Getting approved for a small business loan from traditional lenders or the SBA is difficult. A growing number of businesses are securing funding through online lenders. What do restaurants, auto parts stores and essentially all businesses have in common? They can’t survive for long without some combination of cash or financing. A significant lapse in […]
Denied for a Small Business Loan? Consider Alternative Lenders Read More »
Whether at the beginning of their business venture or well down the line, at some point, most entrepreneurs and small business owners will find themselves in need of financing. Some entrepreneurs are looking for help getting their dreams off the ground, and others need help growing, expanding, or keeping things moving. Whatever the reason, a
What It Really Takes to Apply For and Secure a Small Business Loan Read More »
By Carl Faulds When you’re looking for a business loan, you naturally want to get the best deal possible. But with some lenders quoting APR and others a straightforward interest rate, it can sometimes feel like you’re comparing apples to oranges. In this in-depth article, we’ll look at what the headline figures really mean—giving you the
By Carl Faulds When you’re seeking financing, particularly financing to power growth, it’s all too easy to overlook one important question: Can your small business actually afford the borrowing? Here are steps to take to determine whether your small business can afford a loan. Calculating your debt service coverage ratio To understand what you can
Can Your Company Actually Afford a Small Business Loan? Read More »
