Category: Business Financing
Why would you need a fast small business loan?
Many businesses finance growth and meet short-term capital needs with a small business loan. There are times when fast access to additional capital, or access to a fast business loan, is critical to taking advantage of an opportunity to create additional ROI or meet a short-term business challenge. Unfortunately, because popular media promotes the idea…
How to qualify for a small business loan in Canada
With all the different business loan options available today, qualifying for a loan is a possibility for almost every business owner – but it requires a more savvy approach to evaluating your options picking the loan that best suits you and your business’ situation. Lenders evaluate both your personal credit history and your business credit…
How to Get A Small Business Loan in Canada
Are you looking to obtain capital for your existing business or start-up in Canada? If you are, you are not alone. According to the Government of Canada, by the end of 2015, 31% of businesses had applied for financing at some point that year. People look for financing for a number of different reasons that…
All you need to know about short-term loans: A quick recap
When you’re beginning your research into financing for your business, there are a lot of items you need to consider. The most common question is ‘what type of loan should I get?’ There’s a myth out in the business world that it’s best to get the most amount of money for the longest payback period…
4 ways to recover from a rejected loan application
Most small business owners don’t jump into their entrepreneurial dream because they are experts at financing a business. As a result, it’s not uncommon for a loan application to be rejected. Sometimes it could be the creditworthiness of the business, the criteria of the lender, or simply not completely understanding what the lender considered when…
Steps to Get Back to Work and End the Year Strong
In August, the slow, quiet, feeling of summer fills the air in many offices around the world. Each week a different team member is on vacation, some offices have “Summer Fridays,” and motivation seems lacking. In many parts of the country, it’s HOT, which makes most people sluggish and want to be anywhere but inside…
Working Capital Financing in a Nutshell
What is “working capital”? And how can it help my small business? These are just a couple of questions we get every day, here at OnDeck, so I thought it would be prudent to do a little review. Cash flow is the heartbeat of a small business. For many business owners, it makes sense to…
Strategic Borrowing Benefits to Increase Your Loan Options
Increase Your Loan Options with Strategic Borrowing Without adequate capital, it’s difficult for small businesses to grow and thrive. This is true whether you fund your business through cash flow, investment, or borrowing. Taking a strategic approach to meeting your business’ need for capital to fuel growth and fund any other ROI-generating activities will ensure…
Financial Metrics Every Small Business Owner Needs to Know
Financial Metrics You Should Know to Run Your Small Business Understanding your business’ financial metrics, and what those numbers are telling you, is critical to running a successful business, knowing whether or not your business is profitable, or waking up one day to find out you’re on the slow march to insolvency and going out of business.…
5 Tips to Improve Your OnDeck Renewal Experience
5 Tips to Improve Your OnDeck Renewal Experience If you have an OnDeck Term Loan and think you may need more funds down the road, you may be asking: “What can I do now to maximize my renewal opportunities with OnDeck?” We understand that small businesses face ongoing financing needs, whether it’s to fuel growth with a…
Actionable Tips to Managing Your Resources Wisely
Managing Your Business Resources Managing resources is a challenge for many small business owners, but if you’re at all like I was, I believed I had a better handle on things that I did in reality. That’s not to say I was a disaster, but rather, hindsight being what it is, I can see lots…
Managing Your Busy Season
Managing Your Busy Season Well Can Set Up Your Slow Season for Success Summer is the time when people get up, go outside, travel, and walk along main street. So it’s not too surprising that many small businesses see a surge in traffic during the summer months. Many small businesses experience seasonality and it makes sense to…
Small Business Success: Vortic Watch Company
Tips for Making Smart Inventory & Equipment Purchases: An Interview with RT Custer, Co-Founder of Vortic Watch Company Let me introduce you to the owner and co-founder of Vortic Watch Company, RT Custer. Vortic Watch Company is a high-end wristwatch engineering and manufacturing company based in Fort Collins, Colorado. RT and his partner, Tyler Wolfe, started…
13 Articles That Will Improve Your Financial Literacy
April is Financial Literacy Month, (woot!) and I’m excited for the opportunity to help boost your business financial acumen, so keep a lookout on our blog all month long for specific articles on financial literacy. To kick off Financial Literacy Month, I want to take a look back at our blog’s most worthwhile financial articles you may have missed.…
Your Ultimate Guide to Small Business Financing
Your decision to borrow funds for your business and which lender to work with is important. There are many factors to consider to make the right financing choice for your business. There are a lot of different types of financing to explore. You’ll need to weigh the application process, rates, fees, and requirements for each lender you consider.…