Financing Resources

How To Avoid Common Pitfalls in 401(k) Business Financing Deciding to tap into your 401(k) to fund a business is a bold move. It’s an opportunity to turn your years of saving into the groundwork for a dream, but it’s not without its risks. This method offers a way to access your own money without…

5 Innovative Ways To Fund Your New Business Starting a new business venture often calls for creativity, especially when it comes to financing. Traditional methods might not suit everyone, and innovative funding options can offer fresh opportunities. Check out these creative ways to fund your new business. Crowdfunding: Harnessing the Power of the Crowd Sites…

4 Common Mistakes To Avoid With Your ROBS Starting a business requires careful financial planning, especially when considering Rollover for Business Startups (ROBS) financing. Entrepreneurs often see a ROBS as a valuable tool that allows them to use retirement funds without incurring early withdrawal penalties. However, errors in setting up and maintaining your ROBS plan…

Whether you’re brand-new to business or have been an entrepreneur for many years, your business credit plays a pivotal role in determining the financial health and viability of your company. A strong business credit profile can open doors to helpful opportunities like securing loans at favorable interest rates and establishing relationships with suppliers. However, if…

The Importance of Financial Planning for a Small Business Shrewd financial planning holds a significant position in the realm of business success, especially for smaller enterprises. Small businesses often operate within tight constraints and face unique challenges that require effective financial management. Whether you’re an experienced small business owner or a budding entrepreneur, financial planning…

Rollover business financing is a method of small business funding that uses your 401(k) to provide startup capital for your new business. It’s a popular alternative to traditional loans because it isn’t a loan at all—a ROBS, or Rollover for Business Startups, uses money that’s already yours. Does your credit history affect rollover financing for…

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.…

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.…

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…

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,…

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…