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What Financial Documents Are Required for a Business Loan?

6 minute read

October 8, 2024

Without determining the likely risk of providing financing to potential small business borrowers, lenders can't make informed decisions about which loan applications to approve. They also need the same vital information to decide on funding...

What Is Unearned Revenue? An Asset or Liability?

4 minute read

September 24, 2024

When you provide goods or services, you get paid. That's revenue. But when you get paid before you actually provide the goods or services, you're collecting unearned revenue. And there's nothing wrong with that: Many...

Six Essential Expenses When Opening a Second Business Location

4 minute read

September 19, 2024

Congratulations! Your first cupcake shop has been a huge success. (Especially the red-velvet cheesecake recipe.) Now you're ready to branch out and share your success with a new set of hungry customers. But whether you're...

How Long Does It Take to Get a Business Loan?

6 minute read

August 22, 2024

Business owners look for financing options for many different reasons, including acquiring new equipment, inventory, or property or simply to maintain a positive cash flow to cover operating expenses. But how long does it take...

Skipping the Credit Check on a Business Loan

3 minute read

July 25, 2024

It almost sounds too good to be true: a business lender approving you for a loan without checking your credit? However many so-called "fintech" lenders look at the 5 C's: credit, capital, character, capacity, and...

How to Secure Construction Equipment Financing for Your Firm

6 minute read

July 11, 2024

For small businesses in the construction industry, especially those operating without large cash reserves, securing a construction equipment loan is often a necessary part of doing business. Even relatively minor construction projects can require heavy...

Fora Financial Loans vs. Typical Bank Loan Requirements

8 minute read

June 27, 2024

All lenders take certain factors into account when considering providing small business loans, such as the annual revenue of the business, the funding amount being requested, the type of term loan being applied for, and...

How to Negotiate Better Business Loan Terms

7 minute read

June 13, 2024

If you're a small business owner looking for funding like a business loan or business line of credit, you may have questions about loan terms, how they might affect your monthly payments, and if there's...

The Lowdown on Instant-Approval Small Business Loans

5 minute read

June 11, 2024

Try as you might, some business expenses — both good and not-so-good ones — can't be anticipated. A good one? The restauranteur across the street is retiring and you can snag his high-end equipment and furnishings for...