Browsing Tag

small business loans

13 posts
small business recovery
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Small Business Check-In: Which Sectors Are Recovering Better and Why?

March 2020 was a month no business owner will soon forget. The country was locking down, and our small business clients were struggling to understand the rapidly changing news cycle, a patchwork of local ordinances and vast changes to customer demand. Over the next several months, small businesses were forced to make the hard decisions...
e-commerce business loan
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Traditional vs. Alternative: Which E-Commerce Business Loan is Best for Me?

E-commerce is the future of retail. E-commerce sales in 2020 accounted for 14% of all sales in the country, and it’s estimated that there will be 2.14 billion global digital buyers in 2021. Every e-commerce business faces unique challenges, such as stiff competition, online compliance, delivery, lead generation and conversion. To overcome these hurdles, you...
e-commerce financing
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E-Commerce Financing: Funding Your Online Business

It’s a Catch-22: you sell your products to make money, but you need money to buy those products to sell. What if you don’t have the working capital on hand to do so? That’s where e-commerce funding comes in. You can take out a loan to purchase what you need, then pay it back from...
Term loans
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A Quick Guide to Term Loans

From small business loans to business credit cards, there are many options available for entrepreneurs to finance their projects. When you have an investment opportunity that will create a steady stream of revenue, you’ll often find that a term loan provides several benefits. With term loans, a business owner borrows a lump sum from a...
Loans
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The Pros and Cons of Small Business Loans

Most growing businesses will need to borrow money at one point or another. Whilst taking on debt is inherently risky, it is often vital to power business success, fund a major marketing campaign or simply deal with an unexpected cash flow crisis. So what are the pros and cons of taking out business loans? The...
funding source
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Which Funding Source is Best for Your Business?

Before exploring the topic of traditional banks versus online lenders as a source of startup funding, it's interesting to learn where typical startups get their funding today. While no two startups are exactly the same, founders might gain valuable insight by learning how other new companies have raised the capital to manage daily operations and...
Small Business Loans
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Small Business Loans: How to Simplify [Video: Part 2 of 2]

We’re back for the second part of our collaboration with StartupNation. My name is David Haber and I am the co-founder and CEO of Bond Street, a company that provides small business loans. So far, you’ve learned what to use a small business loan for, the difference between debt and equity financing and the basics of...
Small Business Loans
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Small Business Loans: How to Simplify [Video: Part 1 of 2]

My name is David Haber and I am the cofounder and CEO of Bond Street, a startup that aims to make access to capital for small business owners more simple, transparent and fair. We are excited to collaborate with StartupNation to bring you this video series on small business loans. We created this class because we wanted...
financials
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Getting Financials Ready for the Bank

The SBA operates two primary loan programs, known by the sections of the regulations that created them: 7(a), which provides general funding for establishing a new business or expanding an existing business; and 504, used to purchase major equipment or real estate. For the fiscal year ending April 25, 2015, the Small Business Administration funded...
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What Business Owner’s Can Do To Gain Capital

Banks aren’t lending-despite reports the economy is getting better. So, what does this mean for small business owners and people trying to start their own business? Basically people are going to need to get a little creative when it comes to getting money from banks. If you don’t have a perfect credit score, you have...
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Merchant Cash Advance Financing: An Alternative Option with Today’s Economy

Cash flow is what businesses rely on the most to stay afloat. According to the SBA, roughly 50% of small businesses fail within the first five years. Businesses fail for many reasons including bad market opportunities, poor management, lack of competitive advantage, competition with larger players, and cash flow. Commonly, entrepreneurs underestimate the capital needed...
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Small business loans grubstake entrepreneurs

Huh? I subscribe to a daily 'Word of the Day' email from Merriam-Webster and the other day the word was grubstake. grubstake GRUB-stayk verb : to provide with material assistance (as a loan) for launching an enterprise or for a person in difficult circumstances Apparently, the word gained footing during the California gold rush, and...