Business Loans Articles & Tips

Round 3 of PPP: Here's What You Need to Know

Missed out on getting Covid-19 relief for your small business under the federal government’s Paycheck Protection Program?

Different Types of Business Loans: Which Option is Right for Your Business?

Sep. 23, 2024

8 min read

Different Types of Business Loans: Which Option is Right for Your Business?

Understanding the different types of business loans is essential for entrepreneurs and small business owners looking to secure the right financing for their needs.

Line of Credit vs. Loan: What's Better for Your Business?

Sep. 23, 2024

Line of Credit vs. Loan: What's Better for Your Business?

A line of credit and a loan are two common business financing tools that offer different ways to access capital. A loan provides a lump sum with fixed payments, while a line of credit offers flexible, on-demand funding. Understanding their differences is crucial for selecting the right option based on a business’s specific financial needs.

Struggling to Keep Your Business Alive? A Loan Can Help

Struggling to Keep Your Business Alive? A Loan Can Help

Take a look at what goes into applying for a loan, and decide if this is the right move for your company.

How to Choose the Best Loan to Grow Your Business

How to Choose the Best Loan to Grow Your Business

If you've been running your business for a while and it's doing well, you may be thinking about expanding. However, it’s likely that the only way to take it to the next level is to get your hands on more capital. Getting a small-business loan from a bank can be challenging, especially if you're just starting out or don't have a lot of collateral.

Looking for a Business Loan for Your Startup? Check These 3 Lenders Out

2 min read

Looking for a Business Loan for Your Startup? Check These 3 Lenders Out

When you kick off a new startup idea, you need capital, which may come from a business startup loan, a specific type of business loan. Before you find funding, you need to know what your costs will be. Consider your initial costs such as office premises, plant and production equipment, legal fees, and office furniture.

Government Backed Loans Can Be a Lifeline for Your Business

Government Backed Loans Can Be a Lifeline for Your Business

Along with the imminent health concerns, tens of millions of Americans are also worried about their small businesses. The longer this situation–and federal and state stay-at-home orders–continues, the more SMB owners will struggle to stay afloat.

How to Survive Small Business Debt

Most of the 29 million small businesses in the United States wouldn’t exist without borrowed money. Businesses loans, lines of credit, and credit cards all provide capital to spend on new equipment and employees and finance growth.

Compare Small Business Loans for Restaurants

Compare Small Business Loans for Restaurants

Opening up your own restaurant can seem overwhelming when you crunch the numbers. The financial burden of launching a new restaurant can end in failure, but it doesn't have to end like that.

5 Reasons to Take a Small Business Loan

Most small business owners worry about taking out loans. After all, we go into business to follow our dreams and make money, not to accumulate debt. True as this may be, borrowing is a necessity for most of the 29 million small businesses in the United States.

What Are Common Small Business Loan Terms?

What Are Common Small Business Loan Terms?

Even the most successful small businesses can use a cash infusion from time to time. Small businesses may need money to make it through a slow season, capital to expand or buy new equipment, or access to revolving credit for everyday expenses.

Business Loan Options for Women-Owned Businesses

Business Loan Options for Women-Owned Businesses

40% of American businesses are owned by women and that number keeps rising. Still, any woman entrepreneur knows the imbalances of the world of business. Here are some great strategies, built for women, to get the needed funding to grow a business.

You’re 6 Steps Away From Qualifying for a Business Loan

You’re 6 Steps Away From Qualifying for a Business Loan

Whether you’re just starting a brand-new business, ready to take your current business to the next level, or hoping to weather the current economic storm, the right loan can make all the difference. Before you apply, be sure to follow these 6 simple steps to make sure you’re putting your best foot forward.

Personal Loan vs Business Loan - Which is Right for Your Business?

Personal Loan vs Business Loan - Which is Right for Your Business?

Starting a business isn’t cheap. Startup costs can easily run to tens of thousands of dollars, and you’ll need more money to grow as your business takes off.

How to Get a Business Loan with Bad Credit