Our Blog

5 Options for Restaurant Loans in Today’s Market

09 Jun, 2016 / Comments:Comments Off on 5 Options for Restaurant Loans in Today’s Market / By William Mahnic

There are over one million restaurants in the US, making it one of the most popular types of businesses to own. Being the owner of a restaurant is both an exciting and potentially extremely profitable affair. However, it can also come with major risk. In fact, only 40 percent of new establishments make it through their first year. If you are the owner of restaurant and want it to both thrive and survive, you need to have a good business plan, great atmosphere and food, as well as plenty of funds.

READ MORE

How to Get Business Loan Financing for Veterans

02 Jun, 2016 / Comments:Comments Off on How to Get Business Loan Financing for Veterans / By William Mahnic

Military veterans have several benefits that they are eligible for once they exit the military and become citizens once again. One such benefit is free help in locating and obtaining needed funds to start, run or grow a business. The Small Business Administration (SBA) works with the United States Department of Veteran Affairs to aid veterans in securing these types of loans. The SBA created the Patriot Express Pilot Loan Initiative in 2007 in order to provide veterans with easier access to funding

READ MORE

How do Hard Money Loans for Small Businesses Work?

30 May, 2016 / Comments:Comments Off on How do Hard Money Loans for Small Businesses Work? / By William Mahnic

Money does not always have to come from a bank in order to fund a business. Those businesses that cannot get a standard loan are not out of luck; they just need to go alternate routes, such as hard money loans. These loans are funded by private individuals or companies that have the money to lend out to people that run a small business and have collateral to provide in the event that they stop paying on the loan. The process of obtaining a hard money loan is much simpler than going through the underwriting

READ MORE

Tips for Funding Your Business with Peer to Peer Lending

26 May, 2016 / Comments:Comments Off on Tips for Funding Your Business with Peer to Peer Lending / By William Mahnic

Whether you are looking for funds to get your startup off of its feet or if your established business has hit a rough patch in terms of sales, sometimes you need a little extra cash to tide you over. Peer to peer lending works by helping savers who are looking for a better rate of return and businesses that need financing. However, before you dip your feet into this type of borrowing method, it’s best to follow these tips to fund your business successfully using P2P lending. Here are five tips

READ MORE

Financing Options for a First Time Business Owner

23 May, 2016 / Comments:Comments Off on Financing Options for a First Time Business Owner / By William Mahnic

Traditional loans can be hard to obtain when you are a first-time business owner. Without excessive capital and a credit history as a business, not many banks are going to offer a large number of business loans to get you started. Luckily, there are several other options available out there to help you get the money you need to get your business up and running.   Check with the SBA The SBA (Small Business Administration) is a great place to start your search for a small business loan. They offer

READ MORE

How to Get a Small Business Loan for Expansion

12 May, 2016 / Comments:Comments Off on How to Get a Small Business Loan for Expansion / By William Mahnic

Plain and simple—you need cash to operate your small business. However, the reality is that often your cash influx is erratic, making it tricky to meet your payroll or cover all of your expenses. Loans often play a significant role in the prosperity of small businesses, as they offer an instant supply of funding to ensure that business activity goes smoothly. However, a business loan is also an excellent tool for those who are looking to expand their company. If you are interested in growing your

READ MORE

Financing Options for a First Time Business Owner

09 May, 2016 / Comments:Comments Off on Financing Options for a First Time Business Owner / By William Mahnic

For first-time small business owners who have a lot of money in their savings account, the hardship of starting a business only lies with coming up with a good idea for one. However, the reality is that many new business owners are faced with the opposite problem—they have a great business idea, but no capital to fund it. Overcoming this financing hurdle is even trickier because first-time business owners are often turned away from a traditional business loan. However, all hope is not lost as you

READ MORE

Best Payroll Loans for Small Business

05 May, 2016 / Comments:Comments Off on Best Payroll Loans for Small Business / By William Mahnic

When considering a payroll loan, it’s crucial that you understand the various options that you have available to you to fund your small business. A payroll loan is a short-term, small loan that is unsecured. Here is an overview of the different kinds of payroll loans that you should consider when you are in need of working capital.   SBA Guaranteed Loan The term “SBA” often leads small business owners to be confused, as the Small Business Administration is not actually the one that lends

READ MORE

How to Get Government Loans for a Small Business

02 May, 2016 / Comments:Comments Off on How to Get Government Loans for a Small Business / By William Mahnic

Running a small business means you are in need of a decent amount of funds. Whether those funds are used to get you started, to purchase equipment, or to make improvements to your business property, there is a government loan available. The loans, called the government small business loans, are offered by individual lenders, but are backed by the government. This means that the government will repay the lender should you default on your loan. This makes it much easier for lenders to take the risk

READ MORE

Alternative Financing Options to Save your Small Business

26 Apr, 2016 / Comments:Comments Off on Alternative Financing Options to Save your Small Business / By William Mahnic

The financial crisis that our country experienced recently has left many banks without the desire to lend out money like they used to do on a regular basis. Due to this, many small businesses are suffering when it comes time to get a hold of money in order to expand their business or even to save it from destruction. Rather than losing your business, consider these alternative financing options that lead you the opposite way of the standard bank, but provide you with the capital that you need.   Online

READ MORE