Every entrepreneur dreams of making it big despite humble beginnings. We’ve all heard stories of people who start a business out of their garage and through hard work and a bit of luck manage to turn their vision into a reality. Every entrepreneur starts off with little more than a good idea–the trick is figuring … Continued
Loanability has multiple programs for businesses in different situations. These days, the majority of our merchants opt for our traditional loans, but when we first started out that program didn’t exist yet. We just had one type of funding: merchant cash advances. While we’ve added to our options since then, we still offer merchant cash … Continued
Obtaining business funding as a small business owner can be a daunting process. There are many outlets for funding, but it can be difficult to determine which ones your business qualifies for. The application processes that banks and the Small Business Administration require can be lengthy and complex, so just deciding to apply means signing … Continued
Many business owners think of themselves as aspiring entrepreneurs. They have ideas for how they’d like to see their business expand, but it can often be difficult to put those ideas into practice. Some owners might have a goal in mind, but they just can’t figure out how to get from point A to point … Continued
Obtaining funding is always the first priority for a business looking to expand. However, many business owners overlook programs that can help them make the most of the funding that they do receive. It’s important to be aware of business incentives available to you–often, there are local or state programs available that will help you … Continued
Many people assume that short term business loans are only for businesses in a tight spot. However, the reality is that an infusion of capital can help businesses in a variety of situations. A common reason for seeking working capital or a loan is expansion–it can be hard to set aside money to expand a … Continued
As a business grows, it will inevitably need to buy new equipment. Vehicles break down, computers become obsolete, and production equipment can fail. Even if nothing breaks, a growing business will need to hire new employees and each new hire means a need for new equipment. Whether a business is aggressively expanding or simply trying … Continued
The world of business financing can be confusing to small business owners. With dozens of options out there, it can be difficult to decide how to finance a small business, or even if financing makes sense for you at all. Here, we’ll look at five of the available options and discuss the benefits and risks … Continued
A previous post here discussed Small Business Administration loans, and one of the problems discussed was that the SBA loan process can take too long for a business that needs quick financing. One way the SBA has tried to combat this is by introducing SBA Express loans. SBA Express loans are similar to regular SBA … Continued
One of the main reasons businesses seek funding is to expand their business, but this expansion can come in several forms. It can be as simple as needing more physical retail space: maybe the business needs to build an expansion or even obtain an entirely new location. In some cases, businesses need new equipment so … Continued