Loans Articles

Business » Financing » Loans | By David Castro @ Thursday, 20th November 2008

Finding a bad credit business loan can be very difficult. Sometimes, small business owners will go to extremes to secure financing for their businesses, offering homes, and valuable property as collateral to compensate for a less-than-perfect credit score. But what many of these small business owners do not know is there is another way to get a bad credit business [more...]

Business » Financing » Loans | By David Castro @ Thursday, 20th November 2008

If you\'ve been using credit cards to finance your business, chances are your credit score isn\'t excellent and you could probably still use more money for your business. Whether you\'re reading the Business Week story of James and Heather Hills, small business owners who paid 31% interest on a credit card to finance their small business, or the Entrepreneur [more...]

Business » Financing » Loans | By Tarun Jaswani @ Saturday, 25th October 2008

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower\'s expenses until his or her next payday. Typical loans are between dollar100 and dollar500 and are due in two weeks, with interest rates of up to 400% APR. On a two-week loan, fees average dollar15 for each [more...]

Business » Financing » Loans | By David Castro @ Thursday, 23rd October 2008

In June 2008, The National Federation of Independent Business (NFIB) released a report titled \"Small Business Problems and Priorities.\" This report has been released approximately every four years since 1982 and details \"the most pressing issues facing small-business owners, as reported by small-business owners themselves,\" states NFIB\'s website. In the most recent publication, nine out of the top ten concerns [more...]

Business » Financing » Loans | By David Castro @ Monday, 20th October 2008

An increasing amount of business owners are using credit card advances to finance small business ventures, or for relief during difficult times. But there is still reason to believe that many small business owners are missing out on benefits that a credit card advance can provide, due to a certain amount of skepticism that they may have regarding [more...]

Business » Financing » Loans | By David Castro @ Monday, 20th October 2008

Discovering new ways to help your business is always important as a smart business owner. There are various areas of small business that can be improved in order to strengthen a business as a whole. Marketing and advertising, customer service, image, sanitation, and employee motivation are all areas that can be individually honed to make your business work [more...]

Business » Financing » Loans | By David Castro @ Tuesday, 14th October 2008

Ever heard someone say \"Good things come in small packages\"? Well, the saying is applicable to more than just holiday gifts, as it is beginning to ring true for many small business owners who are taking advantage of microloans. A microloan is a small loan, typically described as being less than $35,000. The Small Business Administration backs [more...]

Business » Financing » Loans | By David Castro @ Monday, 13th October 2008

Typically, poor credit is described as a credit score between 580 and 640. Having such a low credit score can make getting an apartment, cell phone, home loan, or buying a car a very difficult process, if not impossible. But when it comes to getting a bank business loan, lenders are not looking for people who just do [more...]

Business » Financing » Loans | By David Castro @ Monday, 13th October 2008

Poor credit business loans are for small business owners who do not have great credit. They are for small business owners who do not have collateral to offer in order to secure a loan. Poor credit business loans are for small business owners who have been told \"no\" too many times before, and are ready to find a [more...]

Business » Financing » Loans | By David Castro @ Sunday, 12th October 2008

People across the country are suddenly taking a crash course in frugality. As more and more jobs are lost and unemployment is at its highest in five years, lavish personal spending and instant gratification have taken a backseat to more conservative spending habits in the hopes of promoting long-term financial stability. The economy is not selective on who [more...]

Business » Financing » Loans | By David Castro @ Friday, 10th October 2008

Yahoo recently featured a Business Week article naming states that have seen \"shortfalls in tax revenue in their fiscal 2009 budgets.\" California has seen the highest shortcoming, with a deficit of over $22 billion, while the shortcomings of Florida, Nevada, Rhode Island, New York, Alabama, Georgia, New Jersey and Maryland combined reach over $40 billion. Though the lack of funds [more...]

Business » Financing » Loans | By David Castro @ Thursday, 9th October 2008

The Problem: You want money for your business. You want to expand. You want to offer more services to more customers and possibly even open a new store. This probably does not sound like a problem, in fact, it sounds like a wonderful idea and an achievable goal. But here is the catch, your credit [more...]

Business » Financing » Loans | By David Castro @ Wednesday, 8th October 2008

It has long been said that in order to receive a business loan, a potential borrower must meet and posses the \"Five Cs\" of credit. Character, capacity, collateral, conditions and capital are all assessed when applying for a business loan and a slight default in any one of these categories can virtually obliterate one\'s chances of receiving business funds. Character Lenders [more...]

Business » Financing » Loans | By David Castro @ Tuesday, 7th October 2008

If you are like many other business owners, you are probably trying to figure out how to get the most out of your business, and how to make your business work for you. Increasing advertising, upgrading equipment and purchasing inventory are all things that could increase sales for a business. But what do all of these things have [more...]

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008

Many merchant business owners may have not yet gotten a credit card advance because they are unaware of the many benefits they can bring a business. Accustomed to traditional methods of business financing, some small business owners opt not to get a credit card advance due to fear of the unknown or reluctance to step outside of the box [more...]

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008

In the midst of a credit crunch, big banks say they are still willing to provide small business loans, but only to those whom they feel are capable of repayment. Obviously, one of the major factors that banks use to determine whether an applicant is capable of loan repayment is credit score, leaving businesses whose owners\' credit scores are [more...]

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008

Credit cards are becoming more and more widely used in the United States, making credit card advances an increasingly relevant method of business financing for small businesses in particular. In 2006, there were over 984 million bank-issued Visa and MasterCard credit card and debit card accounts in the United States, and over 450 million Visa cards in the U.S. [more...]

Business » Financing » Loans | By David Castro @ Saturday, 27th September 2008

The number of minority owned businesses has been steadily increasing since 1982. According to statistics released by the Small Business Administration in 2007, between 1982 and 1997 \"...the number of minority-owned firms increased at a rate of 8.5 percent per year...\" This percentage is three times that of all U.S. businesses. The U.S. Bureau also reports that [more...]

Business » Financing » Loans | By David Castro @ Friday, 26th September 2008

For most of us, the holiday season means a chance to create warm memories with friends, family and loved ones. But for years, it has also meant crowded shopping malls and stores, and the emptying of tons of money from consumers\' pockets. Retailers usually expect to experience their highest sales volumes during this time, investing in extra inventory, [more...]

Business » Financing » Loans | By David Castro @ Friday, 26th September 2008

The new wave in small business financing doesn\'t only mean more and more opportunities for non-traditional small business lenders. It also brings an upsurge in opportunities for small business owners who would not have thought twice about such methods of financing had bank loans remained as easy to obtain as they have been in the past. Small business owners have [more...]