Traditional financing refers to the process of obtaining funding for a business from a bank or other traditional lending institution. Traditional lenders typically have strict requirements for borrowers, including a strong credit score, established business history, and collateral to secure the loan. Pros of traditional financing There are several benefits to using traditional financing for […]
When it comes to obtaining financing for a business, there are a variety of lenders and loan types to choose from. While traditional financing is the first option that comes to mind, private lending can offer significant advantages for certain types of businesses. Private lenders are typically more flexible in their lending requirements, and can […]
Factor rates and interest rates are two common loan rates used by lenders to finance small businesses. Factor rates are typically used for short-term loans and merchant cash advances, while interest rates are commonly used for long-term loans. When choosing between the two rates, businesses should consider their financial situation and goals to determine which […]