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6 Tips for Getting a Business Loan with Bad Credit

29 Mar, 2016 / Comments:Comments Off on 6 Tips for Getting a Business Loan with Bad Credit / By William Mahnic

Many small and even medium-sized companies require additional capital in the first years of operating to overcome a lack of cash flow, enter into new markets, or expand their product line or services. As a business owner, you may find yourself in the position of needing capital without the necessary credit score to do so through traditional means. However, if you have not had the chance to establish a strong business credit history or if your personal credit score is lacking, then all hope is not

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5 Challenges and Solutions to Getting a Business Bank Loan

09 Feb, 2016 / Comments:Comments Off on 5 Challenges and Solutions to Getting a Business Bank Loan / By William Mahnic

Nobody likes to be rejected. Whether you get turned down by someone you love or from a bank, it is not a great feeling. If you are a small business owner, then you likely know the challenges of obtaining a loan from a bank. In fact, in 2014 only half of small companies that applied for a loan received funding according to one study done by the Federal Reserve Banks. We’ve put together a list of challenges that small businesses face when they wish to obtain a small business loan from a bank, as

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6 Alternative Funding Options that May Be Right for your Small Business

02 Feb, 2016 / Comments:Comments Off on 6 Alternative Funding Options that May Be Right for your Small Business / By William Mahnic

Funding a small business does not have to mean large business loans and extremely high interest rates. There are many ways you can get the money you need without stepping foot in a bank or filling out an application. The key is to be creative and think outside of the box. Look at the resources around you and determine how you can use them to your advantage to get the funds necessary to get up and running or even to keep your business going.   1.  Angels Come from Everywhere Angel investors

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The Importance of a Strong P&L Statement When Seeking a Business Loan

25 Jan, 2016 / Comments:Comments Off on The Importance of a Strong P&L Statement When Seeking a Business Loan / By William Mahnic

As a small business owner, you are likely constantly looking for ways to make your company more profitable. One way to do this is to use a small business loan to put towards investing in your business, whether through hiring new employees or purchasing new equipment. However, obtaining a small business loan is easier said than done, as many factors go into whether or not you can meet the criteria for one. That being said, one solid way to ensure that you can snag a small business loan that has favorable

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