Credibly

FEBRUARY 2, 2024

Choosing the right source – be it traditional banks, SBA loans, crowdfunding, or alternative lenders – is key to unlocking the potential of your business,” said Credibly Founder Ryan Rosett. In this blog, we’ll likewise help you identify your capital options and the most common resources for capital that small businesses like yours rely on.

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Invoice Amount Credit Scoring Credit and Collections Small Businesses 52

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Getting a business loan sounds simple — until you realize how many types of loans exist and how many lenders offer those loans,” says business.org.

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Small Businesses Credit Scoring Credit and Collections Default 90

Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. For example, in 2017 the SBA helped connect entrepreneurs with 68,000 loans through the 7(a) and 504 loan programs alone. How SBA Loans Work With a traditional loan, you directly approach a lender and request financing.

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Credit and Collections Credit Scoring Nonprofit Organizations Default 87

Lendio

MARCH 31, 2023

Assets, liabilities, and equity are the three account types on your business’ balance sheet. This means that the sum of all your business’ asset accounts must equal the sum of all your business’ liability accounts, plus the sum of all your business’ equity accounts. Now, what if you take out a loan for an additional $5,000 in cash?

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Small Businesses Transactions 52

Credibly

NOVEMBER 8, 2023

In this blog, we’ll go into what mezzanine financing is, what businesses use it for, some of its benefits and disadvantages, and if bridge loans and mezzanine financing are, in fact, the same thing. Mezzanine debt, on the other hand, is a form of debt, that is between debt and equity. Hint: They’re not.

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Default Small Businesses 52

Lendio

OCTOBER 27, 2023

In this blog post, we’ll explore some of the most popular choices for how to get money to start a business. Examples of bootstrapping include working from home, relying on personal savings, using free or inexpensive marketing channels, and building your product or service in-house. Let’s dive in.

Credit Unions 52

Credit Unions Small Businesses Credit Scoring Transactions 52

NorthOne

NOVEMBER 30, 2023

Electrical rewiring, plumbing adjustments, and installing safety equipment can escalate costs. Let’s look at what getting fully equipped entails from a cost standpoint: Essential equipment. Your services dictate your equipment needs. Traditional bank loans. They offer various business loans that you can utilize.

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Small Businesses 52

The Red Spectrum

MAY 16, 2023

Small business loans can be a lifeline in such cases, providing the necessary funds to fuel growth and meet various business needs. Understanding Small Business Loans Small business loans are financial products designed specifically to support the funding needs of small and medium-sized enterprises (SMEs).

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Small Businesses Credit Scoring 55

Lendio

APRIL 14, 2023

One is that it can give you the flexibility to adapt the building to your needs and/or expand your operations. Another compelling argument in favor of purchasing a commercial property is that doing so can help you build equity, which is an obvious disadvantage to renting. How much foot traffic are you hoping to attract?

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Deductions Small Businesses 52

Lendio

MARCH 13, 2023

For example, your asset accounts could include cash, receivables, property, and equipment. They belong on the bottom half of the balance sheet with equity accounts. For example, accounts payable, business loans, and credit card balances are liability accounts. For example, revenue, sales, and other income are income accounts.

Transactions 52

Transactions Small Businesses 52

The Red Spectrum

MAY 4, 2023

In this blog post, we’ll discuss why startup funding is crucial for small businesses, the various options available to secure funding, and some tips on increasing your chances of obtaining funding. Most small businesses need funding to cover startup costs, such as equipment, inventory, marketing, and other expenses.

Small Businesses 52

Small Businesses Credit Scoring 52

Lendio

OCTOBER 11, 2023

Keep in mind the cost of ingredients and equipment needed to execute your menu items efficiently. If you need to raise money from investors for your restaurant or apply for a business loan, your business plan will come in handy. The benefits of bootstrapping include avoiding debt and maintaining control and equity.

Small Businesses 52

Small Businesses 52

Lendio

MAY 30, 2023

Franchise funding is a loan designed to assist individuals in funding the purchase of a franchise location. Business loans can finance a new franchise location, but certain loans and lenders are a better fit for franchise businesses. Here is your step-by-step guide for finding the right loan for your franchise.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses 52

Lendio

NOVEMBER 15, 2023

Purchase your supplies and equipment for your food truck. When you’re just starting out, you might not yet qualify for a business term loan, but there are a variety of financing options to help you get your food truck up and running. Even your point-of-sale (POS) system can be paid for with equipment financing. Secure financing.

Credit and Collections 52

Credit and Collections Transactions 52

Lendio

APRIL 19, 2023

Here are the categories, plus some examples of general ledger accounts that usually fall into each one: Assets – These are the resources with positive economic value that your business owns (Ex: cash, accounts receivable, and equipment). Equity – This is the difference between your business’ assets and liabilities.

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Transactions Small Businesses 52

Credibly

AUGUST 16, 2023

Table of Contents Types of dump truck loans and financing options How to qualify for dump truck financing Looking at leasing a dump truck, rather than buying? Dump truck loans for a better business Dump trucks are a key, critical tool from industries like infrastructure all the way to construction—and that’s just the tip of the iceberg.

Credit Scoring 40

Credit Scoring Deductions Small Businesses 40

Lendio

MAY 4, 2023

Physical assets must be large (Ex: property, plant, and equipment). Capital expenditures include building a new manufacturing facility, purchasing new equipment, or upgrading technology. These can include measures such as earnings per share, return on investment, and debt-to-equity ratio, among others.

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Lendio

APRIL 19, 2023

To get started in real estate photography, you’ll need some background knowledge in photography (whether through a degree program, work experience, or self-study) as well as basic camera and editing equipment. Building relationships with other agents can lead to referrals, increasing your success. Learn more in our guide.

Brokerages 52

Brokerages Credit and Collections Deductions 52

Fundera

AUGUST 18, 2017

Getting a small business loan is a big step. The thought of giving up precious cash flow to service a loan can be pretty intimidating. Every dollar that flows through the business is precious capital that can be used to build the operation or sustain the livelihood of the business owner. Have a Plan.

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Small Businesses 72

Lendio

MAY 17, 2023

Most locations are franchises run by a franchisee who pays the McDonald’s corporation to use their brand name, equipment, ingredients, processes, etc. Franchises only work because the franchisor has garnered enough brand equity or other proprietary value to pass on to other locations. An example of a franchise is McDonald’s.

Default 52

Default Small Businesses 52

Lendio

JANUARY 12, 2023

Most locations are franchises run by a franchisee who pays the McDonald’s corporation to use their brand name, equipment, ingredients, processes, etc. Franchises only work because the franchisor has garnered enough brand equity or other proprietary value to pass on to other locations. An example of a franchise is McDonald’s.

Small Businesses 52

Small Businesses 52

Abrigo

MAY 8, 2015

There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations. Curry added, “What worries me is the way that the regulatory rulebook builds up over time, adding layer after layer of requirements that can be quite onerous for small banks.”

Credit Unions 60

Credit Unions 60

Lendio

OCTOBER 26, 2023

A traditional business loan can be difficult to get without collateral. Many lenders may be unwilling to approve you for a business loan unless you can offer some sort of asset—such as real estate or equipment—which you agree to surrender if you’re unable to repay the funds you borrow.

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Small Businesses Credit Scoring Credit and Collections Default 83

Lendio

OCTOBER 11, 2023

Kitchen equipment and furnishings – This includes everything from ovens and stoves to commercial refrigerators and dishwashers. Equipment and supplies Now that you have the location, you’re going to need the equipment to get cooking and serving.

Small Businesses 52

Small Businesses Transactions 52

Prosper

FEBRUARY 13, 2023

Customarily, the equity you build in your home far outstrips the cost of ownership over time, but before you buy a home, you should consider if you have the budget to maintain it and absorb the costs as they occur. You can cancel PMI after reaching an 80% loan-to-value (LTV) ratio (i.e.,

Credit and Collections 52

Credit and Collections 52

Lendio

DECEMBER 11, 2022

There are two primary reasons you may want to refinance your small business loan: lowered interest rates or a major shift in the market. So what do you need to know about the refinancing process and how can you refinance existing small business loans ? What Does Refinancing A Business Loan Mean? How To Refinance A Business Loan.

Credit Scoring 52

Credit Scoring Bankruptcy Small Businesses 52

Lendio

MARCH 31, 2023

Let’s review what you should know about the fundamentals of double-entry accounting to accurately record your company’s activities, build its financial statements, and interpret its data to inform your decisions. Conversely, income, gains, liabilities , and equity accounts increase when you credit them and decrease when you debit them.

Transactions 52

Transactions Small Businesses 52

Fundera

SEPTEMBER 5, 2020

Otherwise, a term loan can provide a quick cash infusion for larger, one-time expenses, such as purchasing a piece of equipment, hiring staff, or purchasing real estate. Another common source of funding for this stage of your business is to seek equity investors or venture capital. You’ll only pay interest on the funds you use.

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Small Businesses 63

Fundera

MAY 24, 2016

If you’re looking to build a business that grows and has a serious impact on its employees, invest in company culture, customer service, and happiness across the board—and your business will thank you. Want to know whether you should self-finance or look for equity or a loan? Delivering Happiness. Warrior Forum.

Small Businesses 76

Small Businesses 76

Fundera

JUNE 20, 2016

If you’re looking to build a business that grows and has a serious impact on its employees, invest in company culture, customer service, and happiness across the board—and your business will thank you. Want to know whether you should self-finance or look for equity or a loan? Delivering Happiness. Warrior Forum.

Small Businesses 76

Small Businesses 76