A business line of credit is a short-term loan, similar to credit cards or in some cases a home equity line of credit, where the lender provides a certain amount that can be borrowed and otherwise sits in an account until needed. Lines of credit are more practical for some businesses that are cyclical such
Read MoreAn often overlooked source of funding a business is through personal retirement accounts. Most people are not aware they can use IRA’s to fund businesses since most of the money made through IRA investing is through stocks, bonds, etc. There are two ways to access retirement funds and we strongly encourage utilizing the services
Read MoreAlternative lending is a relatively new process where small businesses can get a loan through places other than banks. Similar to how you can get a loan for your home online this is available for businesses, the magic and efficiency of the internet is streamlining business lending. Banks have traditionally viewed small business loans
Read MoreDepending on what you need the money for, credit cards may provide an easier way to finance the startup or expansion of a business. If you need a lot of working capital for the business, you could do a cash advance but the interest is typically very high. We know that nobody goes into business
Read MoreRevolving and micro loan programs have been around for many years but they are seldom used by small businesses. These loans are provided by states, counties, cities, local economic development agencies and not-for-profits as an economic development tool to help communities prosper by providing financing for entrepreneurs who are not able to secure sufficient capital from
Read MoreHave a Question About Getting a Business Loan?
CLICK HERE TO ASK