How Do I Qualify for a Business Line of Credit? What is a business line of credit? A business credit line is a predefined sum of money that you can draw from as needed and repay afterward. As opposed to a conventional loan facility, you can access the money whenever you require it […]
General Financing News
How Small Businesses Should Prepare for Loans
How Small Businesses Should Prepare for Loans Many people have ambitions of operating a small business. This is backed by a report from the Small Business Administration (SBA), where about one million small businesses opened in the United States between 2019 and 2020. What is common between all these small enterprises is that […]
small business funding solutions
Small business funding solutions – easiest ways to get a business loan According to a US Small Business Administration (SBA) report, small businesses were given more than 61,000 loans during the 2021 fiscal year. For small businesses, loans and business financing can be beneficial for a variety of reasons that include: Improving cash flow and […]
How government contracts work for small businesses
How government contracts work for small businesses In recent years small businesses have been playing a much larger role in United States government contracting. In fact, many government agencies have contracts set aside for small business only. This is great news for small and disadvantaged businesses looking to grow their business by successfully completing gov […]
All about asset based lending
What is Asset-Based Lending (ABL) & How Does it Work? Asset based loans include any type of financing that leverages existing assets so borrowers can access additional working capital. Under these programs a business can borrow against inventory, equipment, accounts receivable, or real estate. Asset based loans are a common type of business loan offered […]
8 Most Popular Construction Company Loans for Contractors
Financing one of the largest industries in the country Even though the construction industry is tremendous, construction company loans can be hard to come by. Construction is arguably one of the most major contributors of the economy in America. According to Associated General Contractors of America, “The industry has more than 745,000 employers with over […]