SBA loans are backed by the government, making them a safer option for lenders, which translates to potentially lower interest rates and longer repayment terms for you. They come in various types with different purposes, like starting a business, expanding operations, or purchasing real estate. However, the application process can be more complex and time-consuming
Think of this like a flexible credit card for your business. You get approved for a certain amount and only pay interest on what you use. It’s a good option for covering unexpected expenses or short-term cash flow needs, but the interest rates are usually higher than SBA loans
This is where you sell your outstanding invoices to a factoring company at a discount. They collect the payments from your customers and give you a portion of the invoice amount upfront.
This is where you sell your outstanding invoices to a factoring company at a discount. They collect the payments from your customers and give you a portion of the invoice amount upfront.
This is where you sell your outstanding invoices to a factoring company at a discount. They collect the payments from your customers and give you a portion of the invoice amount upfront.