Business Financing 101 Glossary
We understand that finance terminology can be confusing when applying for business loans, even for experienced business owners. We’ve compiled this A–Z glossary to help you secure business financing with confidence. A | B | C | D | E | F | G | H | I | L | M | N | O | P […]
Inventory Financing for Distributors & Choosing the Right Offer
Inventory financing is meant to help distributors secure funds to order new stock when needed, capitalize on supplier discounts, stock up before peak seasons, or expand into new product lines. However, distributors often struggle to secure inventory financing from large banks and other traditional lenders. That’s because these lenders require borrowers to be in near-perfect […]
Top 6 Accounts Receivable Financing Companies
Accounts receivable (AR) financing lets you convert your outstanding invoices into cash immediately. The AR financing provider gives you a large percentage of your outstanding invoices upfront (typically 80 to 90%) in cash, so you can settle operational expenses while waiting for slow-paying customers. While AR financing can be an effective way to quickly access […]
10 Best Same-Day Merchant Cash Advance Providers
Many merchant cash advance (MCA) providers advertise same-day funding, but from our conversations with businesses, it’s rare to receive funding on the day you apply. Most MCA providers actually take 3 to 5 days to approve and fund your cash advance. The reason for this delay boils down to the paperwork many MCA providers evaluate […]
Top 10 Construction Invoice Factoring Companies
Based on our 10+ years in construction financing, we recommend looking for these three qualities in an invoice factoring company: How easy is it to qualify? Many factoring companies require excellent revenue (sometimes $100,000+ per month), perfect customer credit, long operating history, high invoice volume, low business debt, and, sometimes, personal guarantees, making it difficult […]
Top 7 Fastest Invoice Factoring Companies & How to Choose
Invoice factoring can help businesses access funds quickly to cover expenses while waiting for slow-paying customers. They buy your unpaid invoices, release that tied-up capital for you, and then collect payment directly from your customers. However, we hear time and again from businesses that securing fast invoice factoring hasn’t been easy. Many traditional factoring companies […]
10 Fastest and Most Affordable Business Loans for Spas
Most banks and lenders claim they offer fast financing designed to help spas cover urgent expenses. In practice, however, most banks and lenders operate in a way that makes it extremely challenging for spas to get fast, affordable business loans. We regularly hear from spas that reach out to us about how they applied with […]
Best Dental Practice Loans: How to Choose the Right Lender
As the name suggests, dental practice loans are designed to help you start, acquire, or expand a dental practice, covering expenses such as equipment purchases and repairs, working capital, rent, marketing, and renovations. However, a major problem in dental financing that few people talk about is how common last-minute complications and rejections are. Borrowers often […]
10 Merchant Cash Advance Alternatives & How to Choose
Merchant cash advances (MCA) are among the fastest types of funding options, typically funding in 3 to 5 days; however, they are also extremely expensive. Factor rates often range from 1.3 to 1.5, which can translate to APRs over 50% when annualized. To help business owners secure fast financing at more reasonable rates, we cover […]
7 Fastest Ecommerce Inventory Financing: Funding in 4 Hours
Ecommerce inventory financing refers to any loan designed to help online stores quickly stock up on inventory. Ecommerce stores often use inventory financing when they’re running low on best-selling products and need to restock, but their cash flow is tied up in unsold inventory. Inventory financing can also help ecommerce stores prepare for busy seasons […]