All Articles
In this article, we discuss the kinds of financing available, as well as the steps you’ll need to take to secure a $60k business loan. Additionally, we provide some tips for securing a loan with bad credit or limited business history.
If you’ve decided that getting an SBA loan is the best way for you to secure business financing, then you’ve probably heard of SBA 504 and SBA 7(a) loans.
Before you decide on securing a business loan through the SBA, you should understand what happens to the loan in the event that your company goes out of business
If you’re looking to secure financing for your laundromat, there are plenty of options worth considering. Whether you need a larger loan amount, more flexible payments, or just want a simple, fast approval process – there’s a type of financing that’s perfectly suited for you. Here are some of the best business loans for laundromats to explore.
No matter what kind of business you’re running, a $100k business loan can go a long way. Your financing can be a great way to purchase new equipment, expand to a new location, cover working capital expenses, and much more.
At Llama Loan, we understand the importance of maximizing the benefits of business loans. Through our research, we have discovered an often-overlooked benefit that very few borrower take advantage of. As businesses work to enhance their financial well-being, taxes often play a significant role. Business loans not only grant access to crucial capital, but they […]
If you need funding to purchase equipment for your business, there are plenty of options to examine. One of the best, however, is equipment financing. This type of financing is specifically designed to help you get the equipment you need to grow your business, with favorable terms and rates. In this guide, we’ll explore how […]
When it comes to equipment financing, there are an assortment of options available to those with bad credit. It’s important to consider the cost of your borrowing when considering bad credit equipment financing, but for some businesses it can make the difference between thriving or dying. In this guide, we’ll take a look at how […]
When it comes to financing options for your small business, choosing an SBA loan can be an attractive option for many reasons. With competitive rates, flexible terms, and more lenient requirements, SBA loans are some of the most utilized small business financing options on the market. That said, applying for an SBA loan isn’t as […]
Using a business line of credit can be a convenient and affordable financing option for many small businesses seeking cash to manage their operation. They work similarly to a credit card by offering a revolving line of credit that your business can utilize whenever needed – except often with higher limits and lower interest rates. […]
One of the best strategies for financing your business is using a loan broker like Llama Loan or Blursoft. A loan broker can help you identify which options you qualify for and what offers will be available for your credit profile. Overall, a loan broker can reduce the legwork you need to do to find […]
If a small business needs money quickly, a merchant cash advance could be a helpful solution. A merchant cash advance (MCA) is a financial product that is an alternative form of business financing. Instead of using typical financing rates, MCA providers take a percentage of daily or, more rarely, weekly sales until you remit the […]
When it comes to growing and operating your small business, cash flow challenges are prone to arise at some point. Factoring is one way to alleviate these problems to get your business back on track. One of the common culprits that many businesses face is invoicing and collecting accounts receivable payments. In these instances, invoice […]
For any small business, invoice factoring can improve cash flow and eliminates the challenging chore of collecting payment for invoices. This type of financing can help to alleviate some of the cash flow challenges many small businesses face, but it does come with a cost. So what is factoring in the trucking business and how […]
SBA loans can be a great asset for business owners and entrepreneurs seeking for capital to start or operate their enterprises. They offer a multitude of benefits including competitive interest rates, quick funding options, and generous maturity options. But in order to have your application approved, you must meet the SBA 7(a) loan requirements. Below […]
If you’ve applied for an SBA loan, you might be wondering how to check the status of your application. Because of how long the application process takes, it can be helpful to know where you stand. Here’s how to check the status of your SBA loan and a few things you can do to accelerate […]
An SBA loan can be a convenient funding option for your small business. These loans are backed by the Small Business Administration and provide an easy way to get the capital you need at a reasonable rate. Fluctuating interest rates can profoundly impact the cost of borrowing money for your business. Here are the current […]
When it comes to operating a small business of any kind, financial challenges and hardships are common. In fact, 20% of new businesses close within a year of opening. That’s where a business line of credit can help. With a business line of credit, you can get access to funds that can help alleviate cash […]
Cash flow can be one of your most challenging concerns when running a small business. Considering that most small businesses fail in the first five years of operation, according to the Bureau of Labor Statistics, it’s critical to have a plan in place to manage your money correctly. Some entrepreneurs may think that just increasing […]
A business line of credit is a valuable tool for your enterprise that can help streamline your finances and ensure that you have funds available when necessary. A business line of credit differs from other common types of financing, like small business loans and credit cards, and may be available on more attractive terms and […]
One of the perennial headaches for small businesses is the collection of accounts receivable. Whenever you sell something to a customer, you provide them with an invoice stating the product or service rendered, the price, and the terms – or when the money is due. Then, you wait for payment. In most cases, your customer […]
A business line of credit is a flexible funding option that allows a company to borrow money as needed up to a specified limit. It is similar to a credit card in that it can be used for various business expenses, such as inventory or equipment purchases, and the balance can be paid off over […]
Small Business Administration (SBA) loans are U.S. government guaranteed loans that are designed to help small businesses obtain financing if they aren’t eligible for traditional forms of funding. These loans are typically offered by banks and other lending institutions, but they are backed by the SBA, which means that the U.S. government is responsible for […]
When you apply for a business loan, the most important aspect of the loan to you is likely the interest rate. Interest rates are the cost of borrowing money from a financial institution to fund the operations of a business. These rates can vary significantly based on many factors, including the type of loan, the […]
Choosing a merchant cash advance can be a great option if your small business needs financing, but may not qualify for a traditional small business funding. With a merchant cash advance, you can use your sales history as a pledge to your creditworthiness and secure funding for your business within weeks. So what is a […]
Loans for LLCs LLCs are some of the most popular business formations for a variety of reasons. However, if you’re seeking funding for your LLC – this can come with specific challenges that other types of business don’t face. So which types of loans are best for LLCs and how can you qualify? We’ll share […]
An unsecured business line of credit lets businesses borrow money without collateral up to a certain limit. Because it’s unsecured, the business doesn’t have to put any of its assets, like equipment or real estate, as security for the loan. A line of credit can be ideal for businesses that need flexible financing or short-term […]
As a small business owner, you may be wondering how to finance your business. There are a few options for small business funding, including loans, grants, and investment capital. Keep reading to learn more about each option and what might work best for your business. Why small businesses need funding Finding the best small business […]
There’s no denying that securing funding for your business can be a challenging process that requires a significant amount of patience and endurance to get to the finish line. But there are a few ways to expedite the process while also receiving the best rates and terms available. Here’s how you can get a small […]
Applying for a business loan can involve a lot of research and time to find the right option. You have to determine what type of loan is best, how much to borrow, which lenders you could qualify for and which lender offers you the least expensive option. Not everyone has the kind of time to […]
A small business loan term is the lifetime of the loan, or how long the borrower will pay back the loan and interest. the borrower and the lender establish a schedule to determine how much will be paid monthly or weekly in some cases. Also called repayment terms, loan terms can range from a few […]
The employee retention tax credit is a financial incentive offered by the government to businesses that retain their employees during the COVID-19 pandemic. This credit is designed to help businesses offset the costs of retaining their employees, such as wages and benefits, and to encourage them to keep their workers on payroll. The employee retention […]
Obtaining funding for your business can be a cumbersome process, but there are several options that can expedite the process so you can get the money you need, when you need it. Here’s how to get fast business funding so you can reach your business goals. Know what type of funding you need Understanding the […]
When you need more money to expand or enhance your business, it may be time to seek a business loan. Business loans have stricter requirements than many other types of loans because they present a bigger risk to the lender. Make sure you meet the requirements before you apply. Business loan requirements by lender type […]