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Working Capital

What Is a Payday Loan?

5 minute read

March 31, 2021

Technically, there's no set structure or terms for payday loans. These loans are typically expensive, short-term loans of $100 to $1000. However, loan amounts, fees, and rates vary significantly based on state law.

SBA Loan Requirements: What You Should Know

6 minute read

March 23, 2021

Small business loan programs are one of the ways that the U.S. Small Business Administration aims to benefit American small businesses. Through their loan programs, borrowers can get up to 80 percent of loan principals...

Business Equipment Leasing: What Are the Top Pros and Cons?

6 minute read

March 16, 2021

Nearly every industry requires equipment to properly function. Examples of industries that require significant equipment include, but aren't limited to: Restaurants Construction firms Office-based businesses Medical firms Manufacturing companies Although equipment is necessary, it doesn't...

How to Get a Business Grant with Bad Credit

5 minute read

March 12, 2021

If you have bad credit, getting approved for a term loan—or even a credit card—can be immensely frustrating. That’s partially why small business grants are a popular alternative to debt financing.

Should You Finance Your Business with Home Equity Loans?

5 minute read

March 10, 2021

If you own a home with some equity and wish to start a small business, a home equity loan can help. However, before you pursue this type of loan, you should weigh the pros and...

The Pros and Cons of Economic Injury Disaster Loans

5 minute read

March 10, 2021

Has your small business been hurt financially due to a natural disaster like a hurricane, earthquake, or the coronavirus pandemic? If so, Economic Injury Disaster Loans (EIDLs) are an option.

American Express Small Business Loan: Should You Apply?

5 minute read

March 8, 2021

You may know that American Express offers business credit cards to help you cover a variety of business expenses. What you may not know, however, is that the credit card issuer also provides small business...

What Happens When You Default on a Loan?

5 minute read

March 5, 2021

Whether you’re starting a new business or hoping to grow your existing company, having ample financing is key. Since cash flow is often unpredictable in the early stages of any business, outside funding can help...

Leasing vs. Buying Equipment: What To Consider

5 minute read

February 17, 2021

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...