While most lenders use the personal credit score of a small business owner to assess the risk of lending a small business loan, alternative business funding methods use other factors like the business’s annual revenue and time in business to predict how likely the borrower will be able to pay the loan off.
Don’t miss out on a successful holiday season because of a lack of working capital. Business loans for the 2021 holiday season may be hard to come by, but a merchant cash advance is easy to access, with an 84% approval rate in 2020.
In this guide, we will outline how to get manufacturing business loans and lines of credit. Keep reading to learn about small business loans and other key financial information.
A merchant cash advance can be a powerful path to business financing. However, a merchant cash advance, sometimes referred to as an MCA, is different than a traditional bank loan.
Restaurants employ over 15 million people in the United States, with projected annual sales topping $863 billion. Outshine your competition and feed your restaurant’s growth with up to $1,000,000 in funding from iCapital Funding in just 24 hours.