Funding

There are many reasons to apply for an SBA loan, but there are just as many reasons someone who qualifies for financing another way may not want to do so. For example, SBA loans offer longer repayment terms and lower interest rates, but there is an extensive and complicated application process.

The Verizon Small Business Recovery Fund is new. It was established in response to the COVID-19 pandemic. The fund offers $10,000 to successful applicants. The fund is specifically focused on providing grants to business owners of color, women-owned businesses, and other underrepresented entrepreneurs.

Have you ever considered using business credit to buy real estate? By doing so, you can protect your personal assets and still get the funding you need.

With commercial vehicle financing, business owners may need to personally guarantee vehicle loans.  If you are a co-borrower the loan will most likely report to your personal credit report. Starting off by giving a personal guarantee means you can get money, and start building your commercial fleet now instead of later.

Most SBA loans have terms that stretch into years, with 7(a) loans having a repayment term going up to 10 years. The Builders CAPLine (a type of 7(a) loan), however, cannot have a loan term of more than 5 years.

There is a such thing as business loans with bad credit. However, it is important to use them wisely. Let them help you dig yourself out of a bad credit rut, not keep you in it.

Are you looking for the best business credit cards for cash back? Check out what we’ve found, including cards with other kinds of perks, as you may find those are a better value for you than just cash back.

Looking for an LLC credit card? Your limited liability corporation needs its own credit. Don’t use your personal credit to bankroll your business. We show you a better way.

The recent PPP loan extension offers business owners time for more than just to apply for the SBA loan program. It offers them time to work on the overall fundability of their business.

Tier 4 vendors can help strengthen your business credit score and flesh out your business credit portfolio. That means more funding to help your business grow. Who are these vendors? How do you find them? Find out here.