Building Business Credit Many businesses start small. Really small. You might even have started yours in your basement or garage. When companies start that way, they’re usually funded with personal savings, personal credit cards, or by getting customer payments upfront. But if you do things right, your business won’t stay in the basement or the […]
When to Choose Factoring vs. Asset-Based Financing
When to Choose Factoring vs. Asset-Based Financing Have you hit a roadblock with your logistics company? Perhaps you’re preparing for the next stage of your tech start-up and are limited financially? Starting and growing a business demands capital and sometimes, the finances aren’t readily available. There are several financing options that can help businesses grow […]
What Business Owners need to know about Business Credit
What Business Owners need to know about Business Credit As an entrepreneur, you know the importance of having access to cash and credit to keep your business funded. Even if you have healthy cash flow, having the ability to borrow as needed gives you peace of mind. When you’re just starting out, you may have […]
What Every Business Owner Needs to Know About Growth Capital
What Every Business Owner Needs to Know About Growth Capital Growth capital is a type of capital used to accelerate the growth of a business. You can use it to increase revenue, improve profitability, or create great technology. Growth capital can come in the form of loans, in the form of equity fundraising, or venture […]
What is Equipment Financing?
What is Equipment Financing? While the average small business needs about $10,000 in startup capital, that amount needed increases fast when you need expensive equipment to carry out your business operations. Flatbed truck transportation companies, laundromats, and other manufacturers require heavy, expensive equipment to operate. Luckily, there are many options for business financing. You might […]
What is Accounts Receivable Financing?
What is Accounts Receivable Financing? Accounts receivable financing is a great way to improve your capital and address short-term cash flow needs – but what exactly is it? This guide will review everything you need to know about AR financing, including why and how it might be beneficial for businesses. AR Financing: The Basics Let’s […]
Business Financing Line of Credit; What is it and How Can it Help Your Business?
Business Financing Line of Credit; What is it and How Can it Help Your Business? A line of credit can provide businesses with a flexible business financing option to meet unexpected gaps in income or to take advantage of a time-sensitive strategic opportunity. So how does a line of credit work and when is the […]
The Essential Guide to Asset-Based Loans
Asset-based capital funding often opens the door for businesses to add or upgrade equipment or cover short-term, time-sensitive projects. In today’s business world, companies may need to secure the loan with collateral like “inventory, accounts receivable, equipment, or other property owned by the borrower.” Lenders use this collateral, or assets, to make sure the business […]
Pros and Cons of Working With a Direct Lender
Convenient access to finance is crucial to the growth and development of any business. Whether you are still developing your business idea, have just founded a startup, or are looking to scale up, access to financing is key. Small businesses have a range of options. All of them have their own considerations, benefits, and disadvantages. […]
Advantages of Working with a Finance Broker
Business owners understand the risk needed to grow a company. Capital and profit need to be strategically invested in order to help the company find success. In many cases, a business loan can give the financial boost that is needed, and a finance broker can guide this process. According to the Federal Reserve, 59% of […]
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