small business loans

Business Line of Credit: How It Works

As a small business owner, you have many different options when it comes to financing. If you’re looking for a flexible solution that’ll help you manage cash flow disruptions, unanticipated expenses, or pursue new growth opportunities, you’ll want to consider a business line of credit. A business line of credit is a type of revolving loan…

Business Line of Credit Requirements: Everything You Need to Know

A business line of credit can be a great source of extra cash. Business lines of credit are extremely flexible financing solutions – you can use them to manage cash flow gaps, unexpected expenses, expansion opportunities, and more.  Unlike a business loan, which provides you with an upfront, lump-sum amount you’ll need to pay back…

8 Ways to Improve Your eCommerce Customer Experience

A great eCommerce customer experience is key when it comes to standing out from competitors and generating repeat sales. It will also have enormous effects on your business revenue and customer loyalty. Worldwide eCommerce sales totaled $4.28 trillion In 2020, and may be as high as $5.4 trillion in 2022. If your online business is…

6 Factors That Keep You From Getting a Small Business Loan

Business loans are a great way to get an influx of cash. They can be used to make large purchases, finance growth, cover operational costs, and more. Even though business loans offer a host of different benefits, it’s sometimes difficult to get approved for one.  Many lenders impose extremely rigid requirements and only certain businesses…

4 Business Loans For Retailers (And How to Get One)

Business loans for retailers offer the opportunity to boost revenue, expand into new locations, improve customer experience, optimize operations, and so much more. As a retail business owner, it’s important to know about the variety of funding options available. Financing not only offers assistance during difficult times, but primarily acts boosts your business’s growth. In…

Could High Lumber Prices in 2021 Affect Your Small Business?

While the economy recovers from a global pandemic and recession, lumber prices in 2021 are skyrocketing. Earlier in March, lumber prices in 2021 reached record high levels of $1,040 per thousand board feet. As of Q3 in 2020, lumber prices averaged around $761—meaning the rise in prices has been quite substantial. Many construction and manufacturing…

Commercial Building Loans: The Definitive Guide

Whether you need additional space, a new location, or simply want to stop paying rent and start paying toward an asset, commercial building loans can help you acquire a new building without paying upfront. Even as you grow your business, it’s not uncommon to need additional capital to cover the costs. Rather than waiting to…

Can I Get a PPP Loan and A Small Business Loan?

Wondering if it’s possible to get both a PPP loan and small business loan at the same time?  The answer is yes, you can! Securing both forms of financing is a viable option, and won’t  prevent you from receiving forgiveness. Although PPP loans come with restrictions (mainly related to spending), securing additional financing from private…

7 Types of Collateral You Can Use to Secure a Small Business Loan

If you’re in the market for a small business loan, then your lender may (or may not) require that you put down collateral to secure the loan and minimize their risk. But with numerous types of collateral out there, understanding which option will work best for you can be confusing. After all, each comes with…

Small Business Loan Underwriting Guide: What Lenders Look For

For borrowers unfamiliar with how it works, the process of underwriting small business loans can be shrouded in mystery. After submitting the initial application, many small business owners are left in the dark when it comes to underwriting.  However, underwriting is one of the most important parts of your loan process. The underwriting process can…