Everything You Need to Know About Collateral Loans

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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

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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

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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

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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)

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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?

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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 […]

How to Get a Loan to Start or Grow Your Beauty Salon Business in 2023

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Share this Blog The beauty salon industry took a significant step back due to the COVID-19 pandemic, but with the industry in recovery, now could be a great time to find a loan to start or grow a beauty salon of your own. According to Statista, the hair, skin, and nail salon industry has been […]

The Best Loans for Restaurants in 2023

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Share this Blog Restaurants will face many of the same challenges next that they faced in 2022, and dealing with those challenges will affect each company’s choices for the best loans for restaurants in 2023. Foodservice Equipment & Supplies magazine reports that 58% of surveyed restaurants expect an increase in operational budgets in 2023 due […]

Restaurant Financing: Can a Merchant Cash Advance Help Your Business?

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Share this Blog Merchant cash advances can be particularly helpful to restaurant owners since the restaurant business is so largely dependent on credit card and debit card-based transactions. And if you’re a restaurant owner, you know that cash flow is always a challenge. There are so many expenses to pay—rent, food costs, labor—and sometimes it […]

How To Avoid Common Restaurant Financing Mistakes

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Share this Blog Avoiding common restaurant financing mistakes comes down to an objective understanding of where your particular eatery stands, what it needs, and what lenders are willing to give you. The restaurant business is risky, after all. A recent CNBC report stated that about 60% of all restaurants fail within their first year, while […]