Small business owners often seek a business loan at some point to finance the growth and development of their company. But how much can you realistically expect to borrow? The answer depends on various factors, including the type of loan you seek, your business’s strength, and your credit history.  In this piece, we’ll go over…

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While starting a business can bring excitement and rewards, it also involves numerous challenges and expenses. One way to alleviate some of these costs is by obtaining a startup business loan. With an average of $663,000, a startup business loan breathes life into numerous plans. A startup business loan is financing specifically designed for new…

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A bad credit business loan can be challenging to find, but it’s not impossible. If you have a FICO score between 300 and 669, you’ll likely need to consider alternative funding solutions. But don’t fret! There are many banks and finance companies that have options to fit your small business needs. Learn more about how…

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Looking to buy an existing business? You have come to the right place for some of the most informative content around this business practice. In fact, between 90-95% of entrepreneurs that buy existing businesses are still up and running 5 years later! Before you can purchase your dream business, you’ll first need to apply for…

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The road to small business loans for veterans is invaluable. However, even the most squared away veterans may find the transition from service life to the civilian side challenging. Some veterans struggle to transition to typical 9-5 occupations after their time in the service of their country. As a result, many choose to be entrepreneurs…

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Getting a business loan with no revenue might seem impossible, but it’s not as hard as you think. More than 31.7 million small businesses in the U.S. represent owners who took the necessary steps to get their start. Of course, finding the right financing options is crucial to getting your small business off the ground.…

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A franchise loan can make business ownership a reality. Franchises offer a tested business model that many owners appreciate. The more than 750,000 franchises in the U.S. alone are possible thanks to this model.   However, many franchise business loans have high startup costs to get things off the ground. Using a franchisor’s well-known brand…

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You may be considering a business loan to start your business. Getting your start in business is enticing—especially when you think about how personally and financially rewarding entrepreneurship can be.  Applications to start a new business reached 5.4 million in 20201. As a result, these businesses have a choice about funding their companies. Choosing the…

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The owners of more than 30 million small businesses in the U.S. know that starting a business can be profitable. However, understanding the small business startup costs you might face is vital to the success of that venture.   Businesses of all types will encounter costs from the formation of their business to its growth.…

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Properly preparing for the bank loan requirements of your lender is crucial to getting the financing you need. For instance, consider that poor business credit was responsible for 20% of small business loan denial. Getting the critical items in order can help you prepare for the bank loan requirements.   Growing your business can take…

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