The Source

Working Capital

Collateral Coverage Ratio: What You Should Know

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 can take your collateral and recoup their money.

How to Select the Right Minority Business Loans and Grants

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

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.

Should You Pay Off Your SBA Loan Early?

January 19, 2021

If you’ve secured an SBA loan, congratulations! You’ll reap a variety of benefits including a lengthy repayment period.

What Are The Top Pros and Cons of Payroll Business Loans?

January 19, 2021

Failing to pay employees on time and in full comes with serious consequences. As a small business owner, you could face lawsuits, legal actions, fines, a tarnished reputation, and damaged employee relationships. Therefore, it’s smart...

Are SBA Loans Secured or Unsecured?

January 15, 2021

Most likely, you understand the difference between secured and unsecured small business loans. However, you might not be sure if you'll qualify for an unsecured loan, especially if you're pursuing SBA financing.

SBA Loan Processing Time: How Long Does the Process Take?

January 10, 2021

The Small Business Administration (SBA) helps business owners obtain additional working capital. If you’re in need of a loan to start or expand your business, you may find that SBA loan options fit your funding...

Delinquent Loans: Everything You Should Know

January 6, 2021

Hopefully, you’ll never have to deal with a delinquent loan as a small business owner. That said, delinquency is an important concept to understand if you’re borrowing money, or plan to borrow money to finance...

SBA Loan Reviews: What to Look For

December 15, 2020

If you’d like to start, buy, or grow your small business, pursuing SBA loans may be a good choice. They're guaranteed by the U.S. Small Business Administration and issued by lenders like banks and credit...