A business plan is a written document that is broken down into several different sections that set the procedures for operating your business and enabling you and your lender to understand and plan for the needs of your business. Think of the document as telling your story and answering the ... Read More »
What is a Credit Score: The most commonly known credit score is the FICO score developed by the Fair Isaacs Company. FICO scores range from 300 to 850, the higher the number the better the score. A credit score below 650 may make it more difficult to obtain a loan. Business lenders look ... Read More »
BoeFly, the online exchange that successfully connects business borrowers with the over 1000 participating lenders, has analyzed the financing requests posted on its marketplace and has identified the following key elements necessary for obtaining business loans on the best possible terms: ... Read More »
If your business is like most U.S. small businesses, you will be, subject to certain exceptions, eligible for an SBA loan. The specific rules regarding are found in a series of Standard Operating Procedures (SOPs) that the SBA has promulgated to guide SBA Lenders as well as in Title ... Read More »
Many small businesses become a part of franchise systems and a recent survey of franchisors confirmed that their greatest single concern is Financing/Access to Credit. Consequently, small business job growth is closely tied to the ability of franchisees to obtain ...