3 Options To Finance Your Auto Repair Shop Business

Three Options To Finance Your Auto Repair Shop Business When it is time to finance your auto repair shop business, there are three options available to a small business owner. The nature of the auto repair business requires you to have enough working capital to have the right parts, equipment, supplies and trained staffing to provide your customers the type of service they expect. Among the many challenges you normally…

Avoid 4 Mistakes To Secure A Small Business Loan

As the business owner, you should avoid four mistakes to secure a small business loan. Whether your business needs a traditional bank loan or fast capital from an alternative lender, there are a variety of steps you can take to improve your application and it’s successful approval. As in most business activities, it helps to learn from the mistakes of others. Here are four common errors that business owners make…

Advantages and Disadvantages Of An Unsecured Business Loan

  An unsecured business loan can offer your business the advantage to fund new business opportunities, inventory purchases and improve cash flow. This type of business loan does not require that your business pledges collateral as a guarantee to secure the financing. Without a collateral guarantee, the lender assumes greater financial risk on the loan. This will result in less favorable terms and higher costs to your business as the…

Advantages and Disadvantages Of A Secured Business Loan

A secured business loan as a source of capital financing offers your business advantages to fund new business opportunities, inventory purchases and improve cash flow. However, this type of business loan also is with risk since your business needs to pledge a collateral asset as a guarantee to secure the financing. What Is A Secured Business Loan? A secured business loan is backed by a valuable business asset such as…

Is An SBA Loan Right For Your Business?

If you are a small business owner and have been investigating options for additional capital, you have probably come across the term of an SBA loan. It is important that you know what it is, since it is one of the most attractive financing options available to a small business owner. Here are the basics related to SBA loans that every small business owner should know: What Is An SBA…