There are many different loan types for small businesses, making it essential to do your research before beginning any application process. The best place to start is by identifying what your specific use will be for the loan. If your objective for the money isn’t clear, it’s safe to say you have work to do before knocking on a lender’s door.
Having access to cash is very important to business owners. Having a little extra cash now and then is a flexible way to stay on top of your finances. Only take out what you need and pay back only what you used.
The Small Business Administration has extended all disaster relief application until December 31st, 2021. They are offered by lenders and backed by the U.S. Small Business Administration.
Say goodbye to credit card debt, say hello to debt consolidation. Debt consolidation rolls multiple debts, such as high-interest credit card bills, into a single payment. This is might be a good idea for you if you can get a lower interest rate.
A merchant cash advance (MCA) is used to borrow against future earnings to have faster access to capital within 24 hours. Easy to qualify for and does not require collateral or equity in your business.
Use your unpaid invoices to your advantage. If you are still waiting for your invoices to be paid, but need the money right away then invoice factoring is the best solution. Send over your outstanding invoices, or accounts receivable today.