Same-week MCA funding is usually a documentation and verification issue, not a credit-score issue. Your deposits and trends matter more than your FICO. Understanding the difference between approval, contract signing, and funding disbursement is critical.
Approval means an underwriter reviewed your statements and offered terms. Contract signing means you agreed to the factor rate, holdback, and total payback. Funding
If you need financing for your business in 2026, understanding current SBA loan interest rates can save you thousands of dollars. In 2026, SBA 7(a) interest rates are generally priced as a base rate (usually Prime) plus a lender spread, with SBA-set maximum caps that depend on loan size and whether the rate is fixed or variable. This guide provides
How a Business Line of Credit Works Picture this scenario. You’re approved for $50,000. Two weeks later, you draw $12,000 to cover payroll. Interest starts accruing on that $12,000 immediately, but your available credit still shows $38,000. When you repay $5,000 next month, your available credit will increase to $43,000 without reapplying. That’s the core mechanic of revolving credit. A
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
What are Online Business Loans? Online business loans are financing products that small businesses can apply for and manage entirely online. They’re offered primarily by online lenders and alternative financing companies, though some traditional banks now offer digital loan programs. What makes them unique is their streamlined application process, faster funding times, and often more flexible eligibility requirements compared to
It’s essential to know your business’s value for multiple reasons. You’ll likely need to present this figure when speaking to investors and financial institutions. If you sell your business, you must make sure to offer an appropriate price. When reaching out for media coverage, attaching an impressive valuation to your business will significantly increase your appeal.
Small business owners who need financing are probably familiar with conventional and cash flow loans. But there’s another financing option – asset-based lending – that can help you access capital when your cash flow is shaky.
The main differences between asset-based lending and traditional bank loans are how lenders evaluate and approve the loan application. However, the difference between the
For many small businesses, the key to growth and stability is signing that one game-changing deal with a substantial client. They have to know where to look for the most lucrative opportunities. Unfortunately, business owners tend to disregard a considerable source of revenue for smaller businesses altogether. Believe it or not, the United States federal government must routinely purchase goods
The concept of business bankruptcy was invented to help businesses deal with hazardous levels of debt. Depending on your debt’s severity, filing for bankruptcy could be the most logical solution for keeping your business alive. In some cases, filing for bankruptcy is more of a strategic move than a last resort. It might allow the company to recover without the
The biggest misconception many small business owners have about business credit is that they have a business credit profile. What’s more, of those business owners aware and mindful of their business credit, many of them have likely never heard of the FICO SBSS Score or FICO Small Business Scoring Service.
