When we hear short-term funding, most of us think of shorter payment terms and higher fees, right? Whereas short-term funding is actually referring to the timeframe in which you will receive funding. If the funding period is less than one year, then it is considered short-term financing. WallStreetMojo goes into a bit more in-depth by […]
Many business owners struggle to get enough financing to run their small businesses – that trouble is amplified when the owner has bad credit. According to FICO, people with credit scores between 300 to 629 are considered to have bad credit. Many factors go into determining one’s credit score, and repairing a poor credit score […]
Expect the unexpected, especially when it comes to owning or operating a business. There will always be obstacles, stressful moments, and big challenges to face, and unfortunately, most of which you will not have control over. What kind of challenges are you facing in your business? The list could be short or endless and may […]
It is one of the most difficult times for businesses all around the globe with COVID-19 creating financial havoc for most businesses. A report from the National Federation of Independent Business (NFIB) dated back in the early days of the crisis on March 30, stated that 92% of small businesses admitted to suffering negative effects […]
There are hundreds of industries and even more types of businesses. While all of these differ in some ways, there is one similarity that rings true for all. Every business needs one important thing whether to start, grow, or maintain: money. Finances are indispensable, yet are limited and tough to manage. There will always be […]
Businesses need working capital to start, maintain, and grow. Most will set aside a select amount and consider this their excess capital, which enables them to take risks, make big decisions, and most importantly, easily pay off debt or pay for unexpected events like a machine malfunction. Until you hit one of those roadblocks or […]
With most traditional funding, any business may apply and general qualifications for that business may include: tax returns, profit and loss statements, balance sheets, and a few others. On the opposite end of the spectrum, USDA funding is offered. Not every business is accepted, nor can every business apply. Here we will discuss the USDA […]
If you are seeking funding for your small business, it’s important to become familiar with the term, Confession of Judgement. A Confession of Judgement or a COJ is a written agreement signed by a debtor. COJ has become increasingly common since the aftermath of the 2008 financial crisis. These terms often proclaim liability. The agreement […]
When you need access to working capital and you’re ready to apply for funding, you don’t have a lot of time to weigh your options. You need something that works, and that will work quickly without a lot of effort. We’re here to give you your solution. Well, we can at least give you suggestions for your solution.
