What are Home Equity Business Loans?

What are Home Equity Business Loans?

If you are a homeowner and a small business owner, you might find money you need to grow your business in the value of your home. Owning a home allows you to build equity over time. You can use that equity to secure low-cost funds as a “second mortgage” through a home equity loan line of credit (HELOC). Read on to learn more about home equity business loans and if you should use it for your business.

What You Need to Know About Long Term Business Loans

What You Need to Know About Long Term Business Loans

There are many options available if you are seeking funding for your business. From short term loans to long term loans, there are dozens of funding options that are out there that all differ from each other. In this article, we will discuss what long term business loans are and how to obtain one.

Calculating Total Asset Turnover for Your Business

Calculating Total Asset Turnover for Your Business

There are many tools you can use to analyze the sales performance of your business. You should be aware of the total asset turnover ratio when calculating income at the end of the year because it has implications for your business. Learn how to calculate total asset turnover and what it means for your business in this article.

How Does Venture Debt Financing Work?

How Does Venture Debt Financing Work?

There are numerous of financing options out there, but you need to do your research and weigh the pros and cons of each. Typically, startups face challenges with securing small business lending, so many will turn to equity investors instead. Venture debt financing is a business loan in which a company will take on debt, rather than accepting money from an investor in exchange for equity.

How to Check Your Business Credit

How to Check Your Business Credit

A business credit score is extremely important if you are trying to secure financing. Before applying for funding, checking your business credit is crucial. Today we will discuss what a business credit score is and how to run and check your credit score.

How to Create an Invoice for Your Small Business

How to Create an Invoice for Your Small Business

If you are a small business owner, you need to know how to create an invoice. They are essential to helping your business generate income and are also convenient to pay bills as well. Whether you are new to the business world or not, knowing how to create a professional invoice will make you feel comfortable sending them to your clients. Today we will show you what your invoices need so you can improve the overall financial management of your small business.

What You Need to Know About Bridge Loans

What You Need to Know About Bridge Loans

Bridge loans are a type of short-term financing that is used to help tide over a business during a time where they lack cash. These funds are quickly provided and act on a time-sensitive opportunity or sustain the business. Depending on the lender, the borrower can secure the funds in one day. Bridge loans can be repaid in months or up to 2 years and have flexible terms. Borrowers can pay off the loan before or at maturity therefore many small businesses find this type of loan idea because they are free of prepayment penalties.

Commercial Vehicle Loans for Small Business Owners

Commercial Vehicle Loans for Small Business Owners

If your small business needs a commercial vehicle but you are lacking the cash, you can apply for a commercial vehicle loan. Certain businesses need to buy vehicles to complete work-related operations such as transporting employees, completing jobs, and more. Read on to find out everything you need to know about commercial vehicle loans as well as some pros and cons to help you decide if it is the best option for you.

Type of Debt and How They Affect Your Loan Application

Type of Debt and How They Affect Your Loan Application

One of the most important factors that lenders consider when deciding to approve you for a loan is that they want to ensure that the loan will be repaid on time. No matter what kind of debt you have, personal or business, they can both affect your application for a business loan.