Financial tools and management
The Simple Task That Could Help You Get Approved For A Business Loan
This article originally appeared on Forbes.com
Levi King, CEO & Co-Founder of Nav.com
The devil is in the details. And when you’re applying for a business loan, there are a lot of details.
Which Crowdfunding Platform is Right for Your Business?
As a small business owner, you’ve probably found yourself in the position of needing extra funds to help you expand, whether you need to buy equipment or you have a new product idea you need help developing. Traditional financing like a bank loan can take months to close between the application and approval phases, and you probably don’t have the time to wait, especially if you need a relatively small amount of cash.
The True Cost of Traditional Financing Products
Small business owners seeking funding to start, operate, or expand their businesses often fall prey to lenders who are deceiving about the costs associated with borrowing. Monthly interest rates alone are not an indicator of the overall cost of a loan. Predatory lenders may hide additional costs, such as the annual percentage rate (APR), closings costs, service fees, and other fees or penalties. If you are a small business owner looking for financing, it is essential that you do your research not only to calculate cost accurately, but also to become aware of all lending options available to you.
What Small Businesses Want Most for National Small Business Week 2018
National Small Business Week, which began on Sunday, April 29 and runs through Saturday, May 5, is a time to highlight the role small businesses play in our economy. Small businesses represent 99% of all employer firms and account for half of our nation’s jobs and economic output. Innovation by small businesses spurs growth throughout the entire economy and boosts prosperity in their local communities, and NSBW is an important time to celebrate these contributions.
National Small Business Week Provides Resources, Guidance and Inspiration for Small Business Owners
This article originally appeared on Forbes.com
Rohit Arora, Forbes.com Contributor
Take Control of Your Financial Future During National Financial Literacy Month
April is often associated with spring cleaning and reorganizing, which means you finally made the time go through that overflowing junk drawer or to organize last year’s financial statements for the tax filing deadline. But when it comes to your finances, you can use this time to do more than just file your tax return documents thanks to the resources provided as part of National Financial Literacy Month.
Term Loan APR Calculator
Compared to bank loans, the application process is a lot more pleasant. The interest rates are higher than what banks would offer but it’s more accessible and convenient. Some common term loan providers are Funding Circle, Dealstruck, and Fundation.
Merchant Cash Advance APR Calculator
A merchant cash advance (MCA) is a type of financing in which a business sells a percentage of their future credit/debit sales for an upfront amount. The MCA lender gets paid by directly debiting the card receipts from the merchant’s account daily, before the business itself can access any money from sales.
3 Reasons to Refinance Your High Cost Business Debt
This article is from Excelsior Growth Fund, a Venturize supporter.