Category: Business Loans

The Personal Guarantee Loan: What it Means for Your Business

When starting a small business, you may be required to provide what is called a personal guarantee for any business loans you take out. A personal guarantee exposes your personal assets to legal action and collection by lenders if you should default on your loan. However, personal guarantee loans also help small businesses get their start and provide money for unexpected expenses.

Since small business owners are the types of borrowers who most often have to sign a personal guarantee, we will talk about the various types of personal guarantees and what they mean for you and your business.

Small Business Grants for Veterans: How to Secure Funding

One of the rewards following a successful tour of service in the U.S. armed forces is the support that the U.S. government grants veterans. The U.S. armed forces have extensive programs to assist veterans in transitioning from military to civilian life.

If you are a veteran, a service member in transition, or the spouse of a service member, we hope you’ll find the information below useful in devising plans for a veteran-led small business. There are a great number of organizations that award grants for veterans to start a business. Join us as we dive into the subject of small business grants for veterans.

What is Rate Factor on Interest?

If you’re seeking funding options for your business, you’ve no doubt come across a few terms, such as rate factor or payment factor. And you’re not alone if you’re asking “what is payment factor” or “what is a factor rate?”Many people may not be familiar with these terms, especially if they haven’t sought business funding before.

To help clear things up, we’ve written this post to explain what these terms actually mean.

What are the Different Options for Funding a Business?

It takes money to make money, and this couldn’t be more true than in business. Whether you’re building a company from scratch or you’ve been running it for years, having adequate capital is crucial. No matter how well your company performs, at some point, you’ll need to consider outside funding.

Before you start exploring your options, you need to do some research. Here are some of the essential things you need to know when it comes to small business funding.

Debt vs Equity Financing: What’s Best for Your Business? 

As an entrepreneur looking to start up a new venture, one of the most pressing questions is how you’re going to finance the business. Usually, you’ll be choosing between debt and equity financing.

Understanding the difference between debt financing vs equity financing is key to your endeavor’s success. The basic debt fundraising definition generally refers to taking out a loan that has preset interest and timed payment intervals. Equity financing simply means giving out ownership of your company in exchange for cash flow. 

Choosing debt vs equity financing can be an ordeal in itself. There are several factors that you need to consider. Before solidifying your choice between the many debt equity financing options, you need to analyze your business’s current stage, expendable income, capital structure, and the economy as a whole. 

In this article, we’ll delve into the pros and cons of equity financing and help you determine which is right for your new venture.

Small Business Installment Loans: Growing Your Business One Installment at A Time 

If you are running a small business, then various kinds of merchant funding are going to be important. You will need to pay for daily operational expenses, supplies inventory and even invest for future growth. In times of financial need, small business installment loans can provide a helpful solution to taking care of these many areas of business.

Everything You Need to Know About Long Term and Short Term Financing 

As you run your business, you may find that you have hiccups in cash flow and gaps in paying bills of various kinds. If you plan on running a business, it’s vital to understand the differences between short term financing vs long term financing.

In this post we’ll talk about short term loans and long term loans,the differences between them, and how they can help you. Learn more about the difference between short term and long term loans below.