Archive for August 2022
3 Pros and 2 Cons of Unsecured Business Loans
When you want to take out a loan for your start-up business but don’t have the collateral to spare, unsecured loans can help. These loans help those with good credit get their foot in the door and make it possible to acquire funding regardless of whether you have additional assets. But before you consider taking…
Read MoreTop 5 Business Loan Qualifications To Be Aware Of
As you work to get your business start-up off the ground, finding the initial funding will be the key to your success. Acquiring a business loan is relatively straightforward, but not everyone receives approval right out of the gate. Because of this, knowing what to provide during the application process and how these factors can…
Read MoreWhy Stacking Loans Are Bad for Your Small Business
New business-owners often take out loans when starting up their small businesses. In fact, in many cases, these forms of funding are essential to getting one’s dream off the ground. However, if you’re not careful and you take on more debt than you can handle, multiple loans can put you in a difficult financial spot.…
Read MoreTop Benefits of a ROBS 401(k) Plan in 2022
If you want to start a business but don’t think you have the capital, try unlocking your retirement savings. Using your 401(k) plan for a ROBS in 2022 has multiple benefits, like eliminating penalty withdrawal fees and not paying interest on a new small business loan. Learn more about the process and why it could…
Read MoreHow To Get Approved as a First-Time Business Loan Applicant
Many prospective business owners are quick to apply for loans—and are disappointed when they do not qualify. The truth is, it’s difficult to secure a small business loan when you’re a brand-new startup. There’s a higher risk involved for lenders, as they may not see guaranteed success in your new venture. Don’t let that discourage…
Read MoreHow To Select the Best Business Funding Solution
Are you in the process of starting a new business? It’s an exciting venture; from choosing an office or storefront to constructing a five-year plan, business ownership can be remarkably rewarding. However, to reap those rewards more effectively, you’ll need adequate startup funds to hit the ground running. Most people don’t have that kind of…
Read More6 Common Myths About Rollovers As Business Startups
If you’ve been reading up on small businesses and startups, you’ve probably heard of a funding opportunity referred to as Rollovers as Business Startups, or ROBS. As with any investment, a ROBS plan is a leap of faith that your business idea will pay off. However, many misconceptions exist about this particular funding option. We’re…
Read More5 Things To Know Before Applying to a Working Capital Lender
Whether you’re just starting your business or looking to help your existing one grow, you’ll need some extra cash to jump-start that growth. There’s plenty of lending and financing options out there, one of which is a working capital lender. Here’s what you need to know before you apply. How Long Your Business Has Been…
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