An alternative business loan provides you the temporary cash flow you need for your business, it is not recommended to carry an alternative business loan long term because of a slight higher interest rate compared to a conforming business loan. You are probably seeking a short term alternative business loan for renovation, new inventory, working […]
Business Loan
Some FAQs and Answers about Alternative Business Loans
Q. What types of loan programs are considered as alternative business lending? A. The most common type of alternative business lending is a micro business loan, some finance amounts are less than $100,000 or up to $450,000, with amortization schedules up to 24 months. Q. Is alternative business lending for bad credit applicants? A. Most […]
3 Alternative Business Loans Basics
You have been turned down by your local bank, what are you going to do? First off, get a copy of your three merge credit report, you can order one without a credit inquiry penalty at Experian or MyFico. Before you contact any one, consider the three simple alternative business loans basics: 1. Check Your […]
Alternative Business Financing for Your Business
Micro Loans Micro loans are fast and easy; it’s a simple way to get quick cash for your business, loan amounts range from $20,000- $450,000. Micro loans are: Merchant Cash Advance Cash Flow Loan Inventory Loans Small Business Expansion Loan Micro Loans are ideal for quick short term cash for your business without hurting […]
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 […]
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, […]