Understanding Business Lines of Credit

Understanding Business Lines of Credit Business lines of credit have become very popular over the last few years. Previously lines of credit were lending options from the big banks and SBA. But now alternative lenders have entered the market and with their entry, they have loosened qualification standards. They have eased up on credit and … Read more

Five Cs of Credit

Five Cs of Credit Note- For this article I am doing a re-print of an article written on Investopedia.  There is so much that goes into the reviewing of credit to provide financing that I will follow up with another article that dives deeper into the underwriting of credit.  The lending industry learned during the … Read more

Financing Your Entrepreneurial Dreams

Financing Your Entrepreneurial Dreams I am going to be real here, it is easier for you to have your dream, develop your business plan, find the right location than it is to fund that dream. Unless of course, you have access to the cash already.   There are a few routes to obtaining the financing you … Read more

Using the SBA 7(a) Loan for Start-Up Funding

Using the SBA 7(a) Loan for Start-Up Funding Note: This is a reprint off the SBA website. With SBA and start up funding, you must prep yourself. SBA does require good credit and strong personal financials. The benefit of SBA financing is that your investment is minimal, but they do expect you to have some … Read more

Commercial Underwriting Guidelines

Commercial Underwriting Guidelines Commercial underwriting entails many factors which basically surround the borrower and the property. But we have included as much detail that surrounds what really goes into a full doc loan, such as a conventional or SBA financing program. Financial Analysis A key component in making an underwriting evaluation is the debt coverage … Read more

Running a Business Is More Than Just Sales

Running a Business Is More Than Just Sales I know you are probably sick and tired of hearing about the CoronaVirus, but if it did teach us one thing is that we were not prepared for what happened both personally and in business. Many people are finding themselves in financial predicaments trying to make ends … Read more

Should You Buy or Lease Equipment for Your Business?

Should You Buy or Lease Equipment for Your Business? Just about every business needs equipment to start and grow and at some point, you’ll need to decide what’s best for your business: Should you buy or lease equipment? The answer may clearly be one or the other, although depending on the phase your business is … Read more

Merchant Cash Advance – Consolidation

Merchant Cash Advance Consolidation Many business owners fall for the multiple loan syndrome or in the merchant cash advance world it is known as stacking. As a small business owner, you feel you have limited options for getting access to capital. Then the phone rings and the person on the other end of the call … Read more