40% of American businesses are owned by women and that number keeps rising. Still, any woman entrepreneur knows the imbalances of the world of business. Here are some great strategies, built for women, to get the needed funding to grow a business.
Whether you’re just starting a brand-new business, ready to take your current business to the next level, or hoping to weather the current economic storm, the right loan can make all the difference. Before you apply, be sure to follow these 6 simple steps to make sure you’re putting your best foot forward.
Starting a business isn’t cheap. Startup costs can easily run to tens of thousands of dollars, and you’ll need more money to grow as your business takes off.
Even the most successful small businesses can use a cash infusion from time to time. Small businesses may need money to make it through a slow season, capital to expand or buy new equipment, or access to revolving credit for everyday expenses.
If you've been running your business for a while and it's doing well, you may be thinking about expanding. However, it’s likely that the only way to take it to the next level is to get your hands on more capital. Getting a small-business loan from a bank can be challenging, especially if you're just starting out or don't have a lot of collateral.
There are different types of financing that you can obtain as a business owner. The most popular are a line of credit or a business loan.
Most small business owners worry about taking out loans. After all, we go into business to follow our dreams and make money, not to accumulate debt. True as this may be, borrowing is a necessity for most of the 29 million small businesses in the United States.
The hugely successful Paycheck Protection Program (PPP) loans have saved many small businesses during the COVID-19 disaster. Unfortunately, that program is coming to an end, even though the economy hasn’t bounced back like was expected. There are many other funding options for business owners to keep their companies afloat.
Opening up your own restaurant can seem overwhelming when you crunch the numbers. The financial burden of launching a new restaurant can end in failure, but it doesn't have to end like that.
Most of the 29 million small businesses in the United States wouldn’t exist without borrowed money. Businesses loans, lines of credit, and credit cards all provide capital to spend on new equipment and employees and finance growth.
If you’re starting a new business, want to expand an existing one, or simply need to deal with some cash flow issues, you might want to take out a business loan. There are many different types of business loans available from recommended lenders, with some online loan platforms offering multiple types of loans.
When you kick off a new startup idea, you need capital, which may come from a business startup loan, a specific type of business loan. Before you find funding, you need to know what your costs will be. Consider your initial costs such as office premises, plant and production equipment, legal fees, and office furniture.
Missed out on getting Covid-19 relief for your small business under the federal government’s Paycheck Protection Program?
Take a look at what goes into applying for a loan, and decide if this is the right move for your company.
Along with the imminent health concerns, tens of millions of Americans are also worried about their small businesses. The longer this situation–and federal and state stay-at-home orders–continues, the more SMB owners will struggle to stay afloat.