If you think a loan is just a loan – stop. The purpose of a commercial loan is to generate revenue, make improvements (equipment) or commence new construction development. Generally, these loans have short durations, some have balloon payments and [...]
It's difficult to imagine a time when insurance wasn't an integral part of managing risk for both individuals and businesses alike. But insurance has evolved over the millennia from something we would barely recognize to the products of today. To [...]
Managing debt for any business is an essential part of growing it. Creating a thriving business with sufficient cash flow that becomes an asset is critical to controlling the company’s debt. The biggest challenge for most owners is managing the [...]
Having any kind of debt while you're in business can be a little nerve-wracking, even if the business is swinging from strength to strength. But it can be downright terrifying to manage if you're in the middle of selling your [...]
According to Forbes, only about 50% of businesses survive past year five. There are many reasons for this staggering failure rate. But regardless of the cause, it makes lenders skittish about lending to startups or people buying an existing business [...]
