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When it’s time to raise cash to manage and grow a business, most entrepreneurs think of the traditional term loan structure: Apply, get approved, receive loan money as a lump sum, begin repayment of that money right away. A line of credit is similar to a term loan except that it offers a different way […]
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When you are ready to apply for a commercial loan, be prepared to answer a lot of very important questions about your business. The initial information you give to a loan officer will provide him or her a general idea as to whether your request is something that their particular bank would be able to approve. It also shows […]
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Whether you’re expanding the reach of your services, upgrading equipment, or buying new vehicles, there are many reasons to secure a loan for your business. In this article, we will discuss ways that you can strengthen your chances for loan approval at terms that your business cash flow can handle.
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When you’re a small business, obtaining funding to help you grow is not always an easy task. That is where Small Business Administration loans, or SBA loans, can help. For eligible businesses, the SBA offers loans on terms not available through conventional loans. These loans are guaranteed by the U.S. Small Business Administration and serve […]
According to the Small Business Administration (SBA), “Small businesses now constitute 34% of our nation’s total export dollars, and make-up about 97.8% of all exporters.” With more than 95% of consumers living outside of the US, it makes good business sense to capitalize on external markets — and it’s clear that plenty of small businesses […]
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What exactly is an equipment loan, and how is it different from applying for other commercial loans? We asked Brandon Reyes, Vice President and Commercial Loan Officer, to break things down for us. Equipment loans help companies purchase specific assets that are an integral part to that business’s day-to-day functions. Examples of such assets include a […]
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Owning and operating a business of any size can be a daunting task; in many cases an all-consuming commitment of time, energy and financial resources. Whether the business is a start-up or an established, successful venture, most business owners will agree a substantial degree of personal sacrifice was required to get “to this point”. It’s […]
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Construction of a new building can be one of the most overwhelming experiences a business owner or investor faces. Maybe renting no longer makes financial sense, or your business is at a crossroads that requires specific features or space to run efficiently. Regardless of your situation, taking this important step in the life of your […]