What happens when a business owner applies for business credit? Answer: An approval, decline or offer is dependent on the type of funder, lender or brokerage the business owner applied with.

Small Business Growth: Evaluating the Difference Between Organic and Accelerated Development Approaches.

If you are a small business owner, chances are you didn’t go to school for business finance or economics. You own a business, that is what you do. If you are like a lot of our clients, so did your parents, and them before them. It runs in the blood. For a lot of small business owners, procuring the funds for growth is an important stepping stone on the path to a successful business. When you are looking to take this step, research is very important and it can be misleading finding truly helpful resources to guide and educate you about what’s available, how to obtain it, and key concepts to understand when navigating the world of small business funding. Even if you have a dedicated lender, who you have worked with and trusted in the past, it is beneficial to go out and seek your own knowledge in addition to what they have told you.

If your business is struggling to make payments on its business loans, you have a few options, which we’ll discuss in this post.

We want to teach you to make debt a tool, not a burden.

In today’s digital age, identity theft and data breaches are becoming increasingly common. One way to protect yourself from this type of fraud is to use a credit freeze. A credit freeze, also known as a security freeze, is a tool that allows you to restrict access to your credit report.

To borrow money, or not to borrow money? It's an important question and, if we're being honest, there really isn't an easy answer. It totally depends on your unique situation.

You don't have to be an accountant to realize that your company's financials are extremely important. You also don't need to be an accountant to properly run and manage financial reports. In fact, if you're a small business owner, financial reports should be a regular part of your life — especially if you hope to apply for small business funding in the near future.

Are you ready to improve your small business? There's no better time than now! 2022 could be a banner year for you as an entrepreneur. You just need to follow the eight tips outlined in this blog post. Keep reading to discover how you can make 2022 your best year yet.

We are living in a world where technology is giving many people an opportunity to have the American dream. We have the ability to create our business and become self-employed entrepreneurs. The biggest platform that many businesses are utilizing is FaceBook, more specifically, FaceBook ads.

Applying for a business line of credit is a big step and there's a lot of information on the internet about the process — some good, some not so good. We're here to cut through the noise and tell you exactly what you need to do to qualify for small business financing.

Have you thought about applying for a small business line of credit? Maybe you’re in the process of sending in applications right now. Before you do anything else, read this blog post! We’ll discuss the six questions you need to answer for yourself before applying.

The federal reserve just lowered its growth forecast and raised its inflation expectations for 2022. Finally, the central bank also sees the potential for seven rate hikes this year.

‍During the Government imposed lockdowns in mid 2020, the American economy was technically in a recession, but after the lockdowns were lifted, the economy boomed back. Most small businesses weren’t prepared for these lockdowns. Most small businesses had little to no operational savings and couldn’t afford to pay staff, rent, and other necessities since no or very few sales were occurring. Thankfully the PPP and EIDL loans came through. But being prepared means not having to rely on the Government to help you.

The interest rates for a revolving business line of credit are usually under 8% annual interest, so using this cash can be a great way to save interest on more expensive business debts. If your business is shouldering expensive credit card and/or merchant cash advance debt, a line of credit is a great way to save money on interest payments.

A staggering 9 out of 10 Line of Credit Depot applicants have never applied for a line of credit, but they have had or currently have a merchant cash advance (MCA).