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business debt

6 Things You Should Consider Before Applying for Business Loans

Did you know that the Burea of Labor Statistics discovered that the failure rate for small businesses across the majority of industries is 20% in their first year? Have you been contemplating applying for business loans, but aren’t sure if it’s the best decision to make for your business?  If you’re looking to learn more about

The 7 Types of Business Loans Available on the Market Today

According to the Federal Reserve, nearly 60% of business owners apply for financing support to help them get their new venture off the ground.  Are you considering joining their ranks? If so, you’ll have plenty of options to choose from. Today, there are more ways than ever before to gain access to the funds you need to

7 Advantages and Disadvantages of Applying for a Business Loan

According to insights, 29% of business failures are due to a lack of sufficient capital. This is also the second most common reason businesses go under.  If your business needs a capital injection, getting a business loan can be a good solution. Business loans hold a number of advantages over other methods of raising capital. However, business loans

How to Deal With a Debt Collector and Maintain a Good Image for Your Business

It’s happened. You are busy with a client and a debt collections agent is suddenly on the line.  Embarrassing though this may be, you are not alone. According to reports, 28% of Americans have a line of credit that has gone to collections.  If you are having to deal with receiving a collections notice in front of

6 Key Strategies to Manage Your Business Loans Smoothly

Statistics from a recent Federal Reserve survey state that 43% of small businesses applied for loans in 2019 alone.  It is often said that you have got to have money to make money. Taking out a business loan can provide you with the cash injection you need to boost your business to new heights.  However, if business credit starts