Business owners who need financing may wonder whether they are better off getting a personal loan or a business loan. The truth is, there isn’t a simple answer to the business loan vs personal loan conundrum. Both can be used to fund small business needs, though there are reasons why you may want to choose…
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6 Best Small Business Loans for Veterans 2020
You’ve served our country, and now you need a loan for your small business. We’ve identified the six best small business loans for veterans. Whether you need seed money for a startup or a short-term loan for working capital, these loans are set up with features and benefits specifically for veteran-owned businesses. Top 6 Small…
What Is a Small Business Grant & How Does It Work?
Small business grants are sums of money given to a small business by another entity without an expectation of repayment. Qualification requirements vary by the grant opportunity, and the application process is competitive. So while a grant can be very beneficial to your business, it’s not guaranteed you will be selected to receive funding. How…
Staffing & Payroll Factoring: How It Works & Top Companies
Staffing factoring, also known as payroll factoring, is a financing tool for staffing agencies that converts unpaid invoices into immediate working capital. Staffing factoring companies will typically advance 85% to 90% of an invoice’s value immediately. The remaining balance will be given to the staffing agency, minus the factor’s fees after the client has paid…
6 Best Payroll Loans for Small Businesses 2020
Payroll loans are short-term loans that small businesses can use to cover employee wages. Lines of credit are the most common solution; however, business owners can also use invoice financing, short-term loans, and merchant cash advances as a last resort. Each option has trade-offs, and the best one is accessible and affordable to the business….
5 Best Credit Repair Companies 2020
The best credit repair companies dispute inaccurate and negative items on your credit report in order to increase your credit score. The companies listed are registered with the Better Business Bureau (BBB) and have high customer reviews. Memberships are usually charged on a monthly basis and range from $79 to $119.99 per month. Top 5…
10 Eye-opening Crowdfunding Statistics 2020
Crowdfunding is a popular method of raising funds for startup business expenses, charities, and personal causes. While funding isn’t guaranteed, crowdfunding statistics show us that a strong pitch and continued communications throughout your campaign can increase your chances of success. The ten most eye-opening crowdfunding statistics are:
What is Equipment Financing?
Equipment financing is used by business owners to enable them to acquire equipment—like machinery or vehicles—for their business. Small business equipment financing may be in the form of a loan or a lease. This type of funding allows businesses access to expensive hard assets they would not otherwise be able to afford. What Equipment Financing…
Headway Capital Business Loans & Top Alternatives 2020
Headway Capital is a direct online lender that offers a business line of credit. It refers to it as a True Line of Credit because of its monthly payments, 24-month repayment terms, and small APR range. The Headway line of credit is expensive, only offers funding up to $100,000, and has low minimum qualifications. Headway…
The Current Ratio: Formula, What It Is & How to Calculate It
The current ratio—sometimes called the working capital ratio—measures whether a company’s current assets are sufficient to cover its current liabilities. A higher number indicates better short-term financial health, and a ratio of 1-to-1 or better indicates a company has enough current assets to cover its short-term liabilities without selling fixed assets. How the Current Ratio…
5 Best Accounts Receivable Financing Companies 2020
Accounts receivable (A/R) financing companies can provide fast, affordable funding to smooth out a small business’s cash flow or provide access to short-term working capital. A/R financing is based on the value of outstanding receivables. We reviewed more than 20 invoice financing companies and selected the six best. Best A/R Financing Companies *Last Updated: January…
6 Best Restaurant Equipment Financing Companies 2020
Several different types of restaurant equipment financing are available to business owners, depending on the amount of financing needed, your time in business, and your credit as well as annual revenues. Choosing the right type of equipment financing for your restaurant may also depend on whether you’re an existing business or a startup. is our…