In case your company is a start up or considered a “niche” industry; an “outside the box” small business loan can help your small business with working capital, expansion, consolidating business debt or buying out an existing partnership. To get your small business loan approved you will need the following: Fair Credit of 620 Credit […]
Business Line of Credit
Entrepreneurs Expanding their Business with a Business Line of Credit
All too often, entrepreneurs experience growing pains with their new business. In the early stages of a business, cash flow issues are common by delayed accounts receivable or not enough clients. Having working capital can help your company achieve financial stability and also achieve your business expansion. Can My Business be Qualified for a Business […]
Is Turning Your Accounts Receivable Into Cash Right for Your Business?
When banks turn you down for a bankable business loan, what are you going to do? Utilize accounts receivable financing, a practical approach of getting cash fast. Factoring is the process of selling outstanding receivables to a financial institution. The average amount financed against your outstanding invoices aka (invoice factoring) is approximately 60 to 85 […]
Managing Your Business Debt and Maintaining Your Business Credit like Your Workout
“Being a small business owner in this economic market is quite challenging. In fact, small businesses make up 99.7% of all employer firms; pay 44% of total US private payroll, have generated 64 percent of net new jobs over the past 15 years and 52 percent are home- based businesses.” (Source: Sba.gov) Managing Your Business […]
When You Can’t Get a Business Loan at Your Local Bank
Your credit maybe satisfactory and not impeccable, you need a business line of credit for working capital or expansion but you get declined by your local bank because of their small business underwriting guidelines. Fix or fine tune your personal credit and business credit before or after you obtained alternative business loan. Make credit restoration […]
Optimizing Your Business Growth with Asset-Based Financing
Asset-based financing is a method for fast growing, money-strapped companies to assemble their short-term cash needs. Overall, companies can pledge their tangible assets to generate cash flow through an asset-based loan. The fundamentals of an asset based line of credit for your business is using all the assets on your company’s balance sheet; receivables, machinery, […]