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Business Loan Agreement: What To Know Before Signing
Key takeaways The business loan agreement is the document that outlines everything about the loan and what is expected of…
Average Small Business Loan Amount
Key takeaways The average small business loan amount is $663,000, according to the Federal Reserve For fiscal year 2024, the…
How to support small businesses after a disaster
Key takeaways Small businesses operating on thin margins can often be forced to close after disasters like weather events, economic…
How to Convert Factor Rates to Interest Rates
Key takeaways Factor rates are a decimal that you use to multiply the entire loan by to get the total…
What is the Beneficial Ownership Information report?
Key takeaways The Beneficial Ownership Information (BOI) report identifies company ownership and is required filing for business entities by Jan.…
The Risks of Financing A Small Business
Business financing is often necessary for small businesses to grow when they lack the income or capital to expand on…
What Is Purchase Order Financing?
whyframestudio/Getty Images Your business just received a large, unexpected purchase for your products that could lead to a huge boost…
How to Write a Business Plan
Every business owner can benefit from knowing how to write a business plan, including those in the early stages of…
SBA Loan Statistics: Top Lenders
Key takeaways Popular SBA 7(a) lenders include Newtek Small Business Finance, Live Oak Bank,, The Huntington National Bank and Readycap…
Business loan vs. Line of Credit
Key takeaways A business loan provides one-time funding to help start or grow a business Lines of credit cover short-term…
