small business loan Archives

Grant Program Announced for Black Women-Owned Businesses in Detroit (and How to Maximize Your Chances of Securing Relief)

Small businesses make up an astounding 99.6% of Michigan businesses and 49% of the state’s employees—that’s 1.9 million people. Since the onset of the pandemic, these businesses have been forced to endure a tumultuous journey...

byGiuseppe Salamone

March 13, 2021

How Trade References Can Help Your Startup Get Financing

New businesses often find it challenging to get financing. Many lenders prefer to lend to businesses that are at least a year or two old and that have strong financial profiles. But if you wait...

byGerri Detweiler

February 16, 2021

What You Need to Know About Unsecured Business Loans

As a small business owner, you may need financing at some point. You might need help purchasing an asset, expanding your business and more. No matter the reason, an unsecured business loan can help. Whether...

byRapid Finance

January 27, 2021

Why Was My Business Loan Application Denied?

This is a pretty simple question with a more complicated answer. There are a lot of reasons why a business loan application might be denied, but what most small business owners should be asking themselves...

byNav

October 21, 2020

Starting a Business? 5 Ways to Stay on Budget

Whether you are pursuing a lifelong passion, have a unique product idea with income potential, or want out of the corporate rat race, there are many reasons why you may be looking to start a...

byHolly Johnson

January 6, 2020

Everything You Need to Know About Small Business Financing

While obtaining funding as an entrepreneur is not always easy, there are methods to make it easier. These financing solutions support startups and entrepreneurs, and the companies that provide these solutions understand the challenges that...

byRapid Finance

November 26, 2019

Get Cash Fast: The Truth About Small Business Financing

The process of getting a traditional bank loan for your small business is frustrating. It’s nearly impossible to get a banker’s attention if you have questions. You are expected to fill out a long, complex...

byRapid Finance

October 8, 2019

How to Eliminate Your Startup’s Cash Crunch with Invoice Factoring

Entrepreneurs are the unspoken heroes of the American economy. These risk takers set out to change the landscape of an industry by doing what they love. Oftentimes they take out personal loans, tap into their...

byJoseph Laforte

August 7, 2019

5 Questions to Ask Before Applying for a Small Business Loan

Remember the old advice that heeds to “look before you leap”? When it comes to small business loans, you can translate that to “ask before you apply,” and it’s a crucial step for any entrepreneur...

byChloe Gawrych

April 4, 2019

6 Ways to Finance Your Franchise

If you’ve decided to join the millions of business owners who own a franchise, you’re going to need money--and sometimes a lot of it. Franchise startup costs can run from thousands to more than a...

byNav

February 10, 2019

8 Reasons to Start Your Business in 2019

Are you dreaming of starting your own business but hesitant to get things moving? If so, you’re not alone. Many future entrepreneurs face the same concern, never quite sure if now is the right time. However,...

byNav

January 19, 2019

Business Funding 101: Turning Your Startup Dreams into Reality

Starting a business requires a lot of funding - and most likely, you’ll need some extra help with your startup costs. It’s important to get this step right, because it could make or break your...

byMariah Bliss

August 17, 2018

3 Ways to Start a Business When You’re Already Drowning in Debt

Ever since I was young, I've had an entrepreneurial spirit. When I was 15 years old, and all my friends were working at supermarkets and fast-food joints, I started a successful landscaping company. I kept...

byAndrew Josuweit

April 9, 2018

The 5 Best Ways to Fund Your Startup This Year

While it would be cool to pitch for investment on "Shark Tank," not everybody can, or needs to. So don’t worry if you don’t get the chance. The vast majority of startups get their initial...

byMeredith Wood

January 23, 2018

3 Ways to Increase Your Chances of Getting Business Financing

The three best ways to increase your chances of getting financing for your startup are to: Know what lenders look for when determining if and how much financing they will provide Be prepared and professional...

byAnne MacRae

December 21, 2017

Many Entrepreneurs Hope Gig Economy Leads to New Career

The rise of the gig economy has reshaped the way Americans approach their careers. Just a decade or two ago, “moonlighting” was frowned upon by many employers, but attitudes have changed. Today, it’s not uncommon...

byKira Brecht

November 20, 2017

How to Get a Small Business Loan Without Collateral

If you require a small business loan but your company doesn’t have any assets (whether property, land, stock or share options), you may need to give a personal guarantee, which can put your personal assets...

byCarl Faulds

October 23, 2017

The 5 Criteria You Need to Choose a Business Loan

Starting a business requires at least some upfront funding. You can attempt to be frugal and startup on a tight budget, but most businesses will require at least a few thousand dollars to afford initial product...

byLarry Alton

September 25, 2017

7 Tips to Secure Financing for Your Small Business

Commercial lenders are conservative by nature. They want to know their money is secure. They need to be confident that the borrower will be able to repay the loan or that assets that can be...

byAnne MacRae

June 29, 2017

Credit, Loans and Factoring: Find the Best Funding Option for Your Startup

Securing funding is one of the biggest challenges faced by entrepreneurs. It is especially challenging for smaller and newer businesses that have a limited track record and few assets. Most businesses start with financing from...

byAnne MacRae

June 15, 2017