Category: Business Financing
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…
3 Types of Financing that Make Sense for Funding Inventory
Keeping the shelves stocked with what customers want to buy is sometimes a challenge for a small business owner trying to manage his or her other cash flow needs too. Fortunately there are inventory-financing options that can help you keep inventory on the shelves and your cash flow under control. What Type of Inventory Financing…
When Do Short-Term Business Loans Make Sense for Your Business?
There was a time not too many years ago when the local bank was the only place to get a small business loan. For a number of reasons, that isn’t always the case today. In fact, loan purpose, credit profile, and other factors play an important role in determining where a small business owner should…
A Business Line of Credit – What You Need to Know
Similar to a personal line of credit that leverages the equity in your home to provide extra cash for home improvements or other household needs, a business line of credit is a revolving credit line that gives business owners access to a fixed amount of money they can use to meet short-term capital needs. A…
5 Tips to Help You Qualify for a Business Credit Card
The temptation to use personal credit to pay for business expenses can be tempting for many small business owners—particularly when other small business financing is so hard to come by. Nevertheless, you should avoid the temptation. Using your personal credit cards, for example, to pay for business expenses can actually damage your personal credit score,…
Leasing vs. Buying: What Makes Sense for Your Business?
You don’t need to be a construction company that uses heavy equipment or a manufacturer who needs machine tools to take advantage of equipment leasing or an equipment loan. Almost any equipment required to do business can qualify—including computers or even a pizza oven. Think of equipment with a high dollar value that is considered…
Understanding Common Small Business Loan Terms
There’s a lot that goes into choosing the right small business loan. In a previous blog post we talked about some of the common qualifying criteria associated with a small business loan, today we’re going to talk about some of the common loan terms, typical loan amounts, and how long it takes to get funds…