A Line of Credit... Just in Case
One of the top rules of running a small business is to always know how much business funding you will need. However, business owners run into problems when they are low on working capital and haven’t set up any financing options. Many business owners are surprised when they apply for a business loan, business line […]
If it sounds too good to be true, it probably is. That quote is especially true when it comes to lenders offering no doc business lines of credit. I have 25 years of experience as a small business owner building 6 companies and I’ve acquired first-hand experience dealing with banks, factors, brokers, and alternative lenders. […]
To start a small business, you begin with your ambition and vision but in order to keep being successful, many want a business credit line with no personal guarantees. A business credit line is also called a line of credit. All commercial banks require a personal guarantee (PG) but there are private financing companies that […]
Many of our clients are dentists who have used dental practice loans to start, manage, and grow their dental practices. Dental schools are great with teaching you the medical side of running your practice. However, rarely do dental schools teach about the business side relating to good cash flow, working capital, and business plans. Bank […]
Setting up a business line of credit is often not on top of a business owner’s mind. That is until you need an instant business line of credit for working capital. So, let’s not waste any time and get you the information you need about setting up a small business credit line. How to get […]
It’s nice to know that your business or nonprofit is an essential business according to the government during the corona virus outbreak. It would be even nicer if a business or nonprofit could get a fast, essential business loan! Luckily, since the recessions after 9/11 and 2008, businesses and nonprofits can get a business loan or line of credit quickly. You now have more options than in the past. […]
When it comes to getting a fast bank credit line, the answers don’t always come easy nor fast. A lot of answers you are looking for are hidden behind a locked wall. In this post, we will give you another option other than working with a commercial bank. A fast bank credit line is one […]
As an entrepreneur, you must learn many things quickly, such as how to get a business line of credit for your business. An inability to succeed in this endeavor could easily mean the end of your business. In school, they teach you numerous business terms and concepts. Other helpful concepts may have come from a […]
An emergency business line of credit is exactly what it sounds like. It is revolving credit intended for business-related emergencies. A line of credit has no debt maturity date or repayment plan, rather the borrower is free to use as much or as little of the credit line as they choose. They make monthly payments that include interest only on the amount used from the credit line, not the lump sum. This is much different from a business loan where the business owner would make month payments on the entire amount borrowed, likely at higher interest rates.
Nonprofit Finance Funds and other funding sources can help nonprofits with a myriad of nonprofit financing options. Whether you are looking to grow your nonprofit organization, or even out cash flow, there are many financing options available. By combining your fundraising efforts to raise money with the tools of a nonprofit line of credit, a […]
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