Category: Business Financing

SBA Working Capital Line of Credit: Everything Small Businesses Need to Know

SBA Working Capital Line of Credit: Everything Small Businesses Need to Know

Key takeaways: The SBA introduced a new working capital line of credit program in 2024. It offers up to $5 million in flexible working capital through revolving or non-revolving lines of credit. These loans are available to eligible businesses with at least 12 months business history. Find out whether this loan may be right for your business, and explore alternatives.  As a small business owner, having access to working capital can make the difference between taking advantage of opportunities, instead… Read More
Top Business Loans and Grants for Native American Entrepreneurs in 2024-2025

Top Business Loans and Grants for Native American Entrepreneurs in 2024-2025

There are about 49,000 American Indian and Alaska Native-owned small businesses in the US, according to US Census Bureau research. Indigenous entrepreneurs in the USA often face significant financial challenges, however: 56% of Native and Indigenous entrepreneurs cite financial issues such as raising capital or budgeting as their biggest challenge, according to a Breaking the Blueprint HubSpot blog survey. 16.3% of Native households don't use banks, due to high poverty rates, systemic racism, and lack of brick-and-mortar institutions on reservations,… Read More
When Can Your New Small Business Get a Business Loan

When Can Your New Small Business Get a Business Loan

Getting a small business loan for your new venture can feel like a catch-22: it takes money to make money. Lenders want to see a track record, but how are you supposed to get that?  Here we’ll explain when (and how) your small business can get a business loan. How Do Business Loans Work for a New Business Startup loans can be among the most difficult to get. Business loan requirements often consider three or four main factors: How long… Read More
Start and Fund a Pressure Washing Business This Year

Start and Fund a Pressure Washing Business This Year

Mause Ramirez, owner of MCS Cleaning Services in San Francisco is known as Señor Ramirez to his customers and community. He’s passionate about cleaning windows, and it shows.  “What I like most is the transformation of dirty surfaces, like fences or walls,” he enthuses.  “Many times, owners don’t realize that letting dirt accumulate on these surfaces can lead to deterioration, which can be much more costly to repair or replace,” he says. “Seeing the owner’s smile when they see the… Read More
These Are the Cheapest Franchise To Open and How to Finance Them in 2024

These Are the Cheapest Franchise To Open and How to Finance Them in 2024

If you want to start a business but don’t want to start completely from scratch, a franchise can be an appeal option. Franchises offer a structured business model with established systems and support. With a franchise, you can step into an existing brand and benefit from proven strategies, training, and ongoing assistance. Some franchises can cost hundreds of thousands of dollars or more to open, which puts them out of reach of many entrepreneurs.  But there are low-cost franchise options,… Read More
10 Small Business Loan Requirements (You Should Be Prepared For)

10 Small Business Loan Requirements (You Should Be Prepared For)

If you’re not sure how to get approved for financing options like small business loans, lines of credit, or even business credit cards, you’re far from alone.  In the Federal Reserve’s 2023 Small Business Credit Survey of non-employer firms, only 29% of business owners said they applied for financing in their first two years in business. Seventy-six percent reported using personal funds in response to financial challenges.  Once you understand what lenders are looking for, you’re in a better position… Read More