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Since most business lenders require you to have solid personal credit to qualify, consider improving your credit score before applying for a loan. The SBA guarantees loans for amounts between $30,000 and $5 million, with annual percentage rates ranging from 5.5% to 8%. They are best suited for long-term investments, buying real estate or equipment, purchasing other businesses and refinancing existing loans. With invoice factoring, also called accounts receivable financing, you sell your outstanding customer invoices to a factoring company at a discount. The factoring company will give you a portion (say 90%) of the total outstanding amount and then … Read more