Every small business needs a business checking account for handling money and processing financial transactions. While many small business checking accounts are similar, some providers have lower fees or better introductory offers. We looked at a range of options and compared them to identify the 10 best small business checking account providers. FitSmallBusiness Uses Bank…
How to Apply for an SBA Loan in 4 Easy Steps
Applying for an SBA loan requires four steps, including determining your eligibility, finding the right SBA loan provider, assembling your paperwork, and completing the SBA application and forms. Getting an SBA loan can take about two to three months with a traditional SBA lender, or as few as 30 days with an SBA loan broker….
5 Best Real Estate Portfolio Lenders 2019
Portfolio lenders keep their loans on their balance sheet, rather than selling them or following Fannie Mae guidelines. Portfolio lending offers flexible borrower qualifications and fast closings so investors can compete with cash buyers. We reviewed the most popular national portfolio lenders and chose the top five considering rate, terms, property types, and qualifications. Top…
The 5 C’s of Credit: What Banks & Lenders Actually Look For
The 5 C’s of credit are character, capacity, capital, conditions, and collateral. Together, these serve as a way for lenders to evaluate the creditworthiness of potential borrowers. Banks and lenders generally look at your ability to repay, level of debt, how you plan to use the funds, and the collateral you have to offer. The…
How to Get Unsecured Business Loans in 5 Steps
Traditional lenders like banks rarely offer unsecured business loans. However, online lenders can fund loans with no collateral requirements in as little as 24 hours. To make the best decision when applying for an unsecured business loan you should consider why you need the funds, overall costs, minimum qualifications, documentation requirements, and the application process….
An Interview with Levi King, Co-Founder & CEO of Nav
We sat down with Nav’s CEO, Levi King, to ask him some questions about his company and market changes. Specifically, we discussed his connection to the Small Business Borrowers’ Bill of Rights and new players in the small business lending market. We also discussed 2019 emerging trends, including how business owners can prepare for them….
How Brex Is Changing Corporate Credit Cards
Brex offers corporate credit cards without a personal guarantee to startup businesses that can’t qualify for traditional corporate cards. Brex determines approval and credit limits based, in part, on how much money companies have in their bank accounts, with a $100,000 minimum. We asked CEO Henrique Dubugras how Brex is helping new firms succeed. Dubugras…
6 Best Merchant Cash Advance Companies 2019
A merchant cash advance (MCA) provides a lump sum cash advance in return for a percentage of your daily credit card receipts. Effectively, an MCA provider is buying your future credit card sales from you in advance of you receiving them. We evaluated the top six MCA providers to determine which offers the best terms….
Is a Corporate Credit Card Right for Your Small Business?
A corporate credit card is best for businesses that have $4 million+ in annual revenue and $250,000+ in annual card expenses. The primary benefit of a corporate credit card is that company owners have no personal liability. Since the balance must be paid in full each month, there is no APR. If your business isn’t…
How to Maximize Small Business Credit Card Rewards in 7 Steps
There’s more to maximizing credit card rewards than just paying for business expenses with plastic. The first step: Find a small business credit card that offers top rewards on the goods and services your company most frequently purchases. We’ll show you how to pick that perfect card and other ways to maximize credit card rewards….
How to Pull a Business Credit Report & Decipher It
A business credit report is a record of a business’s financial history, allowing others to determine a business’s creditworthiness. The information from the credit report is used to calculate a business credit score. Business credit reports can be pulled from Dun & Bradstreet (D&B), Experian, Equifax, and FICO for a cost of $50 to $230….
SBA Loans: Find Your Best Financing Option
The six most common loans offered by the Small Business Administration are 7(a) loans, 504 loans, CAPLines, export loans, microloans, and disaster loans. You can learn more about SBA loan requirements, costs, terms, and how to apply in the brief overview below, or find the best loan for your business by completing our quiz. What…
