Merchant cash advances (MCAs) and business loans are both financing options that provide small businesses with working capital. While either product can be a good financing option, the way these borrowing methods are structured differs greatly. To understand these differences better, we compared and contrasted the two, including a detailed example of each financing option….
15 Best Small Business Credit Cards 2019
The best business credit cards offer high rewards payouts, specific rewards categories, and low introductory and ongoing interest rates. Based on these criteria, we reviewed credit cards to identify the 15 best small business credit card options. We then ranked them based on costs, application process, and rewards for various types of businesses and spending….
Section 179 Calculator: Calculate Your Tax Savings
Section 179 is a type of tax deduction that lets you deduct up to $1 million in equipment and other fixed assets as a business expense on your tax return. This provides significant tax savings compared to depreciating the assets over several years. Our Section 179 calculator helps you determine how much you can deduct…
SBA Loan Rates – Current Interest Rates and How They Work
There are three primary types of SBA loans: SBA 7A Loans, SBA Express Loans, and CDC/504 Loans. SBA 7A loans and SBA Express loans can be used for a wide variety of purposes, including growth capital and refinancing. CDC/504 loans, on the other hand, are specifically for the purchase of fixed assets like real estate…
Commercial Real Estate Loan Rates 2019
Commercial real estate loan rates remain at near all time lows, making now a great time for small business owners to purchase or refinance commercial property. A variety of different lenders make commercial real estate loans. This article covers how commercial real estate loan rates work and the interest rates that different types of lenders…
PEX CEO Toffer Grant Explains How Your Business Should Spend to Stay Competitive
Toffer Grant began working in the prepaid card industry in 2000. In the six years prior to PEX, he was exposed to small businesses while initiating 65 prepaid card programs throughout the industry. We talked about his partnership with BuyQ, recent industry changes, and his belief around business owners understanding prepaid business card benefits. Grant…
How to Set Up a Rollover for Business Startups (ROBS)
A rollover for business startups (ROBS) enables you to access your retirement funds to start or buy a business. Setting up a ROBS involves rolling your existing 401(k) into a new C corporation’s retirement plan. The new business then purchases shares in the new company with those funds and gives you access to them. However,…
6 Best Working Capital Loans 2019
A working capital loan is short-term business funding used to finance a company’s day-to-day operations, like buying inventory or covering payroll. Common small business working capital loans are lines of credit, term loans, invoice financing, and merchant cash advances. We reviewed working capital loan providers on costs, terms, and qualifications to identify the six best….
15 Best Free Business Checking Accounts 2019
Free business checking accounts either don’t charge monthly account fees or make it relatively easy to avoid them by, for example, meeting minimum deposit requirements. We examined banks nationwide to find the 15 best free business checking accounts. These accounts waive monthly fees, but they may charge customers for extra transactions and services. FitSmallBusiness Uses…
6 Best Small Business Line of Credit 2019
A small business line of credit (LOC) is typically used for short-term working capital needs, as the funds can be borrowed and repaid repeatedly. Additionally, they’re unsecured, meaning collateral like inventory or real estate isn’t required. Some of the best business LOC providers we’ve identified can fund up to $250,000 with two days. Best Line…
How Hard Inquiries Impact Your Credit Score & Report
A hard inquiry, also known as a hard credit check, gives people your full credit report and typically occur when you apply for a loan or credit card. Hard inquiries stay on your credit report for up to two years, are visible creditors, and can decrease your personal credit score by one to five points….
6 Best Kabbage Competitors & Alternatives 2019
Kabbage offers business lines of credit in amounts up to $250,000, with repayment terms of six or 12 months and a fixed monthly fee of 1.5% to 10%. Businesses that need higher funding amounts, or that don’t meet the qualifications for Kabbage, might consider financing with short-term loans or other business financing alternatives. Top 6…
