Business Loans
Business Loan Collateral and What Lenders Will Accept
You found a lender, the rate looks fair, and then the term sheet asks what you can pledge.
Your profit and loss report says you made $84,000 last year, yet the bank account never seemed to hold more than a few weeks of payroll.
Recent
Business Loans
You found a lender, the rate looks fair, and then the term sheet asks what you can pledge.
Business Credit Cards
Payroll is due Friday, the receivables are late, and your business card has $18,000 of open credit sitting right there.
Lines of Credit
Your business line of credit limit was set when your company was smaller, and now a single large order or a slow-paying...
Funding Readiness
A lender asks for your business debt schedule, and you realize you have never put every loan, card and lease on one page.
Cash Flow Management
A bigger client says yes to your quote, then asks for net 30 payment terms, and suddenly you are funding their business with...
Business Loans
You signed a five-year term loan, business picked up faster than planned, and now you want to pay the balance off early.
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Archive
Three people who have sat on different sides of a funding decision: a former underwriter who spent a decade deciding which loan applications got approved, a small business owner who has borrowed through a term loan, two lines of credit, and one merchant cash advance she still warns people about, and a bookkeeper who sees a client's cash flow problems months before the owner does. Every article carries a byline, and nothing runs that the writer has not actually dealt with.