Category: Business Credit

When it comes to financing business growth, entrepreneurs have a growing number of options to consider, and determining which lender is right for you can be a bit of a headache. Two lending options that consistently make the top of the "best business loans" list are bank loans and SBA loans. They are generally the lowest cost options available, and offer the most flexible repayment terms, but are also the hardest to qualify for. SBA Loans vs. Bank Loans: What’s… Read More

If you’re looking for a new income stream, investment properties can be a smart strategy. The rental market is booming. According to Abodo, the national median rent for a one-bedroom apartment is $1,025.  If you want to become a landlord, you’ll likely need to take out an investment property loan to buy your first investment property. Here’s everything you need to know about your financing options.  4 types of investment property loans Preparing your business and business credit for a… Read More

What is an Income Statement? An income statement, also called a profit and loss statement (or P&L), is a helpful tool you can use to track the financial health of your business. It allows you to determine, at a glance, whether your business is making or losing money. Put simply, there are three main parts of an income statement: revenues, expenses, and profit. But how these are calculated depends on a number of factors.  As a business owner, you need… Read More

For real estate investors who make money by flipping homes, ARV is a critical metric for determining whether a property can be profitable. Short for after repair value, ARV tells you how much the home is worth after you’ve made the necessary repairs and renovations.  If you’re a fix-and-flip investor, it’s crucial not only to know how to calculate ARV but also to understand how to use the figure to maximize your profitability. What is ARV in real estate? Fix-and-flip… Read More

Brex is here to stay. The new issuer has already garnered plenty of attention with a lower barrier to entry for younger businesses than other business credit card issuers, and they’re not done yet. Brex recently added a welcome offer for their , giving cardholders 50,000 points for spending just $1,000.  For growing businesses, the Brex card is a welcome change to the business card industry that would otherwise leave them on the sidelines. Because it’s a charge card, not… Read More

If you’re planning on flipping houses for profit, or fixing up rental properties you can hold long term, you’ll likely have to make significant repairs and renovations to the homes you buy. You’ll probably need a rehab loan to pay for the property and its repairs.  Instead of applying for multiple loans, such as a mortgage and a separate home renovation loan, with this approach, you buy or refinance a home that needs repairs and roll the cost of the… Read More