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The Average [2019] Interest Rate on a Business Loan

Small business loan interest rates vary widely between lenders and depend on a number of factors. To find and qualify for the cheapest loans, you need to not only compare options but also consider the qualification requirements of each lender. Stricter requirements often mean you have to go through a more complicated application process toRead More

What is Working Capital? How to Calculate it and Find the Best Loan for Your Restaurant

Having enough working capital is vital for keeping things moving in a positive direction as you round the corner after your first year or two in business. 70% of restaurants that make it past the 1-year benchmark close their doors over the next three to five years, as growth-related expenses climb and traffic doesn’t. But,Read More

How to Always Pay Employees (Even When You Can’t Swing It)

Trying to keep on top of small business payroll is a common struggle. A survey by Intuit showed 32 percent of small business owners have trouble covering expenses, and this can lead to some serious consequences. Business owners failing to pay their employees may be subject to fees and penalties, or even lose their licenses.Read More

Businesses Prepare for 2019 Economic Slowdown with Revolving Credit

It’s true that nothing good lasts forever, and this is especially true in regards to the wildly fluctuating state of the economy. While 2018 proved to be a great year for businesses nationwide, predictions from leading economists warn that this period of tremendous growth is not likely to last in 2019. So, why is anRead More

8 Reasons NEVER to Use Your 401K to Get a Small Business Loan

If you’re considering using your 401K funds to get a small business loan, or fund your business goals in any way – DON’T. This is a dangerous trend that is robbing new and established business owners from their retirement…for no good reason. Why Trade 401K Funds for Business Loans? Why, indeed. Entire businesses are beingRead More

3 Ways to Pay Business Taxes When You Don’t Have the Cash

If you owe more in business taxes on March 15 than you thought, but don’t have the cash to pay them off, you’re not alone. It happens to all business owners at some point. Calm down, cool off, and take a look at your list of options below. 3 Ways to Pay Business Taxes WhenRead More

SBA Shutdown Raises Demand for Revolving Credit Lines

With the government shutdown still in effect (the longest in US history), millions of businesses that need SBA funding to grow are left waiting for their doors to reopen. Fortunately, business owners are quickly realizing that they don’t have to, with a variety of financing options still available that are highly-effective in providing the cashRead More

Fixed vs. Variable Rate Business Loans: Which is Right for You?

Deciding between whether it’s best to use fixed or variable rate business loans can get really frustrating, really fast. At least, that’s what most lenders with crumby financing products would have you believe. The truth is, choosing the right interest rate plan to suit your business needs – while paying the lowest amounts on interest possibleRead More

The Seven Deadly Sins of SBA Loan Applicants

There’s seven deadly SBA mistakes that land small business owners in hot water during and after the funding process. Learn how to avoid them to get the funding you need through a faster, easier and smoother process. The Seven Deadly Sins of SBA Loans Is your obsession with SBA loans clouding your judgement? Most small businessRead More

Small Business Optimism Continues to Drop in 2019

According to the National Federation of Independent Business’s (NFIB) monthly Optimism Index, small business optimism is on the downwards spiral in 2019. But that doesn’t mean many of the nation’s leading economists and small business CEO’s don’t expect to see continued growth in the new year. So – what does that tell you? Let’s breakRead More

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