Are you a small business owner that needs additional funds to finance the operations? If so, business line of credit may be the best option to meet your financial needs. The financing option helps small business owners in meeting their short term financing needs. This may include purchasing additional inventory, supplies, paying salaries, Read more »
Merchant cash advance is a great alternative source of funding for small businesses. The financing option allows you to obtain funds with a low credit score. Moreover, unlike a traditional financial fund, there is no need for collateral to become eligible for the fund. Merchant cash advance is different from traditional loans in that the Read more »
The need for credit is high especially for new business owners. Funds are required to purchase inventory, pay salaries, and fulfill other monthly obligations. Fulfilling these obligations through existing funds is not that easy especially in the case of irregular cash flow and slow paying customers. You need to select the right small business financing Read more »
Obtaining funds through conventional financial institutions is certainly not easy. In a survey conducted in 2014, about 63% of business owners stated that they applied for the loans through banks. However, the success rate of obtaining the loan was just 27%. When it comes to obtaining loans to fund new or existing businesses with a Read more »
If you are a small restaurant owner, you may have to spend a lot of money in purchase and repair of commercial equipment. The problem here is that not many financial institutions, including banks and private lenders, easily give loans to small business owners. Even if you are able to obtain the loan, the fees Read more »
Getting a business loan with a bad credit rating seems impossible for many business owners. Most financial firms feel reluctant to give loans to such individuals, as lenders fear that they won’t be able to repay the loan on time. However, you should not have to suffer just because of some financial mistakes in the Read more »