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The 4 Worst Reasons to Take Out a Business Loan

worst reasons to take out a business loans

By Ben Goldstein Before you take out a loan for your business, you have to ask yourself one question: Will this money help my business grow? If the answer is yes, you’re golden. But if you’re only looking to sustain a sinking operation or slap a band-aid onto a larger financial problem, then getting yourself […]

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Three Ways to Fund Your Small Business Without Collateral

Business Financing Without Collateral

By Berrak Sarikaya, Lendio Lending money can be a risky business, which is why most traditional lenders require borrowers to put up collateral for a loan. Collateral is simply a valuable asset, such as your house, car, or even a savings account in your name. In the event you’re unable to pay back your loan, […]

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Is A Short-Term Loan The Best Fit For Your Business?

When unexpected life events happen, sometimes you’re prepared and sometimes you’re not. As a small business owner, not only are you handling the curveballs that life throws your way, but also the unexpected challenges of business ownership. What happens when you’re not financially prepared for these situations? If you’re a small business owner, cash flow […]

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Rejected For A Loan? Do These 9 Things Right Now

Upset business owner recovering from a rejected loan application/

Having your loan application rejected is a wake-up call that your credit or business health isn’t as strong as you thought (or hoped) it was. It can be a very demoralizing experience—especially if you were counting on that financing to sustain your business operations. When a loan application is denied, it can usually be traced […]

Small Business Loan Terminology — Speak the Language, Save Money

Business Loan Terminology

When you’re applying for financing, all the business loan terminology can be overwhelming. Here are a few lending terms that you’ll encounter along the way.

Applying for a Business Loan? Avoid These 5 Mistakes

Just a few small mistakes on your loan application can kill your chances of being approved. Here's how to raise your odds when applying for a business loan.

Will Student Loan Debt Affect Your Small Business Financing?

Unpredictable revenue coupled with a monthly student loan burden does not make for an attractive borrower profile. Here’s how to put your best foot forward.

5 Common Uses of Emergency Small Business Loans

No matter how financially stable your business is, there’s always the risk of an unexpected emergency that costs you more money than you have on hand.

7 Ways to Manage and Increase Your Small Business Cash Flow

If you find yourself short on the funds necessary to run your business, consider the following proven methods to increase your small business cash flow.

Can Social Media Affect Your Credit Score?

Financial statements can tell a lot about your company — but if your business is young, this information may be limited. That’s where social media comes in.