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Money Saving Tips to Help You Pay Off Business Loans
Paying off commercial loans can seem like a daunting task. However, with careful planning and attention to details, it can become far easier to manage. Here are some of our favorite tips to help you pay off your business loans quickly.
Your Business Credit Score
Credit scores may be complex, but they play a pivotal role when you apply for commercial financing. Understanding how your commercial credit is calculated, and what you can do to improve it, positions you to easily obtain funding when your company needs to grow.
Bridge Loans – How to do them right
Bridge loans are a powerful tool to further corporate growth, but if executed incorrectly they can also prove extremely expensive for your company. Simply put, a bridge loan is a temporary loan that is obtained while the borrower waits for approval for a long-term loan. There are various reasons that bridge loans can be difficult to work with, from terminology to timeline, but understanding how to implement them correctly can save you a lot of time, headache, and expense.
Should you be worried about a trade war affecting your commercial loan
President Trump’s potential trade war with China and other countries has been dominating the news as everyone tries to figure out if the trade war will have an immediate impact on their lives. At the forefront of those searching for answers are small business owners whose companies may be impacted by a loss of revenue or importation of much-needed supplies.
Picking a Commercial Loan Broker: How to Find the Best Partner for Your Needs.
Getting the capital, you need to run your business is a daunting task. Banks can be frustrating to work with and finding a loan on your own can seem impossible. Commercial loan brokers can be a middle ground between the strict requirements of a bank and an overwhelming challenge of going it alone.
Factoring and Accounts Receivable Options
Accounts receivable financing, also known as factoring, is a less familiar form of commercial financing for many business owners. This unique solution uses money owed to a company as collateral to secure the financing. There are a variety of options, so let’s see how the pros and cons line up for each.
Is Hard Money Lending the Right Option?
Hard money loans are a unique source of capital for small businesses. They offer very rapid funding and don’t rely on your credit history, so they might be a great fit. But they also carry higher fees than many types of financing, so it’s important to make sure they really are the right option for your needs.
Inventory Financing: What it Means and How It Works
Inventory financing is a form of asset-based financing. This financing keeps businesses growing by providing the funds needed to purchase inventory for future sale. The