Working capital loans are often used by businesses to cover their short-term capital needs. This may include paying regular operating expenses, such as payroll, utilities and supplies, or meeting unexpected needs that aren’t within the budget. Working capital financing can come in the form of small-business loans or alternative forms of business funding. What is a working capital loan? A working capital loan is a form of financing used to supplement your business’s available cash…
Read More »Whether you have done it before or you’re new to the process, applying for a small-business loan can be frustrating and difficult to navigate. In the Federal Reserve’s 2023 Small-Business Credit Survey, over half of business owners who reported feeling discouraged from applying for funding cited lender requirements as the reason. With large banks in particular, a difficult application process was one of the top challenges borrowers faced, second only to high interest rates. To…
Read More »A business acquisition loan is designed specifically to finance the purchase of an existing business or franchise. These small-business loans are available from banks, credit unions and online lenders. The best business acquisition loan will be the most affordable option you can qualify for to meet your needs. How much do you need? See Your Loan Options with Fundera by NerdWallet We’ll start with a brief questionnaire to better understand the unique needs of your…
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