Chris Motola

When searching for a great commercial construction loan, you’ll want to keep in mind the size of the project, how quickly you need funding, and the resources you have available to use as collateral or downpayment. For many small businesses, an SBA 504 loan will be the best option for major construction projects. Others may be better served by bank loans or alternative loans.

ACH loans are unsecured loans that are both disbursed and repaid through the automated clearing house bank-to-bank transfer system. As a form of short-term loan, ACH loan qualifications tend to focus more on the flow of revenue into and out of your business checking account rather than your credit score.

While commercial mortgages have lower interest rates relative to other types of business loans, they are generally more expensive than comparable residential mortgages. This reflects the higher risk inherent in commercial development.

It can be harder for startups to qualify for business loans since many lenders want to that a business is profitable before they lend it money. One way to get around this Catch-22 is to use personal loans to finance the early stages of a business.

Equipment financing is low key one of the more complicated types of business financing. Not only do you want to keep in mind factors that apply to all business loans like interest rates, your ability to qualify, and term lengths, but you need to consider how the equipment you’re purchasing retains (or doesn’t retain) its value and utility over time.

If you’re looking to take credit card payments through your WooCommerce store, WooCommerce Payments offers a ready-made solution. WooCommerce Payments allows businesses to accept payments and monitor sales activity through their store’s dashboard.

The Mid-Atlantic and Southern regions are fortifying their reputation as the best states for Black entrepreneurs, with the Gulf states of Louisiana and Florida joining their ranks thanks to an increase in Black business creation within their borders. This is the finding from Merchant Maverick’s annual report on the Best States for Black Entrepreneurs.

Despite tightening interest rates, companies founded or co-founded by women netted over $36.3 billion for the year ending in October, down from 2021’s $42.6 billion.

A real-time payment is a transaction made through the Clearing House’s RTP network. Though more limited than ACH, payments made through the RTP Network settle almost immediately.

When you’re dealing with a high-risk product like kratom, it can be tempting to think you need to accept the first payment processor who will have you. Even though you may have fewer options, you shouldn’t sacrifice your needs. A good high-risk payment processor should still be able to offer you a satisfactory suite of features.