CDC Small Business Finance The University of La Verne Small Business Development Center SBDC
In general, you want to make sure that the activities you’re financing with the loan can produce more than enough revenue to pay it back. This is where an alternative finance tool like FundThrough can reduce the risk of borrowing, as invoice factoring gives you that immediate access to funds without creating new debt.Here’s how it works. Secured financing means the borrower has used an asset of some sort as collateral. Imagine using a large piece of business equipment as collateral, then losing a major contract that caused you to default on your loan. Your ability to do business at … Read more