Written by:Mike Berner,Senior Analyst Mike Berner is a finance expert who spent more than half a decade serving as an economic analyst for the U.S. Army Corps of Engineers. He is experienced in conducting quantitative analysis and research to guide clients and companies through changes in the...
Existing business assets can serve as collateral for a loan. This type of lending is useful if you don’t have robust financials but do have assets like real estate, accounts receivable, or inventory. The loan amount is often a percentage of the appraised value of the assets. For example...
BusinessLoans.com may be a new lending marketplace, but it has already garnered praise for its attention to customer service, as it works with borrowers throughout the matching and application process. You can get matched with a loan by the algorithm and never have to talk to anybody, but...
For many entrepreneurs, a small business loan is the best way to finance a new business or grow an existing organization. However,obtaining a business loan can be difficultfor startups and small companies because the risk to financial institutions is greater than lending to larger businesses. If...
While some companies require one to two years in business to approve equipment financing, there are lenders who work with startups. 8. Create your menu and set your pricing Setting competitive pricing is essential for the success of any catering business. The food you plan to serve will ...
Alternative lending from online companies can help borrowers who otherwise may not have access to small-business financing, such as startups or businesses with shaky financial histories. Online lenders may offer SBA loan programs. You can also find peer-to-peer lenders online that will connect ...
A startup business loan is any type of loan that helps businesses with little to no business history. It's one of many financing options for founders who are looking to either get started or improve their ...
Free Access to Lending Specialist Fundera is a marketplace for small business financial solutions helping business owners make better financial decisions, providing access to 30+ reputable lenders in one place. Time in business: 12+ months $15k in monthly revenue Minimum credit score: 600 Get a...
Many new businesses don't meet the eligibility criteria set by traditional financial institutions, including minimum time in business, annual revenue and credit score requirements. That makes it more difficult for startups to qualify for lending products like small-business loans. ...
Lending outlook for big US banks subdued after soft Q4 2023. Accessed Jan 2, 2025. View all sources. It operates in 48 U.S. states, but doesn’t offer business loans in Hawaii and Alaska. May be a fit for: Chase business loans are a good option for business owners who want access ...