How to Get a Loan to Buy a New Business

To get a loan to buy a business, an individual must first select what business to buy. Then they must pick the type of financing which best suits their needs and means. It’s important to investigate the history of the business and get a projection of future profits and consider those numbers concerning the cost of the business. The borrower typically needs a credit score of at least 650 to qualify for a…

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Best Real Estate Crowdfunding Sites Right Now

What is Real Estate Crowdfunding? Real estate crowdfunding is a type of investing which involves taking small investments from a very large group of people to fund large-scale real estate investments. Typically, the funds are pooled into a portfolio of property investments, to stabilize the investment. Each of the investors gains a stake in the portfolio based on their portion of the investment. Stakeholders receive either interest on their investment or their…

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Types of Collateral for a Business Loan

The six (6) types of collateral for a business loan include: EquipmentReal EstateInventory FinancingReceivables (Invoice Factoring)Personal GuaranteeBusiness Lien Equipment Equipment is used as collateral most commonly for industrial or agricultural businesses. The equipment used as collateral can be equipment already owned by the borrower, equipment the borrower is borrowing money to buy or a combination of the two. Highly specialized equipment may have a lower value as collateral, because of the difficulty…

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Best Loans for Bad Credit Businesses

Best Loans for Bad Credit Businesses If you’re a small business with bad credit, it can be difficult to secure financing, especially when many banks will reject loans for small businesses with bad credit outright. It’s understandable that many lenders will see your application as high risk, but be assured there are still good options out there. With the power of the internet on your side, it's easier than ever to secure…

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