Knowing where to obtain funds for a new venture is essential. Various options exist and are explicitly dedicated to financing franchise businesses. Where Is Funding Obtained? Traditional Loans The Small Business Administration (SBA) report indicates that lenders are advancing cash to new franchises. Since they have more trust in the business model. Collateral is a […]
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Having a debt in your business is a drawback, considering that it can go to the extent of closing down your operations. That is why it becomes very critical to understand how you can mitigate such risks by considering getting debt consolidation funding. As explained below, this funding type comes with several advantages and disadvantages
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If your family is looking forward to investing in real estate, purchasing a multifamily property is the ideal solution to all your housing needs. A multifamily property will provide shelter for your family members and come with numerous benefits. Below is some information and benefits of a multifamily property. Definition of a Multifamily Property This
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In many businesses, debit and credit cards are payment options. While it is effective for both the seller and the buyers, you need a merchant account to meet your financial expectations as a company. Debit and credit card payment have become easier with an effective and functional account. But should businesses consider merchant accounts? Here
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Looking for alternative financing options for your business and personal needs is vital. You access funds and meet your expectations easily. It is, however, important to learn about the funding options and their relevance to your needs. Hard money loans can be your source of financing when other options become unattainable. But what type of
What Type of Deal Should Hard Money Loans Be Used for? Read More »
Getting a traditional bank loan has been one of the most viable options for most entrepreneurs, but that has changed with time. Most business people have had difficulty getting such traditional loans, making them look for the best alternatives they can get. Fortunately, the number of alternative lenders has skyrocketed over the last few years,
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Having adequate working capital is essential for the operating health and growth of every business. However, sometimes there just isn’t enough available capital. A great solution is a working capital loan. Why is Working Capital Important? Working capital is simply the difference between current assets (cash, accounts receivable, and inventory,) and current liabilities (accounts payable,
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It is common for businesses to have difficulties with cash flow due to clients who are slow to pay their bills. The solution for companies waiting 30 to 60 days or more for payments can be invoice factoring. Here is what you need to know to determine whether this funding method can meet the needs
Entrepreneurs in the trucking industry often have difficulties with cash flow. This is because after you make a delivery, you may have to wait up to 60 days or even beyond for payment. At the same time, you still have ongoing expenses and want to get on to the next job. A practical solution to
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Owning a property can offer many operating and financial benefits. Although, managing a property can take a lot of time and produce a lot of headaches. The time and “pain relief prescription” is to use a professional property manager. What Does a Property Manager Do? A property manager will: -Market and advertise the property. -Find and vet
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