Small Business Loan Advisor – What is the Average Credit Score in America?
Don’t let anyone fool you, that is a tough question. It’s like asking the average high school grade point average of students in America. The factors are almost overwhelming.ARC Loans – Are They For Real? Is Anyone Making Them?
By now, many of us have heard about the newest kid on the SBA loan block. Known as ARC loans (“American Recovery Capital”), they have captured our imagination and fired us up with boundless hope. But are they real, or simply a well orchestrated mirage?Making Sense of Small Business Loans
Small business loans are a great way to get a quick influx of capital for your small business. There are a ton of different types of loans out there, and it can be hard to know which one is the right choice for your small business.Are You Confused About the SBA ARC Loan?
Wow, being in the financial industry I have to concur that there certainly is a lot of confusion! Why don’t I start by explaining what the ARC Loan is:Getting a Business Cash Advance When the Bank is Not an Option
In a recent article titled “Small Business Owners Get Creative,” CNN Money’s Ian Mount profiles four small business owners who were able to find money for their businesses in “creative” ways, when their first choice, bank loans, did not come through. All four small business owners had their initial applications turned down, but according to the article, they “refused to take no for an answer.”Business Loans Or Merchant Loans – Which is the Smarter Choice?
There has been a lot of debate lately about which funding option is the better choice. The answer depends on your needs and circumstances.Small Business Administration Loans
If you are thinking of starting your own business or looking to expand an already existing one, then a small business administration loan could be just what you need. Though most of the time when you venture into business you are taking a risk because you don’t know if you will succeed or not.Need Business Loans? Bad Credit Businesses Still Qualify Too
If you are starting out or expanding a business, you will be looking into acquiring business loans. Bad credit may keep you from obtaining traditional loans, but there are other sources where you can secure credit.Who Says You Can’t Get a Business Loan With Bad Credit?
Trying to get cash for your business when you have poor credit isn’t as difficult as it used to be. It used to be that if the bank turned you down for a loan, there weren’t many options available. That has changed in the past few years since the business cash advance was introduced.Getting a Business Loan
It is relatively easy to obtain finance for your business in the form of a business loan. There are many lenders offering business loans and quite a number of loan options available. But you will need to make a sound application to be successful in your request for credit.How to Get a Business Loan When Lenders Turn You Down
So you’ve tried to get a business loan from your bank, or the SBA, and they’ve turned you down. Maybe you don’t have sufficient assets, liquid assets, credit, personal assets, the right kind of business, business history, and so on. Where do you go when you need money to expand, to remodel, to advertise, or to purchase inventory or equipment?Small Business Loan Application
Small businesses may require borrowing funds for either expansion or starting up. If you approach a lending institution to fund your business, you need to be aware of the application process.Getting Turned Down For a Business Loan Because of Bad Credit is Not the End of the Road
If you have recently been turned down for a business loan because of bad credit; you are not alone. The economic downturn is taking a toll on thousands of business owner’s credit. When business slows down the way it has, it’s bound to happen.