Lauren McKinley

Common business loan terms or criteria can vary based on the type of financing you seek—such as term loans, business credit lines, equipment financing, and merchant cash advances. Depending on the loan type, various terms and conditions of the loan can be applicable and are often influenced by the lender’s risk tolerance and your creditworthiness…

If your business uses Apple products as part of its operations, Apple offers a business financing program that can provide affordable leasing options. Depending on the lease type you need, you can either return the equipment at the end of the term or opt to retain ownership. Apple has partnered with FCB to provide financing…

A variable interest rate, which is also commonly known as a floating or adjustable rate, is used as part of a financing agreement that represents a rate of interest that can change periodically. In contrast with fixed rates that have the same interest rate over a term, variable interest rates can fluctuate based on market…

An investment property line of credit is a revolving credit facility that allows you to request funds via a draw, have the funds deposited to your account of choice, and use the funds on an as-needed basis. For an investment property, a line of credit can be used to finance property improvements, repairs and upgrades,…

Small Business Administration (SBA) loans typically involve a heavy amount of documentation and getting approved can take between 45 and 90 days. Working with an experienced SBA lender, however, can help streamline the process and get you funded more quickly. The 7(a) program is the most popular type of SBA loan, so we’ve compiled a…

A loan is considered to be delinquent when the borrower has missed one or more payments and is behind on their repayment schedule. Generally, a delinquent loan means that the borrower has broken the terms of their loan agreement and will likely be charged a late fee and have the delinquency reported. In this stage,…

Small Business Administration (SBA) loans are still one of the more affordable financing options that offer favorable rates and terms to qualified borrowers. SBA loan interest rates are reviewed periodically and can vary depending on the type of SBA loan, the lender, and the required business qualifications. While these rates have been trending upward over…

Getting financing for a cannabis business can be a challenging endeavor since many lenders are unable to lend within the industry due to state and federal regulations. However, there are a few ways to secure funding for a cannabis business depending on your needs. We’ve compiled a list of potential financing options that may be…

Getting the best commercial real estate loan rate will depend on your qualifications as a borrower and the loan type you’re looking to get to finance your real estate investment. Rates will vary depending on the lender and loan details, so it’s best to consider several options. Commercial real estate loans can be obtained from…

The best personal loan for business should provide flexible qualification requirements, low rates and fees, and quick access to funds. For businesses ineligible for traditional business financing, this alternative route may be easier to qualify for. However, while getting those approvals can be easier, they may come at the cost of higher rates. Here are…

There are forms of collateral that are more common than others, which are often associated with the loan type you choose. We’ve compiled the most common types of collateral that may be requested when applying for a business loan: real estate, cash, investments, blanket lines, equipment, inventory, and invoices. 1. Real Estate For mortgages, the…

A balloon payment is the final amount due following a repayment structure that has a series of smaller monthly payments, with a larger lump sum due at the end of the loan term. Monthly payments can be interest-only or include principal, and the remaining principal amount is to be repaid in full with the last…