Monthly Archives: August 2017

One Year Plan to Turn Your Credit Around

If you’re getting ready to take on a new loan, then your first move should be to check your credit score and determine if lenders will find you trustworthy. If you unfortunately find a hurting credit score, you may be wondering what the next steps are. Fortunately, there are steps you can take to improve your…

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5 Mistakes to Avoid With Equipment Financing

  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 out…

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Credit Inquiries: Hard Pull vs. Soft Pull

A lot of people don’t know this, but there are actually a couple different types of credit inquiries. Knowing the differences between them is very important when you’re trying to maintain a healthy credit score. First off, different people/organizations perform credit inquiries on your credit report or score. Small business lenders, potential employers, credit card…

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The Right Time to Start Looking for Financing

You may not need funding for your business right this moment, but when it comes to financing your business, it pays to be a couple steps ahead. Why? Because the best time to apply for a loan for your business, or seek other financing, is before you actually need it. This might not make sense at first,…

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Finance Solutions for Your Franchise Purchases

If you’re considering finance options for a franchise opportunity, the best initial step is to take a personal inventory of your resources first, before deciding on which financing path to take.  Once you’ve done this and figured out how much money you are going to need, there are many options and strategies you can use to…

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Is it Better to Use Cash Instead of Financing?

When it comes time to make a sizable equipment purchase for your company, deciding how to pay for the purchase is a major factor. Even if you have the cash in your bank account, here are two reasons why you should still consider financing the purchase with an equipment loan. Keep Your Cash It’s never…

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A Case for 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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The Journey from Poor to Excellent Credit

  If you find yourself with lower-tiered credit, you may feel like it is impossible to climb out of your current situation. However, there are a few easy steps you can take to bring your credit back up to where you can acquire low-rate loans and exceptional financing terms. Most of the steps involve having…

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