As you would research bank loans, it is crucial to do the same when searching for perfectly matched small business financing options. As some banks and their loan options may be better for certain businesses, alternative lenders and their products will be better suited for particular companies. Small businesses are facing difficult times, recovering… Continue reading How to Choose the Best Small Business Financing For Your Business
We get it. Sometimes things get tough, and you don’t have the funds. However, failure to pay your lender as agreed upon after receiving business financing can cause you to go into default. The default can be immediately after a missed payment or months later, depending on your loan or financing terms and state or… Continue reading What Happens if You Cannot Pay Back Your Business Financing?
Bridge financing, more commonly known as a bridge loan, is a short-term financing option for small businesses to bridge the gap until you are approved for longer-term financing, investments, and loans from large banks and venture capitalists. Alternative lenders, such as ByzFunder, extend the financing options to businesses needing funds fast, offering a fixed… Continue reading What Is Bridge Financing?
As the Covid pandemic continues to impact economies worldwide, we believe the business recovery will continue to be challenging, especially for those small businesses that have not realized that risk management is a crucial business strategy. While there are short-term pressures during reopening, there is also an opportunity to reimagine business models for the… Continue reading Small Business Post Covid Financial Recovery
There has been a steep rise in the number of alternative lending companies since the 2008 recession to help small to medium-sized businesses get funding. Fast forward to Covid times, and loan and business financing accessibility has increased even more. With this flooded market, it is easy to feel overwhelmed and under-knowledged about the… Continue reading The Difference Between Loans and Short-term Business Financing
Are you a small business owner in dire need of instant cash flow or capital? Well, a Merchant Cash Advance (MCA) is the best bet to get you financed in a matter of hours without the lengthy paperwork. A Merchant Cash Advance provides alternative financing to a traditional small-business loan. Unlike bank financing, merchant cash… Continue reading Merchant Cash Advance For Small Businesses
Running a small business successfully takes a lot of work, but more importantly, it is crucial always to have working capital. Working capital is needed to cover day-to-day and shorter-term operational expenses. When you’re short on working capital, you may miss out on new opportunities to expand the business, employ more employees, purchase inventory, or… Continue reading Sources Of Working Capital For Small Businesses
What’s holding you back from receiving a business finance injection? Like your personal credit score, your business credit score is built over time and is crucial when applying for business financing or loans. In laments terms, business credit signals your company’s ability to handle its finances, purchasing ability, and debt. Both business credit and personal… Continue reading All You Need To Know About Business Credit Score
More than anything, as a small-business owner, you need to monitor and manage your business’s cash flow. Whether monthly or weekly, it’s crucial to stay on top of things. Cash Flow numbers indicate how much money is coming in and how much is going out of your business. Making more than you’re spending? That’s good.… Continue reading 7 Ways Small Businesses Can Manage Cash Flow
Unlike traditional loans, short-term financing, or working capital, is a funding option offered by non-bank lenders, providing fast cash to businesses wanting to expand, finance inventory, consolidate debt, cover seasonal costs, and more. The funding period is a lot shorter than a regular business loan, meaning better rates that are not dragged out and crippling… Continue reading The Benefits of Short-term Financing