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Business Loans

Collateral Loans for Small Businesses

Are you an entrepreneur, or are you looking to jump-start your own business? If so, you’re probably wondering how to acquire necessary funds to get off the ground, or how to get additional funding to scale your business. While there are several established ways to get funding, in this blog post, we will discuss a type of loan called “collateral loans” and how it can be an option for small business owners. A collateral loan (often referred to as a “secured loan” or “asset-backed loan”) is defined as a commercial loan in which an asset is pledged as collateral that …

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How Much Collateral Is Needed for a Business Loan

If you’re seeking a business loan, putting up collateral may be a sound decision. With collateral, you can often get better conditions, such as lower interest rates, a larger borrowing amount, or a longer repayment period. But how much will you need? Here are four major elements to consider when seeking an asset-backed loan. 1. Borrowing Amount How much you plan to borrow may be the single most important factor when it comes to determining the collateral needed for small business loans. The purpose of collateral is to ensure that the lender is able to recoup its losses if you …

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How Small Business Owners Can Benefit From Asset-Backed Loans

If your small business is struggling with cash flow problems, there are plenty of readily available options for you to consider. Competitive business loans provide you with the extra time and money you may need for both personal and business use. Asset-backed loans, specifically, are great business loan considerations in situations where you may need quick cash or additional investment capital. One of the most significant hurdles between a struggling small business and a booming large business is cash flow issues. For your business to flourish, sometimes you need a quick influx of cash. Asset-backed loans provided by an online …

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How to Qualify for a Business Loan

Capital – all businesses need it to survive and thrive. So what do you do if your small business is just starting out or you need more cash to fund your business while building up revenue? Small business loans are the traditional route many entrepreneurs choose to fund their ventures. As a new business owner, you might wonder how to qualify for a loan for your business, but the answer is not as cut and dry as you might think. There are several factors banks and lending companies take into account when deciding whether or not your small business will …

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How to Get $2,500 Fast

In a pinch and need to borrow money fast? Maybe you just need enough to make it to the end of the month or for unexpected car repairs. Often times a small bank loan just isn’t quick enough to cover your needs in situations such as these, plus they require a lot of paperwork and title loans have insane APR’s and late fees. Is there another option to get a quick loan–without having to call your rich uncle? The answer is a resounding yes and you can even get approved without having to leave your couch. Pawngo was the first …

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How to Finance the Purchase of an Existing Business

Purchasing an existing business is an exciting, hopefully lucrative, yet daunting task. From negotiating with the seller to obtaining financing, trying to obtain leverage from a traditional bank, or perhaps working to secure investor capital, it’s definitely an involved endeavor. In fact, many people decide not to follow through with it because they don’t know how to finance such a large purchase upfront. That’s where small business loans come in. In the past, people have traditionally gone with standard business acquisition loans like a SBA 7(A), but in today’s modern market there are other options to consider that may work …

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How Much is a Small Business Loan?

If you’re new to the world of small business, you may need additional capital and you may ask yourself how much is a small business loan? As a startup, you’ve no doubt incurred significant expenses and loans that help you stay afloat, but at what cost? There are several types of small business loans – all with different terms and conditions, fees, and APRs. They also require tax returns, credit checks, liens, and long waiting periods. So how do you pick the type of funding that’s right for you? How much does a small business loan cost? Popular Types of …

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How to Get a Business Loan with a Bad Credit Score

Being a business owner is a career dream for many, holding endless possibilities for financial, personal, and professional success. You can be your own boss, work towards your personal advancement, and wake up every day to a job that you’re passionate about – it’s no surprise that countless people hope to open up their own business someday. Unfortunately, for many people, their dream begins and ends with the realization that they’ll need to secure a private company loan in order to fund their business in the early stages, as well as during periods of expansion or growth. Qualifying for a …

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