-
The Sole Proprietor’s Guide to Securing Business Financing
As a sole proprietor, you’re the captain of your own ship. You’ve got the freedom to steer your business wherever you want, but let’s face it – sometimes the waters get choppy, especially when it comes to financing. If you’re nodding your head right now, you’re not alone. Let’s dive into the world of sole…
-
Swish Funding’s Best Credit Cards of December 2024
Navigating the many different credit card options can be daunting, especially when each card is geared towards a different consumer profile and perks can wildly vary. To help, we created this list of the top credit cards to consider based on their respective categories. Best Credit Cards of Ink Business Preferred® Credit Card: Best…
-
What is CrowdFunding and How Does it Work?
Crowdfunding for your small business offers a unique and innovative way to acquire capital without the hassle of traditional methods, such as loans or investments. The basic idea is simple: you create a project online that presents your business plan, set up a crowdfunding goal for how much money you want to raise, and then…
-
Importance of Opening a Business Line of Credit for Small Businesses
Opening a business line of credit is an ideal option for small businesses looking to grow and expand their operations. It provides a constant source of liquidity, allowing you to fund regular expenses or take advantage of unexpected opportunities without having to wait for reimbursement from customers or lenders. A business line of credit also…
-
Do You Need Fast Funding For Your Small Business?
Getting fast funding loans for your small business can be a difficult and time-consuming process. That’s why it is important to understand the different types of loan options that are available to you as a small business owner in order to make a decision about which loan is best for your needs. Merchant Cash Advance…
-
Working Capital Term Loan For Small Businesses
A Capital Term Loan (CTL) is a financial product designed to provide long-term financing to small businesses. It is a loan that provides working capital or funds for specific business activities such as purchasing equipment, expanding facilities, or covering operating expenses. CTLs are typically secured by collateral and have terms ranging from six months to…
-
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…
-
Small Businesses: How To Manage Your Loans During A Recession
Understanding what a recession is and how small businesses should manage their loans during one are important steps in planning for the future. What is a Recession? A recession is a period of economic decline that lasts more than a few months, typically lasting six months or longer. It is characterized by reduced spending, unemployment,…
-
How SBA Loans are Affected When Interest Rates Rise?
As interest rates continue to rise, the cost of taking out SBA loans is also increasing. With an estimated decline in loan applications of 15 percent or more, small business owners are feeling the pain in their pocketbooks as they must now pay higher costs to take out loans. When Interest Rates Increase Interest rates…