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How to Get a Business Grant with Bad Credit

March 12, 2021

If you have bad credit, getting approved for a term loan—or even a credit card—can be immensely frustrating. That’s partially why small business grants are a popular alternative to debt financing.

Should You Finance Your Business with Home Equity Loans?

March 10, 2021

If you own a home with some equity and wish to start a small business, a home equity loan can help. However, before you pursue this type of loan, you should weigh the pros and...

The Pros and Cons of Economic Injury Disaster Loans

March 10, 2021

Has your small business been hurt financially due to a natural disaster like a hurricane, earthquake, or the coronavirus pandemic? If so, Economic Injury Disaster Loans (EIDLs) are an option.

American Express Small Business Loan: Should You Apply?

March 8, 2021

You may know that American Express offers business credit cards to help you cover a variety of business expenses. What you may not know, however, is that the credit card issuer also provides small business...

What Happens When You Default on a Loan?

March 5, 2021

Whether you’re starting a new business or hoping to grow your existing company, having ample financing is key. Since cash flow is often unpredictable in the early stages of any business, outside funding can help...

Leasing vs. Buying Equipment: What To Consider

February 17, 2021

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

ACH Transactions: What Businesses Should Know

February 12, 2021

Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

Collateral Coverage Ratio: What You Should Know

February 10, 2021

Collateral is an asset you pledge in order to secure a loan from a financial institution. Types of collateral may include real estate, inventory, or equipment. If you default on your loan, your lender typically can take your collateral and recoup their money.

How to Select the Right Minority Business Loans and Grants

January 31, 2021

Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.