Not all businesses are ready for a loan, and it takes specifics before applying. You must be in good financial health and for example, not seeking funds to pay for staff before applying for a business loan. Learn more about if you’re ready to apply for business loan.
You have to have a vision and be confident that an additional investment will generate new profits for you to increase your business growth, but that’s not the only indicator required to apply for a business loan. Check out this prime example when it’s a good idea that a small business owner borrows money in this post.
Merchant cash advances offer small businesses a quick and simple way to leverage working capital. Because MCAs are repaid from a portion of your daily or weekly sales, hiring employees to help grow your business can allow you to repay your funding faster than other small business loans like Canada Small Business Financing Program loans.
Low revenue is one of the reasons why businesses have a hard time getting a loan, but in this post, we share what lenders look at and things you can work on to ensure you get approved.
There are no restrictions on how merchant cash advance funding can be used, so law firms can use MCAs however they see fit. In this post, we’ll explore 7 ways law firms can use merchant cash advance funding to fuel their growth.
It’s important to know the conditions of a loan before finalizing your application, and this includes whether what you spend your loan on will be visible by the lender in the bank or not. Find out in this blog post!
Business loan funds can be used for new equipment, marketing, expansion, etc. We share some ways you can use your business loan funds to make more money and why it’s important to have an idea in place before you apply for a loan.
Compare business loan options and offers online from this website we recommend if you’re seeking to obtain business financing.
Most small business owners that use Smarter Loans for help in connecting with lenders are able to secure financing for hundreds of thousands of dollars. We share more details in this post to determine the various loans we help people achieve.
You can expect to pay around $83.33 per month if you have a $10,000 loan with a 10% annual interest rate, but this is an interest calculation. We share how to determine your monthly payment on the type and amount of loan you’re seeking with our business loan calculator here!