Take a look at the best small business credit cards and learn how to choose the right credit card for your small business.
If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.
Learn what grants are, their pros and cons, how to find them, and best practices for applying in our guide to small business grants.
Provided she meets all requirements set by the SBA and the lender, it’s no more difficult for a woman to get an SBA loan than her male counterparts. The SBA does not discriminate and provides low-cost funding opportunities for all eligible small business owners.
You’re ready to start your own business, and you just need the financing to bring your ideas to life. However, in your journey to become a business owner, you may encounter challenges. Many new business owners find that securing a business loan is easier said than done. When it comes to requirements surrounding time in […]
Unpaid invoices can be a burden for any business. While you know that the money from the invoices will come eventually, slow-paying customers or long repayment terms could have a negative impact on your incoming cash flow — and this could be a problem for your business. Instead of waiting for weeks (or months) to […]
Even if you have a steady income and a high personal credit score, additional requirements such as time in business or a business credit score make it a tough task to get a business loan. This can be a problem, particularly for startups. Using a personal loan for business allows you to bypass some of these restrictions to get financing for your business.
Our list of best personal loans for businesses should provide a good starting point for entrepreneurs looking for small loans to help jumpstart their businesses. Our list includes Rocket Loans, LendingPoint, Discover Personal Loans, Avant, Lending Club, Prosper, and Upstart.
There are so many good reasons to get a business loan that you probably haven’t even considered half of them. For example, have you ever thought about taking out a loan to hire a new employee or getting a loan for the sole purpose of building your business’s credit? Those are both valid reasons to […]
Whether you need extra money to pay an emergency expense, expand your business, or to use as working capital, it’s not uncommon to seek financing in the form of a loan, line of credit, or credit card. Before signing a contract with a lender, though, it’s important to fully understand the cost of your loan. […]
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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
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