Category: Business Financing

What Small Business Owners Should Know about 0% APR Credit Card Offers

What Small Business Owners Should Know about 0% APR Credit Card Offers

Given the opportunity to borrow money with no interest to start or grow their business, many small business owners would jump at the chance.  By using business credit cards with 0% introductory APRs, many small business owners are able to access interest-free financing for a period of time.  0% intro APR business credit cards offer small businesses flexible financing— and many times at little to no cost. Some cards also offer rewards like cash back or travel rewards. But there… Read More
Business Lifecycle Stages – The Importance of Funding at Each Stage

Business Lifecycle Stages – The Importance of Funding at Each Stage

Entrepreneur Tara Bosch sold her company, Smart Sweets, in 2020 for $360 million. She worked hard in the early stages of her business to protect her ownership and equity.  “When I was launching Smart Sweets, I was kind of in that era where startups were raising huge amounts of money, and raising what in itself felt like something that was celebrated, and not the fact that the money itself was just a vehicle to the real accomplishment, which was executing… Read More
Tradelines vs. Business Loans: Which Is Better for Building Your Business Credit?

Tradelines vs. Business Loans: Which Is Better for Building Your Business Credit?

Shortcuts are great when you’re a small business owner. Finding a way to do something faster, easier and more efficiently—without sacrificing quality—means greater productivity and often profitability.  If you’re trying to understand how to establish business credit, you may wonder what’s the fastest, easiest, or more efficient way to build a business credit profile. Is it a small business loan, line of credit, or business tradelines?  Find out what’s best for your business, as we explain tradelines vs business loans… Read More
Can Hard Money Loans Help Build Your Business Credit?

Can Hard Money Loans Help Build Your Business Credit?

Hard money loans are often used by real estate investors and other business owners to purchase real estate quickly.  Can these loans also help your business establish business credit? Find out here.  How Do Hard Money Loans Work? Hard money loans are loans that involve using real estate or other property to secure the loan. The word “hard” in “hard money” refers to physical assets that serve as collateral for the loan.  The most common types of hard money loans… Read More
ROBS (Rollover as Business Startups): Pros, Cons, Risks and Alternatives

ROBS (Rollover as Business Startups): Pros, Cons, Risks and Alternatives

If you want to start a business that requires significant capital—think a restaurant, or buying a franchise—you either need to qualify for a startup small business loan, find an investor, or have cash to invest.  What if you have money saved, but it’s tied up in your retirement savings?  For some would-be entrepreneurs, that’s a real possibility.  More than 885,000 401(k) plans have at least $1 million in  employer-sponsored plans (such as 401k or 403b plans) and individually controlled IRA… Read More
Building Business Credit History With Everyday Expenses

Building Business Credit History With Everyday Expenses

“I don’t want to take on debt for my business.”  That’s a frequent comment I’ve heard from small business owners who are trying to understand how to establish business credit. They are under the impression that the only way to build credit is to borrow money with small business loans or other types of financing. Here’s the answer I gave that business owner: "You don’t have to use debt to build good business credit scores." You can build business credit… Read More