A Line of Credit... Just in Case
The SBA/Federal Government has released a second round of the Paycheck Protection Program (PPP loan Round 2) as of Monday, January 11, 2021 for new loans for businesses and nonprofits. For the first week, community lenders (CDFI) and local banks that service underserved small businesses or nonprofits will be prioritized to make up for the […]
The Small Business Administration (SBA) is a governmental agency that was created in 1953. They award grants, provide investment capital, disaster assistance, security bonds, and loans to small businesses. Through these efforts, they help achieve the goal of maintaining a strong economy while aiding the success of small businesses in the U.S. The process of getting […]
A small business owner’s job is hard enough but as your cash flow and working capital grow, getting business financing will become a bigger part of your job. Getting a business loan or business line of credit and knowing how interest rates are calculated is important. What is also important is to know what business […]
Throughout your life as a business owner, you will probably need to get a small business loan to address some issue or to get additional working capital through a business line of credit. Understanding how business owners get approved for a small business loan or a line of credit is an important first step. However, […]
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 then surprised when they apply for a business loan, business […]
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. […]
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