How To Clean and Repair Your Business Credit

How To Clean and Repair Your Business Credit

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…

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The Importance of Financial Planning for a Small Business

The Importance of Financial Planning for a Small Business

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…

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Does Your Credit Affect Rollover Business Financing?

Does Your Credit Affect Rollover Business Financing?

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…

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Can You Use ROBS Financing on a Franchise?

Can You Use ROBS Financing on a Franchise?

If you’ve always dreamed of running your own business but don’t have a unique or groundbreaking idea, consider buying into a franchise. Franchising is a popular way to learn the basics of business operation with the guidance and support of a larger company. Plenty of businesses have franchise options, from fast-food restaurants to retail outlets.…

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Why Stacking Loans Are Bad for Your Small Business

Why 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.…

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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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