Andrew Wan

The best business plan software walks you through creating an effective plan to help you get approved for loans or secure funds from investors. It should help you write various sections and commonly include the ability to make financial projections, conduct marketing research and analysis, and create miscellaneous charts and graphs to illustrate complex data…

The best business plan writing services will have a track record of helping their clients get funding from investors and qualify for small business loans. Components of effective business plans commonly include accurate financial projections, thorough analyses of the market and leading competitors, and insights into marketing strategies for specific products and services. Since the…

Business owners looking to start in the coffee industry will be happy to hear that it is thriving. That said, it’s still important to have a solid understanding of the market to ensure your success. I’ve researched the industry and compiled a list of 19 coffee statistics that provide insight into various aspects of the…

Editorial and Partnership Disclosure The best business credit cards with airport lounge access will provide free or discounted access to airport lounges. While many will carry an annual fee, these credit cards often carry premium travel perks, such as credits for TSA PreCheck, complimentary elite status at hotels, priority boarding, free checked bags, and more….

Guidant Financial provides funding solutions for small businesses and franchises. It’s perhaps most well known for its Rollover for Business Startups (ROBS) product, which allows retirement funds to be accessed tax- and penalty-free. However, Guidant Financial also offers other products and services, such as Small Business Administration (SBA) loans, unsecured loans, portfolio loans, and equipment…

Multifamily financing is commonly used to refinance, acquire, or cover construction costs on a multiunit property. Construction costs can include repairs, renovations, and other upgrades made to land and existing buildings. Eligible properties can vary depending on the lender you choose, but usually encompass any property with more than one unit such as duplexes, triplexes,…

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…