Can Cryptocurrency Be Used as Collateral for Business Loans?
Share this Blog In short: yes, cryptocurrency can be used as collateral for a business loan. Unfortunately, it’s not entirely that simple. The acceptance and availability of such collateral varies among financial institutions and lending platforms. Using crypto assets as collateral offers certain advantages, such as ease of transfer and lack of geographical limitations, but […]
10 Small Business Trends for 2023
Share this Blog Business trends are sustained commercial activities that can forecast major revenue opportunities for small businesses. It is important to distinguish trends (long-term commercial potential) from fads (short-term). Because of their nature, fads can fade very quickly without warning, leaving businesses with unwanted inventory or infrastructure. Get Funded Now Applying is free and […]
Factor Rate vs. Interest Rate: Understanding Small Business Loan Rates and Fees
Share this Blog On This Page: What are Factor Rates? Interest Rates Factor Rates vs. Interest Rates: Which is Right? Get Funded Now Applying is free and will not affect your credit score Factor rate and interest rate are both methods for calculating the cost of financing, but they are calculated differently and have distinct […]
Everything You Need to Know About Collateral Loans
Share this Blog Collateral loans are a type of loan that requires the borrower to pledge an asset as security for the loan. This type of loan can be a useful option for small businesses that do not have a strong credit history or that need to secure a larger loan. On This Page: What […]
The Checklist for Applying Online for Small Business Loans
Share this Blog Properly applying online for small business loans can help ensure you receive the right loan at an appropriate cost. Online applications can also be very different from traditional loan applications at brick and mortar institutions. In order to simplify the process of seeking out online business lenders, small business owners should make […]
The Best Business Loans for Veterans
Share this Blog There are specialized business loan programs for veterans that are offered exclusively to active and former members of the U.S. military that offer significant benefits. Getting the best possible business loan for military veterans is a key part of making sure that those who served in one of the five military branches […]
The Employee Retention Tax Credit: What it is, and How to Take Advantage
Share this Blog The Employee Retention Tax Credit, or ERC, is a refundable tax credit for employers who retain their employees during the COVID-19 pandemic shutdown. The credit was designed as an incentive to small businesses to keep their full-time employees on the payroll. To claim the credit, business owners must have experienced either a […]
How To Improve Your Business Credit Score (and Why You Need To)
Share this Blog Your business credit score is used by lenders and other financial institutions to assess the creditworthiness and financial stability of your business, so improving your business credit score is one of the best things you can do for your company’s long-term health. A strong business credit score can make it easier for […]
Business Loans vs. Personal Loans: What Is The Difference?
Share this Blog Individuals and businesses can both find themselves in need of extra cash, but what is the difference between a business loan and a personal loan? While there are often plenty of differences in the loans themselves, the primary difference is the entity responsible for repaying the debt: businesses repay business loans, and […]
The Guide to Business Debt Consolidation with Bad Credit
Share this Blog Seeking out business debt consolidation loans when you’ve got bad credit can be a helpful way to simplify your debt payments and potentially free up cash flow. Is your small business struggling with too much debt? Are you finding it difficult to make ends meet each month? If so, you may want […]
