Andrew Wan

Tired of fraudsters stealing your credit card information and using it to make purchases on your account? Enter virtual credit cards, one way to combat this type of fraud! So what is a virtual credit card? A virtual credit card is like a substitute for your regular credit card, but it’s still linked to your regular,…

If you run a pressure washing business, getting insurance is something you shouldn’t overlook. Pressure washing insurance can protect against liability from accidental damage to customer property, bodily injury, loss of business equipment, and more. While it might seem like an unnecessary expense, it can prevent you from undergoing serious financial hardship if accidents occur….

Although it adds to the cost of running a business, general liability insurance is not something I recommend skipping out on. It protects against risks that could force a company into bankruptcy or serious financial hardship, such as bodily injury, property damage, and personal and advertising injuries. With that said, policies of this type can…

American Express has a wide offering of personal and business credit cards that have annual fees ranging from $0 all the way up to $895. Cards that carry an annual fee often have a slew of benefits to make them worth the cost. However, if your spending habits have changed, you’re having trouble affording the…

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…

A prepayment penalty is a fee that a lender can charge if you pay off or pay down a loan by a certain amount before a specified date. In order for a lender to charge a prepayment penalty, it must be disclosed upfront in its loan agreement. It must also specify the specific conditions in…

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…