Every business has a tool of its trade, equipment it simply cannot be without to provide its goods or services. Business equipment can be expensive and many cash-strapped small businesses and startups simply don’t have the money to purchase the tools of their trade or to upgrade old and malfunctioning equipment, so they remain competitive. […]
Equipment Financing: What is It and When can Small Businesses Use It Read More »
The United States Department of Agriculture (USDA) provides loans for small businesses located in rural areas designed to offer these business owners like farmers and ranchers the capital to expand their operations. USDA loans are provided through USDA’s Business and Industry Loans Guarantee Program. USDA loans can be a good option for small businesses typically
USDA Loans: What are They and When can Small Businesses Use Them? Read More »
Another month brings another record high small business loan approval rate by big banks. Biz2Credit Lending Index July 2018 The July Biz2Credit Small Business Lending Index reports this was a strong month for small business lending approvals. Strong economic numbers including higher wages are driving lenders to give small businesses the funds they need to
Loan Approvals at Big Banks Break Another Record, Biz2Credit says Read More »
Financing is a big part of getting the right commercial location secured to start a small business. Here’s a few important boxes to check on where to find commercial real estate loans and how to get approved for one. Like the name implies, commercial real estate loans are a mortgage loan that applies to a
Cracking the Code on Commercial Real Estate Loans Read More »
Microloans are small loans which are issued to businesses by individuals opposed to credit unions or banks. The concept of microcredit originated in the developing world, as a means of helping people in smaller economics have the ability to launch their own business. Microlending subsequently took off around the world, and today, small business microloans
What is a Microloan and Where Can You Get One for Your Small Business? Read More »
According to the Biz2Credit Small Business Lending Index, the loan approval percentage across all categories of lenders is rising. For banks and institutional lenders, the month of June has delivered new highs. This is great news for small businesses who are looking for capital to expand their operations. However, the robust economy has resulted in
Small Business Loan Approvals Continue to Rise, Says New Biz2Credit Report Read More »
Data from small business lending platform Lendio shows demand for small business funding in California has increased 80% year-over-year from 2017 to 2018. The Rise in Demand for Small Business Loans in California In the case of Lendio, the company loaned close to $120 million to 5,000 California-based small businesses in less than five years. According to the
California Small Business Loan Demand Up 80% Since 2017, Lendio Reports Read More »
The 7(a) loan program is the SBA’s most popular financing program. It provides working capital for small businesses that need working capital of up to $5 million. It’s also a guaranteed loan program. So essentially, small businesses work with traditional lenders, but the money is guaranteed by the SBA in order to support small business
What is the SBA 7(a) Loan Program and How Can It Help Your Business? Read More »
As your business grows, you might find that you could use a loan to take advantage of new opportunities. The world of small business loans can be a complicated one to navigate. So we collected some expert tips on everything from building your credit worthiness to finding the right lender. Here are some best practices
Do’s and Don’ts for Getting a Small Business Loan Read More »
The Biz2Credit Small Business Lending Index for May 2018 is reporting record highs of loan approval from banks and institutional lenders. Biz2Credit Lending Index May 2018 The record highs reflect a strong US economy and job growth. The Bureau of Labor Statistics reports the unemployment rate is currently at 3.8%. And wage growth is also
Small Business Loan Approval Rates Hit Record High, Biz2Credit Reports Read More »
