When Your Business Needs a Boost: Understanding When to Borrow Every successful business, from the corner coffee shop to the tech startup, experiences growth spurts and unexpected challenges. And often, these pivotal moments require more capital than what's...
Beyond Bootstrapping: 4 Key Signs It's Time to Borrow for Your Business As a business owner, your goal is to be self-sufficient. The idea of taking on debt can feel counterintuitive, even a little intimidating. However, in my years as a business lending expert,...
The Borrower’s Roadmap: How to Secure Financing for Your Business You’ve identified a strategic need for capital—to expand, buy equipment, or manage cash flow. That’s the crucial first step. The next, however, can feel like navigating a maze: How do you...
Debt as a Tool, Not a Trap: Overcoming the Fear of Business Borrowing For many entrepreneurs, the word “debt” triggers a visceral reaction. We’re taught to avoid it in our personal lives, so it’s natural to carry that caution into our businesses. This fear,...
Leverage for Liftoff: Why You Should Borrow for Your Business In the world of entrepreneurship, "bootstrapping" is often worn as a badge of honor. While building a business solely on your own cash is admirable, it's not always the smartest or fastest path to...
Don't Mix Your Money: A Deep Dive into Business vs. Personal Loans for Entrepreneurs As a business owner, you live in a world of opportunity. A brilliant idea for a new product line strikes, a game-changing piece of equipment goes on sale, or a massive new...
Applying for a business loan can feel like preparing for a final exam. Many business owners think the process begins when they fill out the first application, but by then, the grade is often already decided. From a lender’s perspective, the most successful applicants...
Credit scores are a major factor used to determine if someone is credit-worthy. Most people acknowledge the purpose of the score but do not necessarily understand how they are determined or how to improve low scores. Here are some often-asked questions concerning...
Credit scores determine everything from eligibility for mortgages and car loans to opening a new credit card. But trying to understand your credit score can be unnecessarily complicated and intimidating. In order to try to help, here is a breakdown of the five...
Credit card debt can sneak up on anyone, even if you’re punctual with your bills. Paying off the whole balance at the end of every month sometimes just isn’t an option, and so your interests rates starts piling up until you feel as though you are running out of...