What is a commercial bridging loan?
A commercial bridging loan is a short-term loan that “bridges the gap” between a company’s immediate and long-term financing needs. In a bridging loan, the borrower’s commercial is used as collateral to secure the loan.
Pros and Cons of Offering Employee Loans
The advantage of offering employees loans shows the employees that the company cares about them; the employee loan program encourages employee loyalty and retention. The disadvantage of an employee loan program includes the higher business expense for administrative costs and the risk of unpaid loans.
Private Investor Advantages and Disadvantages
A private investor is a person or company that invests in a business venture in exchange for a percentage of the company’s profits.
What is loyalty program benefits and its importance?
A loyalty program benefits are where retail businesses offer customers discounts, special incentives, and rewards for purposes of retaining customers and repeat business. For example, get one free at Starbucks for every seven cups of coffee.
Learn About SBA Loan Process
The typical SBA loan funding process takes approximately 8 to 12 weeks. The loan process starts with an SBA loan application and gathering the company's financial documents, which include a profit and loss statement and balance sheet.
Business Loan Requirements: What do you need to get a business loan?
Lenders have different requirement for giving business loans. However, nearly all lenders of business loans have six required documents for a business that will be discussed in this article.
Pros and Cons of Bridge Loans Explained
Bridge loans are short-term loans with high-interest rates until a company secures permanent financing.
Wholesale Marketing Strategy
Businesses that sell products wholesale generally target retail business owners. Wholesale marketing also targets consumers for brand awareness which causes the consumer to ask the retailers for the brand.
Business Books for Women
In recent years, female small business owners have reached phenomenal levels of success in all areas of their lives. They have also shown that they are able and willing to break glass ceilings in many industries traditionally dominated by men.
Prepaid Business Credit Cards Pros and Cons
A prepaid business credit card allows businesses to set spending limits and monitor expenses without the risk of accumulating debt. However, prepaid credit cards often come with higher fees and more difficult for building credit.v