Angel funding means raising money from nonprofessional investors who invest their personal money in exchange for part ownership in your business. Generally speaking, angel funding is less formal and takes less effort than raising money from professional investors such as venture capitalists. Knowing how to raise angel funding increases your chances of securing financing. What…
All Financing Articles - Page 19
OnDeck vs Funding Circle: Costs, Terms & Which Is Best in 2020
OnDeck and Funding Circle offer short-term working capital loans up to $500,000, but each is best for different businesses. OnDeck is best for businesses needing quick funding because they can fund in as little as one day. Funding Circle has a longer-term solution for prime borrowers, offering interest rates as low as 4.99%. When to…
SBA Guarantee Fee & Other SBA Loan Fees
The Small Business Administration (SBA) charges a guarantee fee on SBA 7(a) loans. This guarantee ensures lenders against loss if the borrower defaults on the loan. The amount of the SBA guarantee fee varies based on the loan amount. In addition to the SBA guarantee fee, there are other fees charged on SBA loans. If…
How to Fund Your Mobile App: 8 Best Options 2019
There are a number of options available for app funding. For apps in early startup, using retirement savings, personal loan, crowdfunding, or angel investors may be a good app funding choice, while an SBA loan, revenue-based financing, an online business loan, or venture capital may be better sources of app funding for growth. A rollover…
What Is a Microloan and How Can Your Small Business Benefit?
A microloan is a small loan, generally up to $50,000, made to startups and emerging small businesses. These loans are offered by nonprofit organizations known as microlenders. Microloans typically have repayment terms of up to seven years and offer favorable interest rates that are lower than those available through online lenders. What Is a Microloan?…
How to Get a Small Business Loan in 4 Steps
Finding a small business loan is a necessity during business growth, but it can be difficult to find a loan you qualify for. The four basic steps for how to get a small business loan include evaluating your loan options, determining your eligibility, finding the right lender, and applying for the right loan. How to…
6 Best Purchase Order Financing Companies in 2020
Purchase order (PO) financing is a working capital solution used to fund inventory for outstanding customer orders. Purchase order financing companies directly fund suppliers for the manufacture and delivery of products to your customer. Businesses then send invoices to their customers, who send their payments directly to the PO financing company. Top 6 PO Financing…
Is Intuit QuickBooks Capital Right for Your Small Business?
Intuit QuickBooks Capital offers short-term loans in amounts up to $100,000. These loans carry expected APRs ranging from 12% to 32% and repayment terms up to 12 months. If you use QuickBooks Online, have a credit score of at least 620, and annual revenues of $50,000 or greater, you may be eligible. Small business owners…
12 Best Women Owned Business Grants 2019
Business grants for women are financial incentives given to women-owned businesses. Grants are not loans, and are not required to be repaid once they’ve been awarded to you. Grants for women starting a business are offered by corporations or special interest groups, with goals to help female entrepreneurs succeed in growing and developing their businesses….
6 Best SBA Loan Providers for SBA Loans Under $350K in 2019
Finding the provider that offers the best SBA loans under $350K can be a challenge. The top lenders are often ranked by their total SBA loan volume but don’t typically indicate funding size. We’ve evaluated SBA loan providers to determine the top six for SBA loans under $350K. Best Overall SBA Loan Provider Under $350K:…
PayPal Working Capital & Alternatives: The Ultimate Guide
PayPal Working Capital offers quick small business working capital loans to borrowers with at least $15,000 in annual PayPal sales. PayPal Capital charges an upfront fee of up to 10%; you make payments through daily deductions of PayPal sales and it bases your repayment term on a percentage of your PayPal earnings. PayPal Working Capital…
Square Capital & 6 Top Alternatives for 2020
Square Capital is a small business working capital loan that is repaid with a percentage of daily credit card sales processed through Square. Square Capital loans are used by businesses that need quick working capital financing and process sales through Square. Square Capital alternatives include business lines of credit, short-term loans, and invoice financing. Square…