business tips and tricks

How a Business Line of Credit Should Be Used

Often, entrepreneurs ask how a business LOC should be used. In previous articles we have primarily focused on the different types of business lines of credit and how they can be used in conjunction with startup operations of a business. However, in this article, we will shift our focus on how a business line of [...]

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Business Loans and Business Planning

most financial institutions will require that you have a properly prepared business plan that showcases your business, your usage of business loan funds, the industry in which you are operating within, how you intend or how you will continue to market your business, and the expected financial results of the business over the next three [...]

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Cash Flow Based Business Loans

Much like our discussion regarding unsecured business loans, this article will focus on business loans that are primarily secured by the cash flow of your business or your personal income.  it is imperative to understand how much of a business loan you can afford to undertake. This includes not only your current income, but also [...]

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Business Loan Brokerages: Pros and Cons

You may be aware of this, but there a number of firms that can actively assist you as you. These firms are commonly known as loan brokerages. They work in a very similar capacity to that of a mortgage brokerage firm but with a specific focus on business loans. However, before engaging a business loan [...]

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Incorporation and Business Loans

There is a common misconception that simply having a corporation can absolve you from liability regarding business loans acquired for your business. This could not be less true. In today’s lending environment, most banks and finance companies will require a full personal guarantee before providing you with a business loan or other type of business [...]

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