Wildfires and earthquakes in the Southwest, hurricanes throughout the Gulf Coast, plus tornados or flash flooding in the Midwest can all potentially have devastating impacts on business owners every year. The U.S. Small Business Administration (SBA) offers what is called its Disaster Assistance Loan, a lending program that’s available in the event your business insurance…
Getting approval for a loan is an exciting venture for you and your business. Whether it’s a long or short-term business loan or one acquired from a direct lender, being approved means your business’s finances are strong and allows more opportunity to meet overall business objectives. Constantly meeting a monthly loan payment is just plain,…
A bad credit score is not good for any business. Not only is it difficult to get a loan from a lender, but it may become a challenge to conduct business with vendors or suppliers and more importantly grow your business to its full potential. If your business is marked with a bad credit report,…
Bridge financing is just one the types of loans available for home owners. As most people can’t afford two mortgages simultaneously, a bridge loan is a short-term loan from a lender that’s secured by your current home to provide the necessary funds to purchase or put a down payment on a new property. Once your…
The Biz2Credit Small Business Lending Index recently reported approval rates for small business loan applications hit a record high of 27.6% at big banks in June 2019 while approval percentages from regional and community banks increased to 50% for the first time this year. It’s always encouraging to hear positive news about higher approval loan…
Working capital is the lifeline of any business. Meeting payroll, managing inventory, and covering daily expenses are all part of day-to-day operations. To meet demands, short term business loans are available and can sustain operations or used for unforeseen costs when working capital is low during a slow market or certain business cycles. If you…
Looking to use the Fix and Flip model to enhance your income? Have you considered purchasing a property and then using that property to boost your monthly or yearly earnings? Often this is called Flipping a home. It is changing the state of a home from where you purchase it, enhancing it and then noting…
With all the information out there, the types of hard money loans available can be confusing. When determining the best course of action, it is best to be informed. With a variety of options, you will want to carefully consider what type of purchase you are most interested in. Whether looking to purchase an apartment…
Whether you are planning to purchase a real estate property, a commercial property or a site with multiple apartments, working to build up a business and investments is not for the faint of heart. You are powerful, you are gutsy, you like a challenge. Successful entrepreneurs understand that taking a risk is absolutely essential to…
Being a landlord is a great way to make extra income. To be an effective and smart landlord, there are some simple steps to take to make your experience easy and enjoyable. Follow the steps below to take your dream of managing properties into reality. Buy and Repair the Property With many options to purchase…