Andrew Wan

Characteristics of the best crowdfunding site for your small business will vary depending on your specific needs and circumstances. However, many will have a combination of low fees, a long timeline for raising funds, flexibility in allowing for a wide range of business types, and more. You can also see many offering additional support resources…

Although the best commercial bridge loan depends on your specific needs, many will have a combination of competitive rates, flexible repayment terms, and funding speeds as fast as several days. Depending on the strength of your credit and finances, the best lenders may also have flexible eligibility criteria. I have researched multiple companies offering commercial…

Merchant financing is a way for a business to get a lump sum of funds, with repayments generally determined by a percentage of the company’s sales. This source of funding tends to be easier to get as eligibility criteria are less strict for things like credit score and time in business. The tradeoff, however, is…

If you’re having trouble getting approved for a traditional loan, merchant financing can provide you with the funds needed to cover daily expenses or other funding needs. It is typically easier to get and rarely requires any additional collateral since your sales are considered collateral for the loan. Additionally, since repayments are often calculated based…

SBA Form 912, the Statement of Personal History, is a document designed to determine eligibility for SBA funding based on things like a borrower’s character and reputation and must generally be completed by business owners and certain individuals who manage major daily operations of the company, regardless of the type of SBA loan you’re getting….

Cost of debt is a figure that shows how much you’ll pay for borrowing funds. It can be calculated as either an annual pre-tax percentage or an annual after-tax figure by using your company’s tax rate. The pre-tax figure can be calculated by taking the sum of your annual interest payments and dividing that number…

A mortgage loan-level pricing adjustment (LLPA) is an adjustment to the costs involved with getting a home loan. LLPAs are usually based on the characteristics of a loan—such as the loan amount, property type, down payment amount, credit score, and occupancy type. The amount of the adjustment can vary based on the loan program and…

Many of the best small business loans for veterans offer specific discounts or pricing incentives for qualifying military service members. You may also find that these lenders also provide resources for growing your business, along with financing options that carry competitive rates and flexible qualifications for things like credit score, time in business, and business…

The best solo 401(k) providers will vary based on your unique circumstances. However, many will have a track record of providing a high-quality product, evidenced by consistently high customer reviews and ratings. Since the best solo 401(k) provider will depend on your specific needs, we’ve selected companies that offer a wide range of investment options,…

The cash ratio measures a company’s ability to pay its short-term debts using only cash and cash equivalents. It’s one of many financial ratios that investors and lenders use to measure the health of a business and the risk of lending it additional money. The cash ratio is calculated by taking the sum of a…

The Small Business Administration (SBA) 504 loan program provides funds for major fixed assets that will subsequently help grow a company or create additional jobs. Getting an SBA loan can be a complex and time-consuming process, which is why working with an experienced lender can be crucial to ensure that you get approved—and in a…

While the best working capital loan may vary depending on your specific business needs, many will have a combination of low rates, flexible qualification requirements, and excellent customer service. Other common features include easy paperwork requirements, quick funding speeds, and a fast application process. Working capital loans will allow you to use funds for nearly…