SMB Compass Blog
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Business Loan Personal Guarantees: What You Need to Know
Business Loan Personal Guarantees: What You Need to Know | Share on Facebook Share on Linkedin Share on Twitter Contents As a business owner, you may be asked to provide a personal guarantee when borrowing money or taking out a lease. A personal guarantee is an agreement that you will be personally responsible for debt…
Line of Credit vs Term Loans: Which is Right for Your Business
A smart small business owner knows that building a solid financing plan…
Unsecured Business Loan: A Guide to Borrowing Without Collateral
Unsecured Business Loan: A Guide to Borrowing Without Collateral | Share on Facebook Share on Linkedin 𝕏 Share on Twitter Contents An unsecured business loan can be a great way to get the capital resources your business needs. But before you make any financial decisions, it’s important to understand what an unsecured loan is, how…
Is a Small Business Loan Secured or Unsecured?
Is a Small Business Loan Secured or Unsecured? | Share on Facebook Share on Linkedin Share on Twitter Contents Small business loans can be secured or unsecured depending on the loan you’re applying for. In a nutshell, secured business loans are backed by collateral, while unsecured loans aren’t. Each option has its risks and merits,…
Denied SBA Loan: What You Can Do About It
Denied SBA Loan: What You Can Do About It | Share on Facebook Share on Linkedin Share on Twitter Contents SBA loans are one of the most popular loans among small business owners. The Small Business Administration’s (SBA) goal is to provide affordable financing to those who can’t get it elsewhere. Those who qualify enjoy…
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth | Share on Facebook Share on Linkedin Share on Twitter Elon Musk has been one of the world’s wealthiest people in recent years. But how exactly did he manage to go from zero to $199 billion? To find out, let’s take a look at…
A Guide to Same Day Business Loan Eligibility
A Guide to Same Day Business Loan Eligibility | Share on Facebook Share on Linkedin Share on Twitter Contents Running a business can be rewarding, but it’s no walk in the park. On top of your managerial responsibilities, you need adequate working capital to sustain your business and take advantage of growth opportunities. Most of…
Stacking Loans: Everything You Need to Know About It
| Share on Facebook Share on Linkedin Share on Twitter Contents During the 2008 recession, big banks and credit unions have been wary of lending money to small businesses. This made it hard for them to secure the working capital needed to fund their operations. As a result, many small business owners have decided to…
A Guide to Cash Flow Loans for Small Businesses
A Guide to Cash Flow Loans for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business owners need to be aware of their options when it comes to financing. A cash flow loan can be a great option for businesses with steady incoming revenue. This guide will help you…