Gone are the days when a small business owner could walk down to their local bank, have a lovely chat with their banker, and walk away with a loan to keep their business afloat. For many of us, those days never existed. The banks we’re familiar with are large...
When bridge financing comes up in conversation, many business owners and managers think of short-term real estate funding. Bridge loans are popular with CRE investors because they support a quick close on property while awaiting traditional financing to come through....
The Federal Reserve, in an effort to stave off runaway inflation, bumped the Prime Rate up four times in 2023 and a whopping seven times in 2022. As of this writing, the Prime Rate is 8.5%. If you’ve been in the market for a business loan, you might be a bit worried....
As a wave of new technology transforms the way the world does business, it’s easy to feel overwhelmed. Even businesses that rely on age-old craftsmanship and handworked detail find that they must adopt new tech to market, ship, and inventory their products...
Equity is what your business is worth after all its assets and liabilities are calculated. Investors look at your business equity when deciding whether or not to invest in your company. Lenders look at your business equity when deciding if you qualify for a loan. You...
Franchises are an attractive way to get into a new business. They come with brand recognition, advertising power, and vendor contracts already in place. Depending on if you buy an existing franchise location or start your own, it may even come with trained staff. But...
