A Small Business Administration (SBA) Express Loan provides small businesses with long-term working capital financing up to $350,000. These loans feature interest rates of 4.5–6.5 percent above the prime rate and typically have a 10-year repayment period. SBA Express loans carry fewer documentation requirements than standard 7(a) loans, but still take 30 to 90 days…
15 Best Free Business Checking Accounts 2018
Free business checking accounts don’t charge monthly account fees, but even “free” checking accounts vary. We looked at national providers and chose the 15 best free business checking accounts. These accounts don’t charge monthly fees, although you may need to meet certain criteria. However, they do limit monthly transactions and have additional costs for extra…
SBA Form 1919: What the Borrower Information Form Is & How to Fill It Out
SBA Form 1919 is the borrower information form required by the SBA. This form includes personal identifying information as well as responses to 26 questions. Questions range from citizenship status to the potential jobs created or retained through the loan. Following the right steps when filling out SBA Form 1919 can prevent delays in your…
Top 25 Business Travel Tips from the Pros
According to the 2018 Corporate Travel Index by Business Travel News, businesses spend an average of $1,425 to send an employee on a three-day business trip. Business travel is often an essential and expensive part of many jobs, so it would be more prudent to maximize the value of every trip. To help make the…
SBA Form 413: What You Need to Fill Out the SBA Personal Financial Statement
SBA Form 413 is a personal financial statement form used to apply for SBA 7(a) and SBA 504 loans. Your lender will incorporate the personal financial information you report in its analysis of your company’s creditworthiness and repayment ability. To quickly and easily complete SBA Form 413, have your financial paperwork organized and available. If…
10 Best Fitness & Gym Franchises 2018
As fitness has become more of a lifestyle than a trend and people are conscious about getting fit, entrepreneurs are taking advantage of this by investing in gym and fitness franchises. Fortunately, there are different fitness franchises to choose from, with an average cost of around $319,688. We received data on the 10 best-performing gym…
SBA Disaster Loans: Interest Rates, Qualifications & How to Apply
Small Business Administration (SBA) disaster loans provide quick and affordable financing for disaster recovery as declared by the President of the United States, SBA or U.S. Department of Agriculture. Businesses of all sizes, most private nonprofit organizations, homeowners and renters are eligible. The SBA disaster loan program features an initial 5- to 15-month payment deferral,…
What Accounts Receivable Financing Is & Who It’s Right For
Accounts receivable financing is a tool businesses can use to overcome short-term cash flow gaps by borrowing against their unpaid invoices. Unlike invoice factoring, with AR financing you won’t assign or sell your invoices to your provider. Invoice financing works like a credit line, with funding in one to three days and lower costs than…
How to Open a Business Bank Account in 5 Steps: Instructions, Requirements & Fees
When considering how to open a business bank account, the five important steps are determining the right type of bank account, selecting the right bank, knowing what you have to pay, providing the required documentation and depositing funds. Opening a business bank account makes it easier to keep your business and personal cash flow separate….
15 Best Small Business Credit Cards 2018
The best small business credit cards offer high reward payouts, specific rewards categories, and low introductory and ongoing interest rates. Based on these criteria, we’ve compiled a list of the top 15 small business credit cards for 2018 and ranked them based on costs, application process, and rewards for various types of businesses and spending….
SBA Loans: Types, Rates & Requirements
The Small Business Administration (SBA) guarantees small business loans issued by approved lenders. SBA loans are difficult to qualify for but carry low interest rates up to 10% and repayment terms up to 25 years. The six types of SBA loans are 7(a) loans, community development corporation (CDC)/504 loans, CAPLines, export loans, microloans, and disaster…
12 Best High-yield Savings Accounts 2018
A high-yield savings account charges little or no fees and allows consumers to build their savings by earning interest each month while still maintaining access to their money. We’ve reviewed more than 60 of the best high-interest savings accounts and narrowed it down to the 12 accounts with the best interest rates. Online Savings Account…
