If you're a small business owner and need to borrow money to grow your company, many options are out there. You can choose from bank loans and lines of credit or consider other non-bank lenders that specialize in helping small businesses. This article will help you understand some of the different types of loans available to small business owners.
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The Home for Small Business News and Growth Advice
It's a well-known fact that businesses wouldn't run as efficiently without access to working capital. Even with funds allocated for your business, unforeseen expenses pop up from time to time. One of the best ways to address this issue is through small business loans and lines of credit. A common question that arises is, "is it possible for someone with bad credit to get approved for small business loans?" and the answer is, Yes!
Read MoreFiling an LLC (Limited Liability Company) provides small businesses with some of the advantages of incorporating (starting a corporation) while preserving simplicity through minimal compliance formalities. I’ve assembled a comprehensive list of FAQs about the LLC so that you can learn more about the potential benefits, LLC filing requirements, and more.
Read MoreIf a goal without a plan is just a wish, then a small business without a budget is just a side hustle.
Having a well-thought out budget is the key to reaching your short and long-term business goals. It gives you an opportunity to plan how you’ll spend your money in the future, and can help you spot issues with your finances straight away—and, ahem, not two days before your bills come due.
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