Mike is adept at breaking down the complex financial topics that affect business owners, from business loans and accounting to payroll and credit card processing. He also tests and analyzes the latest financial software solutions and enjoys giving tips on matters ranging from tax forms to sales str...
Unsecured loans:These are loans that are typically repaid in regular instalments over an agreed period. They are not secured by any kind of business asset. Secured business loans: These loans require you to put up an asset as security, such as a property. This often means you can borrow a...
4. SBA loans The US Small Business Administration (SBA) doesn’t provide most of its loans directly. Instead, it backs them through certain lenders. You can apply for different types of SBA loans based on your business needs and how you intend to use the funds. While approval can take ...
as they are intended to support larger-scale business expenses. Additionally, business loans often come with longer repayment terms to accommodate the longer-term nature of business projects. Personal loans, on the other hand, may have lower loan amounts and shorter repayment terms. ...
Switch tonew thesaurus Noun1. business loan- a bank loan granted for the use of a business commercial loan bank loan- a loan made by a bank; to be repaid with interest on or before a fixed date Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex...
SBA guarantee fees waived on loans up to $1,000,0002 Flexibility in use of funds, such as renovations or working capital Longer repayment terms than traditional bank loans No prepayment penalties for terms under 15 years New and established businesses can apply ...
Credit checks aren’t necessary.Because these loans are judged based on previous credit card transactions and sales, it’s not common that a merchant cash lender would require a business credit report or need to know your business credit score. For this reason, these are great loans for busin...
As the name implies, cash flow loans are based on cash flow. Although there may be a soft credit check, these lenders want to confirm you have the cash flow you’ll need to service debt. Get approved within minutes from some lenders for amounts of up to $100,000. Be prepared to pay...
Term loans usually have higher borrowing limits compared to a business line of credit or credit card. How do I plan to use the funds? Some lenders restrict how you can use the loan funds or may offer special financing options based on your needs. What assets do I have to offer as colla...
Polished business plan lands loans.(FROM BEGINNERS TO BIGSHOTS)(Carol Jenkins Neil )(Occupation overview)Penland, Dolly