Running a business requires effectively managing the money your business earns and spends. You want to keep operations running smoothly with an eye toward growth while improving profitability.
There are several key metrics to help manage your company’s financial performance. One of the most important metrics to watch is a company’s working capital, which refers to the money your business spends
Artificial Intelligence (AI) has been a hot topic for quite some time now, and its impact on businesses is undeniable. From automating mundane tasks to providing valuable insights into customer interactions, AI has become essential for organizations looking to grow and thrive in today’s fast-paced business world.
Traditional financial institutions like banks and credit unions won’t consider lending to a credit-challenged small business owner. Fortunately, many alternative lenders and marketplaces excel in bad credit business loans.
The downside to these loans is that they often have higher costs and shorter repayment terms. However, those costs could be worth it if it provides the working capital to power your
Lender options for seven-figure small business loans are more limited, but they do exist. You can try working with a small business lending marketplace, like UCS, to find the available lenders to fund your business needs.
Before applying, you should think the process out carefully. You want to ensure that you actually need the amount you’re requesting since you’d be taking
Getting a six-figure small business loan is possible, but the requirements are stricter. The most important thing is to have the revenue and cash flow that shows your business can handle the repayment.
You’ll typically need a high credit score, two years in business, and high annual revenue to qualify for a $100k business loan from a traditional lender, like a
No doc business loans are suitable for younger businesses with urgent funding needs. The costs are higher, but the speed and convenience may be worth the cost.
More established businesses with the available documentation can likely qualify for a lower-cost conventional business loan. But remember, traditional business loans usually take longer to close and fund. The extra costs of alternative business
Regardless of the business purpose, one thing all commercial vehicles have in common is a high price tag. Those costs increase even more for specialty vehicles like a food truck or heavy equipment used in construction.
Most businesses lack the liquidity to purchase or repair expensive vehicles. Fortunately, you can potentially use SBA loans for commercial vehicle purchases.
While some traditional lenders offer emergency loans, online lenders provide the most diverse range of emergency lending products. Alternative lenders, also called fintech lenders, provide quick and easy online applications with fast approval and funding. Sometimes, you can get same-day business loans.
However, alternative emergency business funding often comes with higher interest rates and frequent payments. We can help you determine
Fortunately, short-term business loans carry low eligibility requirements and fast funding, and you only have the debt for a few months to two years. The tradeoff for these business loans is that they can carry higher interest rates than traditional business financing.
But that extra cost might be worth it if it means getting your funds when needed. We can help
Marijuana is a booming growth industry, with many states now offering legal cannabis, whether medical only or medical and recreational. The new business opportunities have attracted many corporations and small business entrepreneurs to invest significantly in the industry, in what some call the “green rush.”
However, the lingering vestiges of federal prohibition and social stigma threaten to hamper the industry’s growth.