Monthly Archives: October 2016

5 Most Common Equipment Financing Mistakes

  1. Not accurately determining what you can comfortably afford.   When it comes to certain loans, such as a mortgage for a home, people tend to invest a good amount of time deciding what they actually can afford. When it comes to equipment loans, however, borrows tend to spend much less time on figuring…

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Guide to Finding Financing, Even When Your Credit is Hurting

  Types of credit – Business vs. Personal First, when we’re talking about struggling credit, we are usually referring to personal credit. Your personal credit score is actually an important part of the business loan application. Securing a loan from a bank is very difficult, and only top-tier borrowers are qualifying. That means if you have…

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5 Reasons You May Be Turned Down for a Small Business Loan

If you are considering a loan for your small business, it is important to know the reasons why your business may be denied for a loan. This way, you can take the necessary steps before you apply for the loan to ensure that you will be approved. It’s similar to an interview; you want a…

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Tips to Managing Your Cash Flow

Apply Online A common mistake that a lot of business owners make is only paying attention to cash flow when the reserves are starting to get low.  Instead, having a “cash is king” philosophy is the best way to act proactively and give yourself a safety net in your cash flows. The biggest way we…

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The Harbour Advantage

As a small business owner, we know that you have worked hard and poured your heart and soul into your business to become successful. You may have even used your home equity, personal savings, or even your 401k and retirement accounts to fund your business. Now that you are established, are you still relying on…

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Tips for Small Business Owners

Build your network Whether its friends, family, employees, customers, coworkers, or competition, your network has been growing since you first started your professional track. It is very important to remember that your network can offer countless opportunities to share business ideas, advice, and grow your business. Some other ways to build your network are to…

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Everything You Need to Know About Asset-Based Lending

When looking for a business loan, it is usually a good idea to make sure you have a profitable business, strong revenue history, and good credit. Not every business has these characteristics, however, which is why asset-based lending can be another way to get the money your company needs. For brand new businesses, growing business,…

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