Browsing Tag
invoice factoring
15 posts
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)....
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...
4 Types of Interim Financing While You Wait for SBA Assistance
Congress has passed the CARES Act, which includes more than $367 billion in loans for small business owners through Small Business Administration lending programs. These loans come in the form of: Economic Injury Disaster Loans of up to $2 million SBA 7(a) loans for 2.5 times the previous 12 month’s average monthly payroll (up to $10...
Everything You Need to Know About Small Business Financing
While obtaining funding as an entrepreneur is not always easy, there are methods to make it easier. These financing solutions support startups and entrepreneurs, and the companies that provide these solutions understand the challenges that small businesses face when it comes to traditional funding methods. To meet the needs of small business owners and entrepreneurs,...
How to Eliminate Your Startup’s Cash Crunch with Invoice Factoring
Entrepreneurs are the unspoken heroes of the American economy. These risk takers set out to change the landscape of an industry by doing what they love. Oftentimes they take out personal loans, tap into their retirement, or request second mortgages on their homes to start the endeavor they are so passionate about. This passion to...
Can You Get a Business Loan with Bad Credit?
Let’s say you’ve identified an opportunity for your business. It might be a bulk deal on inventory, a necessary equipment upgrade, or a great space for a second location. There’s just one problem: You don’t have the cash available to take advantage, and you have bad credit. But is all hope lost? The short answer...
A Startup’s Guide to Alternative Finance
As an entrepreneur, your next venture may be fully developed, and your business model mapped out, both technically and operationally. But in order to kickstart your business by legally establishing the operating structure and opening your doors to customers, you need fuel. That means raising money, and a fair share of it. In an era...
5 Ways to Fund Your Startup Without Giving Up Equity
The press tends to glamorize equity investments, and as a result, venture capital investments get plenty of press coverage. Startup founders are often hailed as heroes when they secure a round of funding. The reality behind the scenes is more complex. By selling a piece of your company, you surrender some control (and future gains)...
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...
7 Ways to Fund Your Startup When You Don’t Want to Give Up Equity
You know your business idea has the potential to take off and become a runaway success. The problem is that you need money to get to market and make sure that everyone knows about your business. What is a founder to do? While you could seek out venture capital, that means you’ll have to give...
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...
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...
Credit, Loans and Factoring: Find the Best Funding Option for Your Startup
Securing funding is one of the biggest challenges faced by entrepreneurs. It is especially challenging for smaller and newer businesses that have a limited track record and few assets. Most businesses start with financing from the owner, and perhaps family and friends, but as the business grows, outside sources may be required. There are a...
Inventory Financing: Is it right for your business?
Is Inventory Financing Right for Your Startup? Inventory is one of the most difficult things to manage for a startup or small business. It requires a delicate balance between your cash flow and your products. Mistakes are usually expensive. Too much inventory ties up valuable cash flow in unsold stock or raw materials that just...
Running out of cash? What do you do now?
5 Useful Options if Your Startup is Running Out of Cash New or fledgling businesses are often particularly susceptible to the pressures that cash flow constraints can impose and finding quick access to funding can sometimes be the difference between making progress and vanishing without trace as a startup operation. With that in mind, here...