Funding Readiness
Profit and Loss Statement for a Business Loan Application
You pulled a profit and loss statement out of your accounting software, attached it to a loan application, and the lender came...
You need $60,000 for equipment or a slow season, the bank turned down your business line, and your house has $200,000 of equity sitting in it.
Recent
Funding Readiness
You pulled a profit and loss statement out of your accounting software, attached it to a loan application, and the lender came...
Cash Flow Management
Most owners find out about their cash flow problems on the day payroll bounces or a supplier puts the account on hold.
Business Loans
A business loan denial usually arrives as a short email with one vague line about "credit policy," and it leaves you with no...
Business Credit Cards
You are carrying $18,000 on a business card at 24 percent APR, and the interest alone is eating close to $360 a month.
Alternative Funding
You just landed the biggest order your business has ever seen, and you cannot afford to fill it.
Lines of Credit
You compared three business lines of credit by rate, picked the lowest one, and then the first statement showed charges you...
Sections
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.