Some people are under the impression that it’s impossible to get a business loan if they don’t have any credit. It certainly makes it harder to get a top-notch, low-interest loan, but it isn’t impossible.
Now is a good time to start a business as lenders are lending money at rock-bottom interest rates. Learn 5 steps to get a small business loan.
Financing a business is the biggest challenge for any entrepreneur. You can choose to use debt financing or equity financing strategies. But which one is right for you? Here are the pros and cons of the most common types of financing a business.
Another alternative that is becoming more common is for entrepreneurs to take a loan from their retirement funds by setting up a Solo 401(k) plan with a loan feature.
For financially-strapped entrepreneurs, there are basic strategies you can take advantage of in order to raise capital for a new or current business venture, even if your bank account is not loaded with money. Consider these options for funding purposes.
You may need to look for sources of financing to carry out your business goals. Learn the types of loan available and what kind of loan you need.
Business loans can be defined as money lent for a specified amount of time at a specific interest rate to a specific person or people that operate a business or plan to operate a business. Learn what types of business loans are available to small businesses.
Finding capital when you are starting a business can be challenging. You may find that your only recourse is to use your own personal credit, and finance the business through your credit cards. Understand the risks of putting your personal credit at risk.
How can a business owner get financing to purchase equipment, when lack of credit and past bankruptcies continue to hound them?
I am co-owner of a small print shop. How can I get equipment financing if our business credit is poor and we’ve had past bankruptcies?