What is Kickfurther? Kickfurther is a platform for retailers, wholesalers, and manufacturers to fund the purchase or creation of physical inventory. For example, let’s say you are an online retailer of ski goggles. Your major season is just around the corner and you need to purchase 300 pairs of goggles at a price of $35…
Small Business Owner’s Guide to Renovation & Expansion Loans
The business location that was perfect for you in the early days may be bursting at the seams as your business has grown. Renovation and expansion loans can help you build out or renovate your business space to accommodate more customers and more orders. This guide will tell you where you can get a renovation…
Guide to Credit Card Stacking: What It Is and How You Can Use It to Fund Your Startup
In a previous article, we discussed the pros and cons of using credit cards to fund your business. Surprisingly, we concluded that small business credit cards are a relatively inexpensive way to finance your business compared to other methods, and they can be used to fund startups and low-revenue businesses. This article is specifically about…
Where to Find Internet Businesses For Sale: BizBuySell, Flippa, and More
Internet businesses can be a great option for those who want a flexible and low-cost entrepreneurial opportunity. Without the restraints of a physical location and store hours and with listings as low as $1,000, it’s fairly easy to get your foot in the door. Here we identify the best places to find internet businesses for…
How to Build Business Credit & Improve Your Business Credit Score
Every small business owner should know their business credit score and learn how to maximize it. Having a good business credit score can be the ticket to a business loan or to favorable terms when you purchase goods and services from suppliers. In this article, we will explain what business credit is, how to build business…
What’s the Difference Between Invoice Factoring and Invoice Discounting?
Invoice financing allows you to get money now in exchange for invoices that will be paid to you in the future. It can be a great way for small businesses to plug gaps in cash flow while they wait for customers to pay them. Traditional invoice factoring requires your customers to pay a factoring company…
Should You Use a Home Equity Loan or Line of Credit to Finance Your Business?
Around 25% of small business owners have used a home equity loan (HEL) or home equity line of credit (HELOC) to finance their startup or business, according to Barlow Research. HELOCs can be an inexpensive way to fund a business and are much easier to get than tradition business loans or SBA loans for startups. This…
Your Facebook Page Or Your Credit Score: What’s More Important For Getting A Loan?
7 out of 10 consumers prefer businesses with a social media presence, but having a strong social media profile isn’t just a tool for increasing sales. It may also help you get a business loan. Alternative lenders like OnDeck and microlenders like Opportunity Fund are using social media data to inform their lending decisions. At…
FlashFunders: Better Than CrowdFunding
I have been a crowdfunding skeptic and still am! However, you don’t need to be fan of crowdfunding to think that FlashFunders has a pretty amazing product for funding startups or early stage companies in the process of raising money. Instead of labeling FlashFunders as a crowdfunding company, I would prefer to call them an…
Why You Should Want to Speak With an Underwriter? An Interview with Sam Hodges of Funding Circle
Funding Circle is different than many of its competitors that offer small business loans. Many of its competitors have completely automated the process of loan approvals. They have a formula which, based on a number of numerical inputs, determines whether a small business can get approved for a loan, at what interest rate, how long,…
Who Will Lend to You to Start or Buy a Franchise? An Interview with BoeFly CEO Michael Rozman
BoeFly is an online platform for finding banks and financial institutions to lend money to businesses. While the platform can be used to find many types of financing, it has developed a reputation for being a great place to get a loan to start, buy or grow a franchise. I had a chance to interview…
Who’s in-charge of overseeing the SBA? An Interview With Chairman Chabot
The House Small Business Committee oversees the Small Business Administration. Recently, the Committee acquired a new Chairman, Congressman Steve Chabot of Ohio. While new to the chairmanship, Congressman Chabot has been serving on the Committee for 19 years. I had the chance to interview the Chairman on a late Friday afternoon. As I am not…
