3 Pros and 2 Cons of Unsecured Business Loans

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…

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Top 5 Business Loan Qualifications To Be Aware Of

Top 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…

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Fixed-Rate vs. Variable-Rate Business Loans

Fixed-Rate vs. Variable-Rate Business Loans

Many people focus only on the numbers when looking at their business loans’ interest rates. However, the terms of the rate—fixed or variable—is just as important as the loan amount. Let’s look more closely at fixed-rate and variable-rate business loans and weigh them against one another. What Are Fixed and Variable Rates? A fixed-rate private…

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Tips for Starting a Business With 401(k) Funds

Tips for Starting a Business With 401(k) Funds

Are you looking to leave the rat race behind and start your own business? Small businesses can see great success with proper funding and a solid business plan. While small business loans are a popular option for new owners looking to grow quickly, but you may have some funds of your own tucked away. Use…

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5 Benefits of Receiving a Start-Up Business Loan

5 Benefits of Receiving a Start-Up Business Loan

Entrepreneurs looking to start their own businesses or grow existing ones have many financing options. For many folks, self-funding just isn’t feasible, so they may consider taking out a loan. Luckily, there are plenty of lenders and financing tools to give you a helping hand. Here are five helpful benefits of receiving a start-up business…

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How Does Small Business Startup Funding Work?

How Does Small Business Startup Funding Work?

Once you’ve come up with a unique business idea, the first step in launching that business is to find funding. Before you officially open your doors, you’ll need startup capital to find a location and hire employees. If you don’t have all that cash handy, you’ll need to take out a loan or research alternative…

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What To Know Before You Sign Your Business Loan Agreement

What To Know Before You Sign Your Business Loan Agreement

If you’re a new or aspiring business owner, each step in the process can feel daunting. There are dozens of documents to sign and projects to finish before you open! Learn what to know before you sign your business loan agreement, and read each document carefully to understand exactly what you’re signing. What Is a…

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4 Reasons To Start a Business in Retirement

4 Reasons To Start a Business in Retirement

Retirement doesn’t have to be the end of your career. You can still run your own business during this time, and if you’re past the age for full retirement, you can still receive all your social security benefits while running the business. If that’s not enough to inspire you to do this, then this list…

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The Ultimate Guide: How to Apply and Qualify for an SBA

The Ultimate Guide: How to Apply and Qualify for an SBA

Small businesses open every day. But starting a venture isn’t cheap. The acts of securing a physical storefront, getting your management structure in order, hiring the necessary employees, purchasing or leasing equipment, and marketing all demand money. Most people starting businesses don’t pay for everything out of their own pockets upfront; it costs far too…

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4 Factors That Affect Financing Your Start-Up

4 Factors That Affect Financing Your Start-Up

Financing your business requires a lot of determination, effort, and adaptability. It’s unreasonable to expect individuals to finance the entire endeavor with their own capital; start-ups simply require too much money for most people to do so alone. During this process, you should know four factors that affect financing your start-up—the variables that could be…

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Insights for long-term entrepreneurial success

Entrepreneurial thinking has been around since the development of money. And it has grown exponentially since the pandemic forced people to re-think and adapt their own prospects. That leaves the small business community with an outsized contingent of new business owners. While many of those new companies are owned by seasoned business professionals, many are…

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