5 Factors That Determine Your Approved Business Loan Amount

5 Factors That Determine Your Approved Business Loan Amount

To start your business off on a strong foundation, you’ll need adequate startup capital for all those initial costs. The SBA (Small Business Administration) can help you get approved for loans from banks and other traditional lenders. But what ultimately determines that dollar amount? Here are five factors that determine your approved business loan amount.…

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Hidden Business Loan Fees To Be Aware of Before Applying

Hidden Business Loan Fees To Be Aware of Before Applying

When you obtain a business loan, you’ve got the capital to get your business off to a strong start. It’s exciting! But before you sign all that paperwork, read it over in its entirety. Look out for these hidden business loan fees before applying. Application Fees When you fill out a business loan application, your…

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What To Ask When Choosing Your ROBS Funding Service Provider

What To Ask When Choosing Your ROBS Funding Service Provider

Sometimes the biggest obstacle to pursuing the dream of a new business is funding. If you don’t have enough capital, you’re done before you can even start. But there are diverse ways to apply for and receive money toward growing a new business venture. Bank loans are one way, but those come with fees, interest,…

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Benefits of Using Rollovers To Fund Your Business Startup

Benefits of Using Rollovers To Fund Your Business Startup

Financing a small business takes a lot of capital that many people don’t have immediate access to. Whether they need to purchase equipment, real estate, cover certifications, or pay for employee training, small business owners face numerous challenges getting their company off the ground. Traditionally, prospective business owners attempt to find financing through business loan…

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Can You Start a Business Using Your 401(k)?

Can You Start a Business Using Your 401(k)?

Starting a business requires a lot of capital to get operations off the ground, whether you’re securing equipment, paying salaries, or purchasing real estate. Not everyone has the money to pay for everything out of pocket, which makes it essential to seek out business loans and other financing options. One popular method of new business…

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SBA vs. Conventional Financing: What’s the Difference?

SBA vs. Conventional Financing: What’s the Difference?

When you need to finance a business venture, there are several different routes you can take when it comes to funding. Some are riskier than others, and each has its benefits and challenges; you need to know the difference between SBA vs. conventional financing. Being aware of the difference will better inform your funding decisions…

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3 Types of Financing Options for Your Start-Up Business

3 Types of Financing Options for Your Start-Up Business

Establishing a new business can cost hundreds of thousands or even millions of dollars—money that not a lot of individuals have to invest on their own. Because of this high barrier to entry, it’s essential that you know the three types of financing options for your start-up business. Each one of these can offer a…

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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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Use social media to maximize response

people holding phones in a circle with message bubbles popping up in the air

Social media—such as Facebook, Instagram, Twitter and others—serve businesses best in two broad areas: in public relations (PR) (by building and reinforcing awareness) and in advertising (by showcasing targeted paid ads). And the platforms have carved out a comfortable niche for small businesses looking for either service. Or both. If you use social media mainly…

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Basics of blogging

person's hands showing typing on a laptop

If your business relies on a web presence, you may be considering a blog to build traffic to your site. Like other communication channels, blogging has its own rules, protocols and best practices. Businesses, especially small ones, use blogs to build awareness and excitement, attract an audience of followers, leverage their expertise, boost engagement, communicate…

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5 tips to make your new business marketing plan work

hand placing colorful sticky notes on wall with reminders

Many small business owners start off making decisions, even consequential ones, while multitasking on the fly. In the early going, you might be doing more doing than planning: developing your product or service, raising capital, and other concrete first steps. That’s understandable; those issues are all critical. Eventually though you’ll need to shift some of…

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Tips for using freelance talent

cartoon image of the back of a guy at a desk with a computer

Freelancing has expanded rapidly throughout the economy, especially during the 2020 downturn related to the pandemic. And from all indications, it’s poised to keep growing; even as the economy rebuilds, there’s a trend away from full-time employment. In some sectors, like ride sharing, workers who freelance function largely on a plug-and-play basis. But for many…

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