-
What Happens If I Can’t Repay My Merchant Advance?
What Happens If I Can’t Repay My Merchant Advance? Merchant cash advances (MCAs) offer fast access to funds, but they come with serious risks—especially if your business runs into trouble repaying the advance. Here’s what can happen if you can’t meet your obligations, and how to manage risks before they get out of hand. Impact…
-
Types of Restaurant Loan
Restaurant Loans Opening or expanding a restaurant requires significant funding. Restaurant loans are tailored financial solutions designed to help owners cover key expenses—like equipment, renovations, staffing, and startup costs. This guide outlines types of loans, eligibility, the application process, and tips to secure the best terms. Types of Restaurant Loans SBA Loans: Popular options like…
-
Chase Slate Edge℠ Credit Card: A Game-Changer for Smart Credit Management
In a world where credit cards seem to be everywhere, finding one that truly caters to your financial needs can be a daunting task. However, there’s one card that has caught the attention of savvy money-savers and budget-conscious individuals alike: the Chase Slate Edge℠ credit card. With its unique features and benefits, this card is…
-
Small Business Guide: Refinancing a Business Loan
Small business loan refinancing is a great option for businesses that need to access more capital or restructure their existing debt. By refinancing, business owners can secure better terms on the loan, free up cash flow and reduce their overall borrowing costs. Loan Refinancing Consideration When considering loan refinancing, it’s important to analyze your current…
-
Debt Restructuring: What It Is and How It Works
Debt restructuring is an important tool for small businesses to manage their debt. It allows them to negotiate with creditors, or lenders, such as banks and other financial institutions, on repayment terms that better suit their current needs. With debt restructuring, a business can make changes to their existing loan agreement or create a new…
-
What Risks Does Your Small Business Face When Applying For a Loan?
When applying for a loan, small businesses must be aware of the risks involved. Not assessing the potential risks can put your business in jeopardy and cause lasting damage to its reputation. Too Much Debt One of the most common risks associated with applying for a loan is taking on too much debt. Small businesses…
-
Understanding Secured and Unsecured Business Loans.
Secured and unsecured business loans are two types of financing solutions available to small businesses. Business loans provide the necessary funds needed to purchase equipment, start new projects, hire employees or expand operations. Understanding the differences between secured and unsecured loans is important when deciding which type of loan best suits your business’s needs. Secured…
-
What is Compound Interest and How Does It Work?
Compound interest is an interesting financial concept that affects the lives of many people and businesses around the world. Compound interest is a type of interest which is calculated not only on the initial principal amount, but also on any accumulated interest from previous periods. This concept can be quite advantageous for those with long-term…
-
What is Debt Mediation and When Should You Consider it?
The global economy is still reeling from the effects of the pandemic. Small businesses have suffered greatly due to restrictions implemented by governments and the lack of customers. Debt has become a major problem for many small businesses who are struggling to make ends meet. Debt mediation is a process that can help small business…