All Financing Articles - Page 8

What Is Cash Back & How Does It Work?

By Benilyn Formoso - Suralta on March 20, 2020 | Credit Cards, Financing, Ultimate Guide | Comments (0)

Cash back is an incentive credit card issuers typically offer that refunds a small percentage of a cardholder’s purchases. You can apply your cash-back rewards to your credit card bill or redeem them as a check, bank deposit, for merchandise, or for store gift cards. Cash-back rewards usually range between 1% and 6%. Most credit…

5 Best Unsecured Business Loans 2020

By Dennis Shirshikov on March 19, 2020 | Business Loans, Buyer's Guide, Financing | Comments (0)

Some business owners can’t or don’t want to pledge specific assets—personal or business—as security for a business loan. Many traditional lenders require business loans to be supported by collateral, such as real estate or equipment. The best unsecured business loans offer large amounts of funding—quickly—with easy-to-meet qualifications. Top 5 Unsecured Business Loans *Last Updated: July…

SBA Disaster Loans: Interest Rates, Qualifications & How to Apply

By Tricia Tetreault on March 18, 2020 | Business Loans, Financing, Ultimate Guide | Comments (4)

Small Business Administration (SBA) disaster loans provide businesses with affordable financing for disaster recovery. Businesses, nonprofit organizations, homeowners, and renters are eligible for funding with repayment terms up to 30 years and interest rates starting at 1.75%. Applicants can receive initial funding five days after signing loan closing documents. If you want to apply for…

8 Best Alternative Business Loans

By Dennis Shirshikov on March 11, 2020 | Business Loans, Buyer's Guide, Financing | Comments (0)

Alternative business loans offer flexible credit requirements, easy online applications, and quick access to funds for small business owners that don’t qualify for traditional financing. Alternative business funding encompasses several financing solutions, including short-term working capital, long-term equipment, inventory, and real estate financing. 8 Alternative Business Funding Options Best for working capital: Best for minor…

Rollover for Business Startups (ROBS): The Ultimate Guide

By Dennis Shirshikov on March 2, 2020 | Financing, Startup Financing, Ultimate Guide | Comments (275)

A rollover for business startups (ROBS) allows you to invest retirement funds from a 401(k) or individual retirement account (IRA) into your business without paying early withdrawal penalties or taxes. A ROBS isn’t a business loan or a 401(k) loan, so there’s no debt to repay or interest payments to make. Most small business owners…

How to Use a 401(k) to Start or Buy a Business

By Tricia Tetreault on February 28, 2020 | Financing, Startup Financing, Ultimate Guide | Comments (0)

There are three ways you can use 401(k) business financing to start or buy a business. You can cash out funds, borrow against them, or use a rollover for business startups (ROBS). The only option that does not result in penalties, taxes, or interest charges is a ROBS, making it ideal for most situations. If…

5 Best Rollover for Business Startups (ROBS) Providers 2020

By Dennis Shirshikov on February 28, 2020 | Buyer's Guide, Financing, Startup Financing | Comments (62)

A rollover for business startups (ROBS) is a financing solution that lets you start or purchase a business with your retirement savings without paying early withdrawal fees or tax penalties. These transactions are difficult and confusing, which is why we recommend using an experienced ROBS provider. We’ve compared the best ROBS providers for startup businesses….

BlueVine vs Fundbox: Costs, Terms & Which Is Best

By Dennis Shirshikov on February 28, 2020 | Business Loans, Financing, Versus | Comments (0)

BlueVine, an invoice factoring provider, offers business owners the opportunity to sell their invoices at a discount to receive funding up to $5 million. Fundbox offers business owners a line of credit up to $100,000 with easier-to-meet requirements. BlueVine is the best overall option because it offers invoice factoring in addition to short-term loans and…

Owner Financing: The Ultimate Guide to Seller Financing

By Tricia Tetreault on February 27, 2020 | Financing, Real Estate Investing, What is | Comments (32)

Owner financing is an arrangement in which the seller agrees to accept installment payments directly from the buyer rather than having the buyer obtain a loan from a bank. Owner financing—sometimes referred to as seller financing—often provides buyers with easier qualification and more flexible repayment terms than a traditional mortgage while providing sellers with monthly…

Invoice Factoring Calculator: Factor Rate vs APR

By Tricia Tetreault on February 18, 2020 | Calculators, Financing | Comments (0)

How to Read Your Invoice Factoring Calculator Results Invoice amount: This is the amount of the invoices that you are including in your factoring agreement—the primary number by which all of the outputs are calculated. Annual percentage rate: The average APR for invoice factoring ranges from 28% to 60%, and includes all fees and other…

5 Best Business Loans for Bad Credit 2020

By Dennis Shirshikov on February 18, 2020 | Business Loans, Buyer's Guide, Financing | Comments (16)

Half of all business owners don’t qualify for traditional business loans because they have bad credit scores, according to the Federal Reserve. Online lenders offer small business loans to borrowers with credit scores of 600 and lower, but these bad credit business loans carry high overall costs. Top 5 Bad Credit Business Loans How We…

Business Loans With No Credit Check: The Ultimate Guide

By Dennis Shirshikov on February 13, 2020 | Financing, Ultimate Guide | Comments (4)

Small business loans with no credit check are very rare for most lenders, and typically at least a soft credit check will be required. Unlike a hard credit check, the soft check doesn’t impact your score and reveals less information to the lender, which is good for business owners with poor credit who need financing….