Browsing Tag

business line of credit

11 posts
alternative lending
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Alternative Lending Options for Small Businesses in 2021

All businesses require funds to operate. Maybe when you first opened your doors, you used your own savings or received microloans from family or friends. But as businesses grow, it's sometimes necessary to obtain outside financing. The majority of business owners usually opt for traditional bank loans or loans from the Small Business Administration (SBA)....
to do after PPP loan
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6 Things to Do After Receiving Your PPP Loan

You’ve gotten your PPP loan, spent it properly and hopefully qualify for full forgiveness. Congratulations! What’s next? StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Here are six steps you can take now, after receiving and spending your PPP loan, to help ensure your business continues on the road to recovery:...
Alternative Financing
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5 Alternative Financing Options That Help Startups Access Funding Quickly

Securing funding can be difficult for new entrepreneurs, especially given how stringent banks are when qualifying potential borrowers. However, numerous alternative financing lenders offer a wide array of potential financing options that are accessible to startup founders. In this article, we explain what some of those funding options are. StartupNation exclusive discounts and savings on...
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Do You Qualify for the $367 Billion in SBA Loans for COVID-19?

This article was updated on March 27, 2020, with the current state of the SBA Disaster Assistance in response to the coronavirus (COVID-19), what’s included within the $2 trillion aid package, when we can expect the aid to be available, and the process for applying for the relief. The SBA Disaster Assistance bill (CARES) that...
cash flow
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8 Steps to Make Your Startup’s Cash Flow Positive

Cash flow is the lifeblood of any business. Without cash on hand, you will be unable to pay your staff and your bills, invest in growth or buy raw materials to service new customers. Further, if you think that cash flow problems only affect companies with marginal profitability and poor prospects, think again: as your...
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How to Use Payroll Financing to Grow Your Business

Every business has one or more growth bottlenecks. For successful service-oriented startups, the bottleneck is often their biggest expense: payroll. The employee side Consider a service company experiencing a growth phase. Initially, things appear to go well. The startup is adding clients and deploying staff to service those clients. Eventually, though, the company reaches a...
business line
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Why Every Entrepreneur Should Open a Business Line of Credit

Cash flow is one of the top concerns for small business owners and entrepreneurs, according to a recent report on the state of small business. That’s because having consistent cash flow is a necessity for success in any field. Unfortunately, the ebbs and flows of business, slow paying clients, operating expenses and other factors can...
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Find the Best Business Loan Depending on Your Credit Score

Almost every startup needs to borrow at one time or another. However, that doesn’t mean they’re equal when it comes to seeking finance. In short, your credit score and trading history will decide who will lend to you – and on what terms. So what are the potential business loan options? If you have a...
working capital
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5 Ways to Get Access to Working Capital (and Fast!)

Does your business need a fast cash injection? The good news? You have options. Remember: Businesses rely heavily on lenders, so don’t be hesitant to go to one. Nearly 75 percent of small business funding comes from lenders, according to the Small Business Administration (SBA). Clearly, you have options to avoid cash flow issues, a common...