Business Loans Blog | BestCompany.com

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Do Business Loans Affect Personal Credit?
You may make every effort to keep your personal and business finances separate, including registering your business as an LLC with its own TIN and using another bank account for all company finances. But would these measures...
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Advice on Interest Rates: Business Loan Tips from Lenders and Experts
When you’re trying to find a business loan, you’re trying to balance your risk with your reward. Naturally, many entrepreneurs value low interest rates because of this.  While a low interest rate shouldn&rsq...
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6 Entrepreneurs Who Used Business Loans to Finance Their Goals
For many businesses, securing more financing is the key to accelerating growth. There are several effective pathways to getting a loan for your business, and there are plenty of good reasons to seek one out. We asked entrepr...
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How to Leverage Your Personal Credit to Score a Business Loan
Guest Post by LendioAccording to Forbes.com, personal credit scores are “algorithms that attempt to predict whether or not you will repay your obligations in the future.” These algorithms consider numerous factors...
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4 Ways a Loan Can Expand Your Business
Guest Post by Rebecca Lake Running a small business doesn't necessarily mean staying small. At some point, you might decide you're ready to grow and scale your business up to the next level. According to Accounting Today's 20...
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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 ...
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Who Qualifies for a Microloan?
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...
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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...
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What Does a General Lien on My Assets Mean?
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...
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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...
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