Tucker Mathis — May 13, 2019 Follow @https://twitter.com/finsync — May 13, 2019 Getting rejected for a small business loan is practically a rite of passage for entrepreneurs. Rejection rates can be as high as 73 percent with traditional banks. The odds improve a bit with alternative lenders, who generally approve around 57 percent of small … Continue reading 5 Common Reasons Small Business Loan Applications are Denied (and How to Avoid Them)
Meredith Wood — May 3, 2019 Follow @fundera — May 3, 2019 Loans backed by the Small Business Administration are well-known for being some of the best deals in small business lending. They’re also notorious for having stringent qualifications and an extended application process. An SBA loan is not something you apply for on a … Continue reading 7 Reasons Why It’s Worth Applying for an SBA Loan
Meredith Wood — December 3, 2018 Follow @fundera — December 3, 2018 As painful as it may be to think about it, you may encounter a situation in the life cycle of your business that you’ll need to come up with money… money that you, unfortunately, don’t have. It happens to many business owners for … Continue reading Need a Loan Fast? Here Are the Best Quick Financing Options
Peter Daisyme — January 19, 2018 — January 19, 2018 QuinceMedia / Pixabay If you’re planning to start a business, or if you’ve started one but have fallen on hard times, you might consider getting a business loan. If your business has a few years of successful financial exchanges under its belt, or if you … Continue reading When Is the Right Time to Get a Business Loan?
Meredith Wood — January 7, 2018 Follow @fundera — January 7, 2018 nattanan23 / Pixabay People who have access to funds to start a business are three times more likely to say they’re planning to start a business, according to a Gallup poll. This isn’t too surprising. Everyone knows that it takes money to make … Continue reading 5 Best Loan Options to Support Business Expansion This Year
Meredith Wood — May 9, 2017 Follow @fundera— May 9, 2017 You’ve done hours of online research, compared dozens of options, and finally, you’ve found it—the perfect loan for your small business. But then, as you finally go to apply, there is a problem. As it turns out, your perfect lender isn’t licensed to fund … Continue reading Where is Your Business Located? The Answer Could Affect Your Loan Options
Carl Faulds — November 9, 2016 Follow @Cashsolv— November 9, 2016 When a business needs access to capital, it faces a fundamental choice: taking out a business loan or a merchant cash advance. Both can provide the money needed to hire new talent, fund a major marketing campaign, take the company international or simply overcome … Continue reading Should You Take Out a Business Loan or a Merchant Cash Advance?
by Michael Jones Follow @onbondstreetOctober 1, 2016 Working capital is a vital resource for small business owners and if you’re running low on cash, being able to borrow money quickly is a must. When you need to beef up your business’s inventory, a term loan may be the best solution. A term loan is similar … Continue reading How to Finance Inventory Purchases With a Term Loan
by Carl Faulds Follow @CashsolvSeptember 6, 2016 Getting a business loan isn’t easy, with banks having significantly tightened their criteria since 2008. Of course, your business could be in the lower-risk category, so you’ll strike lucky, or you might secure finance from an alternative lender applying different criteria. But having obtained the business loan you … Continue reading How Not to Spend Your Business Loan
by David Kiger July 21, 2016 Follow @davidkigerJuly 21, 2016 For minorities looking to become small business owners — or for established ones looking to expand — there can be obstacles involved in taking that next step. In 2015, Inc.com shared an Associated Press report on loan rejections by minority candidates: A survey showed that … Continue reading How Minority Entrepreneurs Can Tackle Business Loan Challenges