SBFunding

What is the difference between a secured loan vs an unsecured loan?

Secured VS Unsecured Business Loans — SBFUNDING There are two basic types of business loans: secured and unsecured. Many business owners don’t have any collateral to pledge for a secured bank loan, and may have difficulty getting an unsecured loan as well, as the banks they do business with don’t offer unsecured loans. Unfortunately, the phra...

Difficulties in the retail business.

Challenges Facing The Retail Industry — SBFUNDING The retail industry has grown steadily in recent years thanks to an improved economy and the popularity of online shopping. However, retail businesses still face serious challenges, including difficulty keeping pace with consumer demands and staying ahead of rivals in a fiercely competitive environm

How your business can create revenue during Covid 19.

How Your Business Can Create Revenue During COVID-19 — SBFUNDING Covid-19 has wreaked havoc on all business sectors in the US. It can be nerve-racking to have your revenue reduce or in some cases, completely halted. If your business business has been affected by this virus, it is important to think out of the box in order to create cash flow until conditions i

How to avoid common small business scams

Scams to Avoid That Target Small Business Owners — SBFUNDING It’s hard to believe that scammers target small business owners, but they do. In fact, they’re likely to go after small businesses rather than larger ones. Big businesses have more resources to counteract these types of problems. And because you’re focused on building your business, you can’...

You don’t need a bank to borrow...

You Don’t Need A Bank To Borrow — SBFUNDING When your business makes a profit, some or all of that profit can be put back into the business to allow you to grow and scale. Sometimes, your business may need additional funds from a reputable lender. Many business owners run to the bank in order to secure financing. However, banks aren’t your

What do I do if my business loan was rejected ?

What To Do If Your Business Loan Application Was Rejected — SBFUNDING Applying for business financing is often time consuming, but it can be necessary to keep your business up-and-running. Due to this, if your application for a business loan was denied, it can be extremely disheartening. In this post, we’ll explain what you can do if your small business loan applica...

What are the benefits of a merchant cash advance?

Benefits of a Merchant Cash Advance — SBFUNDING Merchant cash advances may not be the right choice for every business, but they have numerous perks, especially if you don’t qualify for traditional financing options. Every business owner faces different circumstances, but a cash advance is and one of the easiest way to get additional financing.

What question do I ask before taking a merchant cash advance?

Important Questions to Ask Before Accepting a Mortgage Cash Advance Offer — SBFUNDING Not every financing product will fit a borrower’s needs, so ensure that a merchant cash advance will work for your business. Merchant cash advances work best for businesses that receive a high volume of credit card sales. If you don’t receive consistent credit card sales, it’ll be difficult fo...