5 Unsecured Business Credit Cards for Startups
What is an unsecured business credit card? An unsecured credit card does not require a personal guarantee from the business owner. Small business owners prefer an unsecured credit card.
Entries by Amit
SBA Requirements for Veteran-Owned Business Loan
Does the VA provide business loans to veterans? No, the VA does not offer a business loan. The SBA provides loans to veteran-owned businesses.
Does SBA 504 and SBA 7a require a down payment?
Yes, SBA loans require a down payment of at least 10% up to 30% depending on the strength of cash flow and the value of the collateral.
Advantages of Buying an Existing Business
Starting a new business is challenging. Buying an existing business has its advantages, including knowing what is already there and improving on it: trained employees, existing customers, and operating expenses.
SBA CAPLines
SBA CAPLines are SBA lines of credit that help a small business improve short-term cash flow. The SBA CAPLines have four types of credit: 1) Seasonal CAPLine, 2) Contract CAPLine, 3) Builders CAPLine, and 4) Working CAPLine.
Can a non-profit get a loan? Who Offers Nonprofit Business Loans?
If a nonprofit organization requires capital for its operations, a nonprofit loan is a great option. Generally, a non-profit may secure a line of credit from a bank. A line of credit requires that the company has revenues.
5 Steps on How to Build Business Credit with Bad Personal Credit
It is challenging but not impossible to build business credit if an entrepreneur has bad personal credit. A good credit score can set a business up for success. Even if a business owner has a poor personal credit score, he or she should still try to build up their company’s credit score.
3 Advantages of Balance Sheet
The benefits of a balance sheet assist business owners in having an overview of their income, assets, and liabilities. A balance sheet is necessary for lenders to determine how much money to loan a company.
What is business factoring? What is invoice factoring? Advantages and Disadvantages
Business factoring or invoice factoring is a method for a business to increase cash flow by selling their account receivables at a discount for immediate money.
How to Select an Entity Type For A Business
There are many factors when selecting an entity type for a business. Entrepreneurs should consider control, investors or shareholders, taxation, growth, and future needs.