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Should You Finance Your Business with Home Equity Loans?

5 minute read

March 10, 2021

If you own a home with some equity and wish to start a small business, a home equity loan can help. However, before you pursue this type of loan, you should weigh the pros and...

The Pros and Cons of Economic Injury Disaster Loans

5 minute read

March 10, 2021

Has your small business been hurt financially due to a natural disaster like a hurricane, earthquake, or the coronavirus pandemic? If so, Economic Injury Disaster Loans (EIDLs) are an option.

American Express Small Business Loan: Should You Apply?

5 minute read

March 8, 2021

You may know that American Express offers business credit cards to help you cover a variety of business expenses. What you may not know, however, is that the credit card issuer also provides small business...

What Happens When You Default on a Loan?

5 minute read

March 5, 2021

Whether you’re starting a new business or hoping to grow your existing company, having ample financing is key. Since cash flow is often unpredictable in the early stages of any business, outside funding can help...

Leasing vs. Buying Equipment: What To Consider

5 minute read

February 17, 2021

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

ACH Transactions: What Businesses Should Know

5 minute read

February 12, 2021

Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

Collateral Coverage Ratio: What You Should Know

5 minute read

February 10, 2021

Collateral is an asset you pledge in order to secure a loan from a financial institution. Types of collateral may include real estate, inventory, or equipment. If you default on your loan, your lender typically...

How to Select the Right Minority Business Loans and Grants

5 minute read

January 31, 2021

Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.

How to Apply for Bridge Financing

5 minute read

January 22, 2021

As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.