Andrew Wan

The decision to file bankruptcy as a business owner is not an easy one to make. Filing bankruptcy is a time-consuming and expensive process, and one that can be a black mark on your credit, making it difficult to secure loans or other sources of funding in the future. However, if you truly cannot afford…

Before pursuing venture capital (VC) funding for your business, you should consider the various pros and cons and how they may be applicable to your company. We’ve compiled a list of venture capital advantages and disadvantages for your consideration. What is venture capital? Venture capital is a way to raise money for your business. Funds…

The best peer-to-peer lending platforms will vary depending on your specific circumstances, but should offer sufficient funding amounts, along with a wide range of repayment terms. The best options should also make it easy to apply for funding, and carry flexible eligibility criteria. In past years, a number of P2P lenders have decided to exit…

An LLC loan is any type of small business loan issued to a business structured as a Limited Liability Corporation (LLC). An LLC is one of several legal tax structures a business can operate as, with examples of other options including sole proprietorships, partnerships, and S corporations. LLC loans can be used for many different…

Lenders with the top food truck financing programs should be able to provide funding for your food truck and its related costs, such as working capital, inventory, and other equipment. Depending on your specific needs, top lenders should offer a combination of competitive rates, loan terms, and flexible qualifications. They may also have easy application…

Asset-based lending is a method in which a business borrows money by using its assets as collateral for a loan. By pledging collateral in exchange for a loan, it gives the lender the right to take possession of its assets in the event of a default. Assets can commonly include things like vehicles, machinery, equipment,…

The Small Business Administration (SBA) is a government agency that has a mission of supporting small business owners, whether it is helping them recover, open up shop, or expand. Through its SBA loan programs, it insures many loans offered through private lenders, something that allows SBA loans to have competitive rates due to the reduced…

Depending on your circumstances and needs, the best self-employed business loans will have either flexible qualifications with high approval rates or competitive interest rates and loan terms. These companies also tend to combine those characteristics with excellent customer service, given that self-employed individuals can have complex finances that tend to make it difficult to evaluate…

Self-storage financing is a method of obtaining funding to acquire, pay for improvements, or build self-storage units. This commonly involves some sort of loan, which is available from many different sources such as banks, business loan brokers, credit unions, and online lenders. Lenders offering self-storage financing usually have specific loan programs that dictate what loan…

Owner financing describes a type of real estate transaction in which the seller of the property acts as the lender. In other words, the seller of the property agrees to provide ownership of the property to the buyer, and in exchange, the buyer makes loan payments to the seller instead of a traditional bank. Owner…

An amortization schedule is a table or chart that shows each loan payment throughout the life of the loan. These payments are broken down to show how much will be allocated to the loan’s principal and accrued interest charges, as well as the new loan balance after each subsequent payment. A schedule can be used…

Mixed-use loans are used to finance a piece of real estate that has a combination of uses or zonings, such as a property with a mix of residential, commercial, agricultural, or industrial uses. They can primarily be categorized as commercial, government-backed, or short-term and may have repayment terms as short as several months to as…