Crestmont Capital Blog

Annual Percentage Rates (APR’s) are best suited as a financial tool to be used when shopping for a loan or mortgage. An APR reflects fees, costs, and interest rates. Keep reading to learn how the annual percentage rate measures the true cost of a loan.

No matter at what level you are in your business, every business needs working capital. Working capital takes care of all your company’s operations. Before you begin the application process, you need to know first how much working capital you need.

If you are looking to start your beauty or nail salon business, one of the most important things you need is equipment. The beauty industry cannot function without equipment. Investing in equipment can be costly, but necessary even if your budget is small. Fortunately, this is where salon equipment financing comes in because it can help you get the equipment you need.

In the business world, one rule that everyone knows is to keep business and personal finances separate. The reasoning behind this is that there are benefits of building business credit. Also, business owners can have consequences for relying on personal assets.

When a business owner is new and starting out, it is almost impossible to get approved for a loan without documentation first. Banks want to see that you are producing revenue in your business so that you can guarantee the return of their funds.

If you are in the real estate business, you should know what a commercial bridge loan is. Real estate requires sufficient funds, and sometimes they are needed in a short notice. Startup businesses typically do not have the qualifications that are required by lenders to get the funds. However, a commercial bridge loan can help with your financing needs.

Securing funding for your business may be difficult if you are not already established in business. It takes time and a lot of activity to build creditworthiness. However, you can look into exploring vendors who extend net 30 accounts or unsecured business lines of credit.

Operating cash flow is the cash that a business generates from its operational activities. It shows if the operations of your company are enough to help sustain and grow your business, otherwise you need to have other investment or financing measures. Read on to find out how you can find out if your company has enough to sustain itself.

In most conventional type of loans, borrowers need to make regular payments of principal and interested on a fixed schedule. With a payment in kind loan (PIK), borrowers pay interest on PIK loan in forms other than cash.

You have probably heard of the popular funding programs by the Small Business Administration (SBA) named SBA 503 and SBA 7(a) loans. However, there is another great program from the administration that is the SBA 8(a) Business Development program. Read on to find out what this program is and if it is something you should consider for your business.

A line of credit is one of the most flexible forms of financing and has become even more flexible during the pandemic. The fact that you can borrow an unlimited amount as many times as you need makes it appealing to many business owners. Here are some ways businesses can use a lien of credit during these tough times in a pandemic.

Marketing automation can help grow your business by improving sales. It is important to know how to use marketing automation to make the most out of it. It is all about using software to automate marketing activities such as email marketing, social media posts, and more. Marketing automation will make tasks like these much easier.