The Truth About Alternative Financing

Alternative financing is a resource for small businesses that need operating capital right away. This type of funding has its pros and cons, just like any loan. The application process is less stringent and those with poor credit have a good chance of approval, but the interest rates can run higher than traditional bank loans. This is just one of the many truths about alternative funding. The Good Truths Truth be told, this type of funding provides cash when businesses need it most. Successful ventures only become that way because they took advantages of opportunities when they arose. For example, a…

ABL for Short Term Finance

Asset based lending (ABL) is great for companies that need just a short term loan to cover unexpected finances. Since ABLs are easier to obtain than traditional lending options and can be modified or customized without any additional underwriting, many mid-size and large corporations take advantage of this type of loan for different reasons. Who Can Benefit from Short Term Financing One example of companies that can benefit from an ABL are those that are experiencing rapid growth. The loan can cover the sudden costs that have arisen. These companies can use this type of financing to cover the expenses needed…

SBA Loans: 6 Steps to Getting Approved

The Small Business Association is a government agency that offers assistance in many ways to small businesses. One of the ways it offers help is through SBA loans. These are basically loans that you can get through your typical lenders, but they are backed or guaranteed by the SBA. This lowers the risk for the lender, making it easier for small businesses to get loans. To qualify for this type of loan, you need to meet the requirements of the bank and the SBA. Here are six steps you can follow to help you get approved. Step 1: Gather Documentation You should…

Property Investments: 5 Tips for Buying Your First Rental

Investing in rental properties is an excellent way to increase your current cash on hand, and has some serious benefits when it comes to taxes, upkeep and more. However, anything dealing with property investments has the potential to be extremely stressful, and this simple face discourages hundreds of would-be investors each and every year. That doesn’t mean that investing should be avoided, though. In fact, following these 5 tips can help make your first buying experience successful and less stressful than ever before: Do Your Research When you’re looking to get involved in property investments, you’ll likely have several people looking…

5 Best Benefits of Investing in Multifamily Properties

If you are looking for investment opportunities, there are many options. When it comes to properties, you still have a lot of options, like apartments, business locations and single-family homes. One of those worth considering is investing in multifamily properties. This type of property offers some great benefits that you won’t find with other property investments. 1. Tax Breaks Multifamily properties offer great tax benefits for a few reasons. You are able to take deductions from appreciation. You also may be able to get tax benefits from providing clean, affordable housing, depending on what city you live in. 2. Increased Cash Flow When…

A Beginner’s Guide to Mezzanine Financing

Mezzanine financing is a loan that combines traditional debt and equity. In addition, a lender has the right to convert the debt to equity or ownership of the company if the loan is not paid on time or in full. Mezzanine loans are typically subordinated to debt provided by banks and venture capital companies. This type of financing is usually issued with little or no due diligence by the lender and no collateral from the borrower. As a result, the interest rates are aggressive, typically in the 20 to 30 percent range. The typical borrower is an established business with a…

7 Reasons to Use Invoice Factoring

Growing businesses face many challenges over the years, many of which involve a shortage of cash required to get the inventory and business required to expand and pull in more customers and clients. Fortunately, invoice factoring is there to help out with these sorts of issues. This is a service which allows you to sell your outstanding invoices to a factoring company rather than waiting for customers to pay up, a process which can take months in some cases. There are several distinct advantages to taking this course of action for your business, such as: Fast Cash This is perhaps the…

5 Fix N Flip Tips for Big Profits

The fix n flip method of investing has become all the rage in recent years, among both experienced investors and newcomers alike. This is, perhaps, in response to the many home design television shows that have sprouted up around this issue, and made it seem almost like a simple venture that’s guaranteed to make a large profit. However, taking on this type of project can be challenging, especially for the unexperienced. Fortunately, there are a few tips anyone can follow to help make their next project a real success: Know Your Limits When it comes to making your initial purchase, never,…

5 Ways to Boost Employee Morale

Having employees who are not happy can be a real drag on your business. It is up to you as the boss to keep employee morale high. That can be a challenge, especially if everyone is working hard to meet deadlines or you are in the midst of an especially trying project. However, here are five tips for boosting morale that you can try out when things get a little down at the office. 1. Vary Routines. One of the reasons employee morale can drop is because people get bored. They feel restless doing the same old things time after time….

Boost Sales With Consumer Financing

When you are the owner of an online business, there are plenty of different concerns that may cross your mind on any given day. One big thing that may come up is how to encourage your customers from making a purchase. While it is true that there are plenty of tactics that can be explored, from sales and discounts to limited offers, the truth is that these are fairly shortsighted goals. An excellent way to see better business in a safe and effective way over an extended period of time is through consumer financing. With this service, you will…