Funding

The SBA is well-known for needing a lot of documentation before they will loan a small business any money. But they will want even more if you want to get a loan from them to purchase a going concern.

Just under half of all WWII veterans started their own businesses, as did about 40% of all Korean War vets. But only around 4.5% of the more than 3.6 million people who have served in the U.S. military since 9/11 have launched a company. Why are so few recent vets starting businesses? The answer is one word—financing.

Don’t give up if you can’t get a government business loan. We have 6 other ways to fund your startup.

Invoice factoring offers fast funding for businesses that qualify. In these cases, by working with a factoring company, you can effectively sell payments you’re owed for outstanding invoices and shift your risks to a factoring company if your client pays late or fails to pay their invoice.

In a revenue-based financing investment, investors get a regular share of business income until a predetermined amount is paid, much like a debt. It’s a lot like common stock. 

Do you need a business loan to buy a business? Even if your credit isn’t great, you have options. A business credit expert can help you figure out which one is right for you.

Hard money loans are loans for the purchase and rehab of property. These include fix-and-flip loans, as well as certain other types of loans. They typically come from private money lenders that are willing to lend based on the value of the property after rehab, rather than current value only. This allows investors to use the funds for both purchase and rehab.

There is a lot of information available about credit card stacking scams. But, what about legitimate business funding programs. Those can be useful tools to fund your business.

Your absolute best balance transfer business credit card will hinge on your credit history and scores.