Category: Business Financing

Overhead Expenses: What Small Business Owners Should Know

Overhead Expenses: What Small Business Owners Should Know

All business owners can attest to the fact that it takes money to make money. Costs associated with product and service creation are known as "direct costs''. Expenses that are not directly associated with creating a service or product are called “overhead costs” or “indirect costs.” If you are not careful as a business owner, your overhead costs could drain your revenues. Take the time to understand how to calculate overhead costs. Knowing these numbers can also help you cut… Read More
The Best Loans for Marketing a Restaurant

The Best Loans for Marketing a Restaurant

Marketing is an essential part of any business but can be harder to do without working capital. For small businesses like restaurants, marketing allows you to reach a wider audience or customer base, keep your current customers or clientele, and help with the overall growth of your business. Factoring in a budget for marketing can be costly but isn’t something you should be footing the bill for out of pocket or using your personal credit.  Thankfully, there are many loan… Read More
The Best $40K Business Loan Options

The Best $40K Business Loan Options

If there is one thing that business owners always think about, it’s how and where they can get financing for their business. It can be scary to have a good idea for a business but no money to start it or continue to grow it. Until your business is up and running and making a consistent revenue stream, it's unlikely that a bank will be interested in you. The good news is that nothing should stop you from trying. Most… Read More
What Is Expansion Financing?

What Is Expansion Financing?

When your business is growing you may need financing to achieve your goals. Expansion financing refers to all types of financing that are used to grow your business. There isn’t a single type of financing that’s best. Here we’ll cover the types of expansion financing that may be available and which ones may be a fit for your business. What Is Expansion Financing Used For? Expansion funds are meant to help you grow your business. You’ll use funding for whatever… Read More
How to Get the Best Truck Repair Loans

How to Get the Best Truck Repair Loans

Owning and driving a semi-truck can be an expensive endeavor. Beyond the money needed to buy the truck itself, there are also repairs, which can be very costly. If you run a trucking business, the costs for repairs can add up fast. Luckily, there are several financing options for semi-truck owners who need help paying for truck repairs.  Read on to find out how to get the best semi-truck repair loans for your needs.  Common Reasons Owner-Operators and Professional Truck… Read More
Restaurant Improvement Loans and Financing Options

Restaurant Improvement Loans and Financing Options

If you’re a business owner in the restaurant industry, then you understand the importance of your restaurant's being up-to-date to have success. Whether you’re opening a new restaurant, establishing a new location, or renovating an already existing one, a restaurant improvement loan and other financing options can help. Some financing options include: Traditional bank loansBusiness line of creditEquipment loansCommercial real estate loansMerchant Cash Advance Small Business Administration (SBA) loans This article explains your financing options and how they can help your… Read More