Category: Business Credit

For many small business owners, business loans are critical to financing company growth and development. The savviest entrepreneurs keep their eye on the market and monitor for opportunities to score better loan interest rates or find payment terms that better match company needs.  The process of refinancing (often shortened to "refi") a business loan is similar to the process of initially obtaining one. You fill out an application and either get approved or declined.  It can sometimes be a lot… Read More

Accounts receivable financing is one avenue you might consider in lieu of business loans or credit cards when you need working capital. Also known as AR financing, it can be a quick and convenient way to get cash for your business to help meet short-term financial needs. Just like any other funding option, account receivable financing has both pros and cons. Here's what you need to know. What Is Accounts Receivable Financing? Account receivable financing is a funding option that… Read More

If you don’t have all the funds to start your new business venture yourself, you may look into alternative ways of funding, including a US Small Business Administration loan, or an SBA loan. An SBA is a type of federal loan that new businesses can use to start and grow their companies. But if times have been hard or you haven’t gotten the sales you originally expected, you might not be able to make payments on your SBA loan. Eventually,… Read More

As a business owner, you may have heard the term ACH before. You might accept ACH transfers as a payment method from customers. For those of you who aren’t familiar with this banking term, ACH stands for automated clearing house. It’s a method of moving money from one bank account to another without using paper checks.  If your company needs to borrow money but it can’t qualify for a traditional business loan, you may decide to consider alternative financing options.… Read More

Looking to buy supplies or products, but don’t have the money to do so? Inventory financing is just one of the many business financing options to consider. You may assume that because your business is fairly new or you don’t have stellar credit that you don’t qualify for any type of loan. But in fact, you may qualify for secured loans using collateral. There are two types of loans: secured and unsecured. If you have great credit, you can get… Read More

A secured card lets a business owner with bad credit or no credit history build credit by demonstrating responsibility and timely monthly payments. Unlike a prepaid card or  a debit card, secured credit card usage is reported to the major credit bureaus, which may help build good credit.  However, it’s worth noting that there are very few secured business credit cards. Most secured cards are offered to consumers, not businesses.  When Should You Get A Secured Credit Card?   All together,… Read More