason you may need it, be it for extra financing or for business stability, the one thing you have to do is convince lenders to give you the money. But how do you do that with bad credit? Even worse, [...]
A microloan is intended for entrepreneurs who need a small amount of financial assistance to get their business going but have trouble securing a loan with a traditional bank due to bad credit scores. Microloan organizations offer start-up entrepreneurs, home-based businesses, and owners of new and existing small businesses the capital they need. When small [...]
Getting equipment for a business is expensive, which is why many business owners use equipment leases and equipment loans to buy computers, vehicles, machines, and heavy equipment. Before you can get financing for your equipment, however, you should understand and evaluate your business. You should know what you need. Unfortunately, even if you know just [...]
Cash is king when it comes to business. Businesses need money for everything they do. What can you do if you need quick access to cash in an emergency, such as broken equipment or a lack of supplies, or to take advantage of unexpected opportunities? That’s where working capital comes into play. The problem with [...]
Most people understand that having a good credit rating is an essential part of doing business. Having good credit is particularly important if you need more working capital and are considering taking out a small business loan. Unfortunately, it can be challenging to get approval for a loan if you have a low credit rating. [...]
