Erica Seppala

High-risk business loans may have higher interest rates and shorter repayment terms. But high-risk loans also have minimal borrowing requirements and are easier to obtain than loans from traditional lenders like banks.

Whether you’re facing an emergency or have been planning to make a big purchase like commercial real estate, there comes a time when every business owner needs a loan. If you’ve reached this point in your entrepreneurial journey, it’s easy to feel overwhelmed. With so many lenders out there, how do you choose? Which loan […]

Short-term loans and merchant cash advances are typically the easiest to get. Certain business credit cards and lines of credit may also be easy to get. One thing to note that many business loans that are fast and easy to obtain come with shorter repayment terms and higher rates and fees.

Due to their low borrowing limits, SBA Microloans are one of the easiest loans to receive. However, there are borrowing requirements in place, the application and approval process can be time-consuming, and there may be extensive documentation requirements based on the policies of the lender.

American Express Working Capital Terms provide short-term and medium-term loans to American Express Business cardholders. It is a convenient and affordable way for businesses to defer payments to vendors for up to three months. If you’re not careful, the lump sum transaction at the end of your term could wreak some havoc on your finances.

In this post, we’ll pit Square against Clover, letting you know where each product excels and giving you our overall recommendation.

If you have questions about completing your loan application, you can always ask your SBA-approved lender. If you haven’t yet found a lender to work with, SCORE is a great resource. This nonprofit organization provides resources and services including free business mentors that can help you through every step of the process.

Small businesses represent the American Dream. A successful small business doesn’t translate to success for just one person — small businesses fuel local economies and provide jobs. When small businesses have the chance to grow and thrive, everybody wins. And that’s why organizations like the Small Business Administration exist. The Small Business Administration, or SBA, […]

The Small Business Administration provides invaluable resources to small business owners, from educational materials to low-interest loan programs. One of those programs is CAPLines, which provides qualified business owners with a flexible line of credit up to $5 million. 

The SBA launched the SBA Community Advantage loan program to help businesses in underserved areas receive low-interest financing with reasonable terms. Business owners that can’t receive financing through traditional loan programs can take advantage of competitive rates and terms through this SBA pilot program.