Category: Business Financing
4 Important Questions to Ask Before You Apply for a Business Loan
There’s no question the notion that it takes money to make money isn’t lost on small business owners looking for capital to fuel growth or fund other business needs. And, for many business owners, a small business loan is where they find it. Although borrowing capital from traditional sources like the bank is still a…
Loan Stacking is Bad for Your Business
Have you heard of loan stacking? If you’re unfamiliar with the term, loan stacking is where a loan or cash advance is approved on top of a loan or advance that is already in place with similar characteristics and payback terms. While many business owners may have not heard of the term, there are a…
Business Credit Cards: Why Your Small Business Should Have One
If you’ve been using your personal credit card for business use, it’s time to take a look at how a business credit card can benefit your small business, and make your life easier. Don’t think of adding a business credit card as one more task on your list; think of it as opening up a…
ACH Payments and Small Business Loans
I vividly remember the last time I wrote a check. It was yesterday. What I can’t remember is the time before that. In fact, it had been so long that I had to search through my desk to even find a check. If you’re like me, and many others, you seldom use checks anymore. In…
Should I Apply for a Business Credit Card, Line of Credit, or a Business Loan?
Deciding which type of credit is right for your business or your business purpose can sometimes be a challenge. And, in some cases there might be more than one way for a small business owner to access the credit he or she might need. A business credit card, a line of credit, and a small…
Does a Small Business Loan Make Sense for My Business?
Finding access to capital is a challenge for many business owners. It takes money to fuel growth—borrowed money for many small businesses. As online small business lending becomes more mainstream, and many business owners enjoy increased access, it becomes important to ask, “Does a business loan really make sense for my business?” I started working…
Cash Flow Problems? Here’s What You Need to Know
We all know how important cash flow is. A steady stream of income that’s more than enough to cover expenses is what helps us stay in business–it’s what makes our businesses function to begin with. When cash is flowing in, all is well. Clients are paying on time, there are no unexpected expenses, and stress…
5 Ways to Improve Your Business Credit Profile
No question, a good personal credit score is something every small business owner should build and maintain. Did you know your business credit profile may be even more important to some lenders for your business’ long-term ability to secure a small business loan? We recently shared some suggestions to boost your personal credit score, today…
Looking for a Small Business Loan? Loan Purpose Matters
It’s true, there are more options available today than ever before for business owners looking for a small business loan, but there isn’t really a one-size-fits-all solution. Understanding the relationship between why you need the loan and where you should be looking will help you find the right loan. Should your first stop be the…
PayPal Is Free: How the Split from eBay Affects You
Did you know that digital payments company PayPal recently split from e-commerce giant eBay? The separation was announced last September, and this July, PayPal officially became an independent, publicly-traded company once again. Since more than 169 million users have active accounts on PayPal, according to the company, all small business owners should be aware of the…
Boost Your Personal Credit Score: Take These Four Steps
For most small business owners, a personal credit score is still an important metric lenders may consider to measure your creditworthiness when evaluating your application for a small business loan. While different lenders weight the score differently, the benefits of building and maintaining a good personal credit score will likely never go away. With that…
What Do Business Owners Think About OnDeck?
We love hearing from our customers. Here are just a few of the comments we’ve received over the last 30 days: “OnDeck proved to be an excellent source for short-term financing that enabled us to manage cash flow. The process was straightforward and remarkably fast. I would not hesitate to recommend OnDeck to other companies.”…
Video: Tips for Running Your Small Business Better (Part 2 of 4)
Online lending, and crowdfunding, and invoice financing, oh my! The new world of business financing may seem daunting, but it doesn’t have to be. Find out more about the options available to small businesses like yours in this 2nd video from our “Tips for Running Your Small Business Better” video series. In this video, we’re…
21 Terms You Need to Know Before You Apply for a Business Loan
It is very important that a business owner understand key commercial lending terms when he or she decides which loan or even which lender is the right fit. With that in mind, here are 21 terms that we’ve tried to make easy-to-understand and that every borrower should be familiar with before they sit down with…
Got Student Loans? You Can Still Own a Small Business
Student debt can create a daunting financial maze for would-be small business owners. Recent research shows that regions where the population carries student debt boast significantly fewer small businesses. Does that mean that owning a small business is not an option for those with student loans to repay? Absolutely not. With careful planning, you can…