Category Archives: Commercial Loans

Business Loans: Secured or Unsecured?

It is important to understand the significant difference which exists between secured and unsecured loans. The riskier the loan is for the commercial lender, the higher the interest rates for you will be, therefore, you can often negotiate competitive interest rates on a secured loan, with valuable collateral as security. A secured debt can also [...]

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Business Loans & Business Credit

Business credit is essential if you want to obtain a business loan. Form a Corporation or LLC. You can apply for an EIN number at the IRS website. Corporations and LLCs afford business owners liability protection, and you can build a business credit profile that’s separate from your personal debts. You may be able to [...]

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Why Is Your Business Loan Application Declined ?

Business loans are very important for the smooth running and even survival of businesses today. But more often than not, the application is declined for one reason or other. Business loan applications are often rejected because of some problem in the documentation or some other reason. While this rejection throws the business plans off-track for [...]

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Unsecured Business Loans

What Makes A Business Loan Unsecured? Unsecured business loans are monetary loans that are not secured by any business or personal asset (collateral). The lender is counting on your business to be able to generate future income to make the monthly payments on the loan. Unsecured Business Loans Are Hard To Get Why are unsecured [...]

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Payday Loans – The Facts

A payday loan (also called a paycheck advance) is a small, short-term, loan secured against a customer’s next wages. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely [...]

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