SBFunding

What is the difference between a secured loan vs an unsecured loan?

Secured VS Unsecured Business Loans — SBFUNDING There are two basic types of business loans: secured and unsecured. Many business owners don’t have any collateral to pledge for a secured bank loan, and may have difficulty getting an unsecured loan as well, as the banks they do business with don’t offer unsecured loans. Unfortunately, the phra...

You don’t need a bank to borrow...

You Don’t Need A Bank To Borrow — SBFUNDING When your business makes a profit, some or all of that profit can be put back into the business to allow you to grow and scale. Sometimes, your business may need additional funds from a reputable lender. Many business owners run to the bank in order to secure financing. However, banks aren’t your

What do I do if my business loan was rejected ?

What To Do If Your Business Loan Application Was Rejected — SBFUNDING Applying for business financing is often time consuming, but it can be necessary to keep your business up-and-running. Due to this, if your application for a business loan was denied, it can be extremely disheartening. In this post, we’ll explain what you can do if your small business loan applica...

What question do I ask before taking a merchant cash advance?

Important Questions to Ask Before Accepting a Mortgage Cash Advance Offer — SBFUNDING Not every financing product will fit a borrower’s needs, so ensure that a merchant cash advance will work for your business. Merchant cash advances work best for businesses that receive a high volume of credit card sales. If you don’t receive consistent credit card sales, it’ll be difficult fo...