Tag: bank loans

Can You Qualify for Long-Term Business Financing?

Long-term financing right now is a challenge for many people, but there’s some good news out there. We’re seeing a lot of inquiries where people have taken out two or three different online loans. They’ve stacked them so to speak, but they have great receivables and…

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Are Banks Lending to Small Businesses?

Typically small businesses will turn to banks for funding. When banks slow on lending, there are alternative financing options like online loans or merchant cash advance loans. Are banks lending to small businesses? Where do small businesses turn for funding when both banks and online loans…

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Startup Business Financing

Start up businesses will have their own unique challenges in finding business financing. Many companies get their start during recessions, but how do you prevent your startup business from joining the 25% that fail in their first year? You focus on strengthening cash flow. Bank loans…

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Overcoming Current and Future Small Business Challenges

I’ve been in the industry for almost 30 years like my guest, Kris. I can honestly say we’ve been through a lot of recessions before, but I don’t think either of us have ever experienced an overnight shutdown of the economy quite like this one. I…

Is There a Small Business Vaccine?

Many folks have their hopes resting in a vaccine in order for life to return to normal. Unfortunately, the situation is a bit more complicated than that. Even with a vaccine, small businesses have been closing left and right. Many small business owners don’t know how…

#FearlessFactoring Flying or Revenue?

There is something so exciting about flying. That humans can be flown thousands of miles in a metal tube over the course of mere hours is amazing. Along with this excitement comes fear. It doesn’t feel natural to be high up in the air. Each jostle…

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How to Get Small Business Financing Right Now

The Federal Reserve Banks publish an annual small business credit survey report. The 2020 SBCS Report on Employer Firms is based on survey responses of small business owners from the second half of 2019. These responses show the current challenges of business financing and credit that…

Fearless Factoring: Small Business Credit

In much of the financial world, personal or business credit is huge. It can determine whether you are approved or denied, how much funding you are offered, and what interest rates you can receive. Invoice factoring companies, however, do not care about an applicant’s credit score.…

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Immediate Business Financing

I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with…

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How to Find a Long-Term Business Financing Strategy

When you run your own business, it’s crucial to keep the future in mind. You will need tools like cash flow forecasts and financial statements in order to monitor the financial health of your business. There are third party services you can use like an accounting…