Self-storage financing is used to finance the purchase, renovation, or construction of self-storage units and commercial real estate buildings. The most popular self-storage loans are conventional bank loans, SBA 7(a) loans for commercial real estate, and SBA 504 loans. Other alternative loan options exist but typically are meant for short-term financing. is one of the…
All Financing Articles - Page 16
Borrowing Base: What it is & How to Calculate
Borrowing base is a metric determined by the value of assets you have available to pledge as collateral for a loan. It is equivalent to the maximum loan amount a lender will offer based on a given set of assets. The total asset value is multiplied by the lender’s discount rate to determine the borrowing…
Small Business Loans: Find Your Best Financing Options
Selecting the best small business loans can be a difficult process for business owners. They should evaluate all of their options, determine their criteria, and get ready to apply. Business owners should expect to pay rates between 7% and 150% with repayment terms up to 25 years for these financing options. Best Small Business Loan…
Startup Business Loans 2020: The 12 Best Ways to Fund Your Startup
Qualifying for a business loan as a startup can be difficult. Entrepreneurs often need to utilize multiple financing sources to get their new startup off the ground. Startup business loans can take many forms, including SBA loans, angel investment, or Rollovers for Business Startups (ROBS), and each is unique in what they offer to startups….
6 Best Equipment Financing Companies 2019
Businesses that need equipment have several equipment financing methods to choose from, including equipment loans and equipment leases, Small Business Administration (SBA)-backed loans, unsecured term loans, and lines of credit. We analyzed more than 20 providers and to create our list of the top six equipment financing companies. Top 6 Equipment Financing Companies 2019 How…
Equipment Loans – How They Work & Where to Find One
Equipment loans help businesses finance equipment such as vehicles and heavy machinery and are secured by the asset being financed. Equipment loans are available from a variety of providers, including traditional banks and alternative lenders. Rates typically range from 6% to 9%, depending on qualifications, and lenders generally charge origination fees between 1% and 3%….
Business Auto Loans: The 7 Best Lenders Compared
Business auto loans offer companies the opportunity to finance vehicles to complete a job, transport employees, and bring customers to their business. Traditional and online lenders offer commercial auto loans with varying minimum requirements, repayment terms, and funding amounts. We conducted an auto loan comparison based on these criteria and selected seven top options. Top…
How to Get a Loan to Buy a Business
Most people need a loan to buy a business. Borrowers should expect a down payment starting at 10%, interest between 5% and 10%, and terms between three and 25 years. Most loans have underwriting or closing costs, and borrowers should expect to pay on average 2% to 3% of the total loan amount at closing….
Apple Business Financing: How it Works & Compares to Other Lenders
Apple business financing is an equipment lease that lasts 12 to 36 months and is available to businesses on transactions starting at $4,000. Two lease types are available—fair market value (FMV) and $1 buyout—based on whether you intend to keep the equipment or trade it in at the end of the lease. Apple Business Financing…
How to Crowdfund Your Small Business
To successfully crowdfund your small business you will need to select the type of crowdfunding that best suits your needs as well as a platform to host your campaign. When you set up the campaign you will need to tell a compelling story and adequately describe how your product or business can benefit potential backers….
How to Get a Business Loan With Bad Credit in 5 Steps
Business owners with low personal credit scores who face cash shortages wonder how to get a business loan with bad credit and no collateral. By identifying the factors lenders consider in the application, evaluating financing options, and submitting an application, borrowers can maximize their chances of getting a bad credit business loan. offers a line…
How to Get Food Truck Loans in 8 Steps
Food truck loans allow businesses to borrow needed funds for the purchase of a new or used food truck. The loan is secured by the asset being financed. Because the vehicle is a specialty vehicle and has been built to serve, store, and potentially prepare food, the cost of the vehicle will typically be higher…