Secured Business Loans vs. Unsecured Business Loans
So you've already come up with a great business idea? You're probably working out the kinks of day-to-day operations, but you've probably been wondering what it takes to get a loan.
When you finish this article, you'll know ...
Microloans were established and are funded by the U.S. Small Business Administration. The idea behind microloans is to provide a quick start up for smaller companies or for lower income individuals. The limit for a microloan...
What’s the Difference Between a Merchant Cash Advance (MCA) and a Term Loan?
A Merchant Cash Advance, or MCA, is the agreement between a merchant and a lender to allow for smaller payments on an amount borrowed, rather than larger payments over a longer period of time. In this agreement, merchants es...
More often than not, when someone borrowers money from a lender, the lender needs some kind of insurance that the money will be paid back. A general lien is insurance for a creditor, or lender, in the form of collateral. Thi...
The five C's of credit include: Capital, Collateral, Capacity, Character, and Conditions.
Capital
Capital, in general terms, is one's wealth. This wealth is determined by an accumulation of one's assets, and these assets are...
What's the Difference Between Business Collateral and a Personal Guarantee?
Collateral, in general, is a guarantee to a lender that if a borrower cannot pay their debts, the lender can appropriate pledged assets. Collateral tends to be physical items or assets. For example: a home, cash, property, e...
5 Ways Applying for a Business Loan Is Like Dating
It's another one of those nights: you start the day completely enthusiastic. You shower, put on your Sunday-best clothes, and think to yourself, "this is the day!" As you knock on the door, you hope against hope that this fi...
When researching lending rates in the business loan industry, we quickly realized that there is no standard way that lenders show borrowing fees. To compare loan rates as accurately as possible, TBC displays the cents on t...