Secured vs. Unsecured Business Loans

Secured vs. Unsecured Business Loans

If you are looking for funding for your business, you might have come across the terms secured and unsecured business loans. Understanding the differences between the two is an important step to having good financial health. Both have their advantages and disadvantages so it is important to know what they are so you can determine which one is right for your business. In this article we are going to break down what they both are and discuss the differences as well.

Small Business Financing with Bad Credit

Small Business Financing with Bad Credit

When doing research for getting a business loan, you may come across statements that say you need to have good credit to get the best rates possible with low monthly payments. However, what do you do if you do not have good credit? Having bad credit can occur because maybe you do not have enough credit history and do not use credit cards regularly or you could have a high debt to credit ratio.  Whatever the reason is why you have bad credit, there are still some financing options available to you.

Dealing with Unpaid Invoices and Preserve Cash Flow

Dealing with Unpaid Invoices and Preserve Cash Flow

Regardless of the size of your business, having unpaid invoices can be frustrating. Unpaid invoices can pose a problem for the cash flow of your business and make it difficult to meet your business needs or take advantages of new opportunities.

Construction Line of Credit for Your Construction Business

Construction Line of Credit for Your Construction Business

Different industries face different challenges in their time of business. Operating a construction business for example face their own unique set of challenges such as heavy regulations, high insurance rates, and licensing and permit requirements. Price increases in raw materials, tariffs, fuel and labor prices add to the challenge’s construction businesses face. Due to these challenges, many construction business owners experience cash flow issues that prevent them from paying invoices, purchasing equipment, and even paying their employees. Issues with cash flow can ultimately result in the construction business to fail.

How Do Interest Rates Affect Businesses?

How Do Interest Rates Affect Businesses?

The economy plays a huge role in how your business functions. The economic environment influences interest rates and can help you either expand or pull your business back. Interest rates typically rise when the economy is strong and are lowered when the economy is sluggish. When rates are lower, consumer and business spending can boost prices of assets. If you are a business owner, it is crucial to understand the ways that interest rates affect and influence how your company operates.

How to Get Certified as a Veteran-Owned Small Business

How to Get Certified as a Veteran-Owned Small Business

If you are a veteran and own a small business, you may have looked into owning a veteran-owned business certification. Having a certified veteran-owned business can help you achieve more business from corporations and government agencies. However, you may have found the process to getting started confusing as there are not as many resources available to help you get your certification. Registering as a minority-owned or woman-owned business for example, is a lot easier because resources are more accessible for them.

Financing Tips for Female Small Business Owners

Financing Tips for Female Small Business Owners

About 40% of new entrepreneurs in the United States are now women making it one of the fastest-growing segments of entrepreneurs. Women owned businesses have been growing at double the rate than those of male owned businesses. However, it can be difficult for women to get financing for their small business. Compared to men, women are less likely to be approved or receive the full amount of the loan according to a report by the Federal Reserve. In order to improve the chances of being approved, doing your research is extremely important. Fortunately, there are small business loans designed specifically for women.

A Beginner’s Guide to APR

A Beginner’s Guide to APR

You have probably come across the acronym APR sometime in your life. If you have taken out a mortgage, student loan, or have applied for credit cards, you have heard of an APR rate. When it comes to business loans, APRs also play an important role. If you have a full understanding of what APR is and you know how to calculate it, you can save a lot of money this way.

Commercial Real Estate Financing Basics

Commercial Real Estate Financing Basics

You will need to secure funds through commercial real estate financing whether you are looking to fund the acquisition, development, or construction of commercial property. Examples of commercial property include office buildings, retail centers, apartment complexes and industrial warehouses.  As a business owner, your goal is to grow your business and by purchasing real estate or renovating property you own is a great way to do that. The Small Business Administration (SBA) has several commercial real estate programs for you to consider.

Invoice Financing for Your Small Business

Invoice Financing for Your Small Business

Invoice financing allows small business owners to fix cash flow issues by getting advances on unpaid invoices. This type of financing helps businesses improve cash flow, pay employees and hire new ones, and reinvest in operations in growth right away instead of waiting until customers pay their invoices in full.