Tag Archives for Small Business Loans

A small business loan is initiated when a borrower—typically one business owner or group of co-owners—borrows a sum of money from a lender based on a set, pre-specified agreement to repay that sum plus interest over a period of time.

Best Business Loans for Bad Credit in 2019

Obtaining small business loans with bad credit can be a stressful task. Not to mention most traditional lenders, like banks, use your credit score to determine your creditworthiness. In general, with poor credit, it makes it that much more difficult to finance your business plans. According to a survey conducted by NSBA, or National Small Business Association in 2015, 27% of small businesses claimed difficulty in getting enough funding. Fortunately, these banks and financial institutions are not your only options Read More


How to Get Small Business Loans with Bad Credit

Small Business Loans Bad Credit

Bad credit is the biggest financing hurdle for small businesses. It is one of the most common grounds for traditional banks rejecting small business loan applications. But all hope is not lost for those seeking small business loans with bad credit. In this article, we’ll tell you about the options you have to get the funding you need despite the bad credit. Financial lenders consider bad credit loans a credit risk. Credit score is a measure of your creditworthiness. To Read More


You Can Get Small Business Loans with Bad Credit

Small Business Loans Bad Credit

If you have a bad credit score, trying to get small business loans could be a bit difficult. As such, banks do not cater SBA loans to startup companies. They require a couple years in business or, when do they lend to startups, they generally expect the business owners to have experience in the industry. As a startup or small business, it can be hard to raise capital. However, having a low score does not stop you from getting your Read More


What Can Business Loans Be Used For?

Business loans

Business loans. You can’t get them off your mind. You’d like to apply for one, but you’re not sure if you can. What if you can’t use a business loan for what you’re wanting to do? Could your business even use a loan right now? If you want to know what a business loan can be used for, you’re in luck. Below we’re going to over what small business and business loans can be used for. Are You Thinking About Read More


Business Loans With Previous Bankruptcy

Business Loans with Previous Bankruptcy

How to Get the Financing You Need Are you trying to get business loans with a previous bankruptcy on your history? Sometimes it just makes sense to file for bankruptcy, especially in certain economic times, and it is not always a sign of failure. A personal bankruptcy, however, can continue to show up on your credit report for up to ten years. While it does make it harder to secure a loan afterward, in some situations it is still possible to get Read More


Lessons Learnt From the Mistakes of Larger Companies (i.e. Sony)

When starting your small company, the biggest fear is the fear of failure due to some unforeseen mistake. Making mistakes is part of business but one should endeavor to avoid making any fatal mistake. Small businesses usually make the most mistakes in business due to inexperience but it does not mean that large companies are immune to making mistakes as we have often witnessed with several mega companies. There are many lessons that one can learn from the mistakes of Read More


Fuel Saving Tips For Big Rigs

As an owner operator one of largest expenses you have is fuel and maintenance on your truck. Luckily gas prices are down right now, but let’s not forget where prices were almost double todays price. Those days will be back, and you’ll want to make sure you are already taking the right step forward on saving fuel. Don’t worry, there’s technology to help you with these tasks to make this easier on you! Aerodynamics These trucks are built & tested Read More


Who Are The Top Five Business Banks

Business Bank

Best business banks to consider when opening a bank account for your company. Running a business today, you have to work with one or several banks. Paying your employees and handling expenses are some of the basic reasons why you need a professional business bank as an owner of a business. If you have high dreams of growing your business, then it is most likely that at one time you will also need a loan to finance necessary growth in Read More


Small Business Loans

Small Business Loans

Is your business contributing to America’s growth? Al Gore once said that small business is the engine that drives the economic growth of America. Defined by the Small Business Administration (SBA) as any business with less than 500 employees, small businesses still make up a large majority of the economy. Most big companies started small, often in someone’s garage or apartment. Steve Jobs, Michael Dell, Bill Gates and Sam Walton are just some of the entrepreneurs who came from humble Read More


Business Loans

Business financing

Can your bank move fast on your business loan? Assuming that you’re now committed to starting your own business, it’s time to make important decisions to reach your goal. The most important issue that you have to resolve at the outset is where the money will come from. There are two basic methods with which to finance your start-up, that is: 1. Bootstrapping or the internal generation of funds- You tap into your own resources like personal savings and assets plus Read More