7 Tips to Grow Your Company with Small Business Loans Enlighten Your Finances
They’re supported by your company’s collateral or existing assets. These loans usually come with strict rules as to what you can and cannot do with the money. Businesses choose these loans over merchant cash advances because they have lower interest rates and are easier to get. You could use a short-term loan to purchase inventory for the holidays, take advantage of an inventory deal, or cover payroll if you are experiencing a lack of funds. With only three months of business banking statements, a one-page application, and…
- If you have little experience, hiring a financial advisor can be especially helpful.
