With Bad Credit, Are There Business Loans With Guaranteed Approval?

At Loanability, many of the merchants we speak to come to us because they’ve had trouble obtaining more traditional guaranteed business loans. Bad credit, insufficient collateral, and even just the industry type of the business are all reasons that a merchant might have been turned down for a loan, so they come to us instead … Continued

How to Write a Business Plan for a Loan – The Business Builder’s Toolkit

One of the things that makes Loanability’s programs appealing to many businesses is that we don’t request any extraneous documents–we keep our requirements as easy and straightforward as possible. If you’re applying for an SBA loan, business plans, resumes, and so on will be required. With us, you won’t have to send any of that, … Continued

Small Business Microloans Demystified

In the last post, we went over Small Business Administration loans–what they are, why they can be difficult to obtain, and how the complex process deters many business owners. While the SBA’s primary focus is on this loan program, they also provide support for intermediary lenders for something called the Microloan Program. This small business … Continued

What Makes a Merchant Credit Card Advance Different From a Loan?

When Loanability first opened, we offered just one type of funding—a merchant credit card advance. These are direct merchant advances that are based on your business’ credit card sales. In practice, these function similarly to loans. It’s fairly straightforward: a merchant receives cash up front, and in return they sell us a specific amount of … Continued

Are the SBA Loan Requirements for Existing Businesses Too Stringent?

If you’re a small business owner looking for financing, one of the first places you’re likely to look is the U.S. Small Business Administration. It’s a government agency designed to facilitate loans for businesses–they don’t provide the money themselves, but they do connect businesses with third parties and venture capital firms who might be interested … Continued

Who Is Loanability?

We’re Loanability, a provider of alternatives to traditional financing for small businesses. Founded in 2007, Loanability is a Jenkintown, PA based lender that provides funding for almost any business. We aim to form relationships with our clients, providing a variety of programs that allow business owners to get funding with terms that work for them. … Continued