Lightspeed Commerce’s Post

Great Forbes article here. For business owners with bad credit (or that are unable to get traditional bank funding), we can refer you to a 22-year-old company that's lending their own money for the best available terms Check it out: https://lnkd.in/evaHkhwk

Secure a business line of credit in 5 steps: Determine funding needs, check eligibility, compare lenders, prepare documentation, and submit your application. A flexible way to manage cash flow and unexpected expenses.

Secure a business line of credit in 5 steps: Determine funding needs, check eligibility, compare lenders, prepare documentation, and submit your application. A flexible way to manage cash flow and unexpected expenses.

An interesting article from BDC about choosing a loan for your business. ---- The most important thing when shopping for a loan is to make sure it meets your needs and those of your business and that it will help you achieve your goals. This includes considering the following aspects: • Repayment flexibility • Type of collateral requested • What is or isn’t negotiable Discover 5 factors to help you make your choice. https://lnkd.in/g2VUCX8J

Reading about the best small-business loans from a recent article got me thinking – comparing funding options can be like selecting the perfect ingredient for a recipe. Each loan type is like a unique flavor, from traditional term loans to lines of credit and invoice financing. Just like adding the right spice enhances a dish, finding the best funding option can transform your business. Let's stir up some discussion on how these financial ingredients can spice up our business strategies. Share your thoughts and experiences! https://lnkd.in/daqC-_M

💼 Thinking about funding your business dreams? This blog post is for you! ✅ Know Your Options: From SBA-backed loans to lines of credit, there are loans tailored for every business need. 📋 Get Prepared: Strong credit, financial records, and sometimes a solid business plan are key to approval. 💡 Pro Tip: Compare lenders, improve creditworthiness and borrow only what you can comfortably repay. Whether you’re starting up, expanding, or buying a business, the right loan can fuel your success! 🚀 👉 For more information, check out this blog post! #SmallBusinessTips #BusinessLoans #EntrepreneurLife #BusinessGrowth https://lnkd.in/gAeNQ8F9

What will you do when you transition your business? When you transition your business, will you sell your SSN with the business? What? Of course you can’t do that, but what would you do with any personal loans against the business that haven’t been paid off when you make the sale? Will the buyer of your business take on your personal loans at the sale? Highly unlikely! You will have to pay off any open personal loans for the business from any profits you make on the sale. This is yet another reason why it’s so important to build business credit. You are not going to own the business forever. At some point a transition will have to be made. A solid business profile can build the value of your business in two ways. 1. You will have access to the money you need when you need it, so you don’t just survive, but thrive! 2. If you have a robust business credit record on your EIN, the buyer will have access to that same profile, thus making your business much more valuable to the buyer. Listen to this 2 minute clip from my esteemed partner Lindsay Pennington as she explains why business credit is the most under utilized business tool in America. Thanks to the legendary Lance F. for being an outstanding host offering a stage and a microphone to allow us to help level the playing field for the small business owner! #businessowners #smallbusiness #credit

There are many opinions out in the marketplace about MCA's as an alternative option to assist in funding your business. Guidepost Capital Advisors offers MCA's but we will make sure you understand what you are getting into when using this option. They are fantastic tools when a business needs short term cash, or if a business owner is trying to rebuild poor credit, however they ARE NOT, a long term solution, because the are extremely expensive. Call us for a free consultation on the benefits and the pitfalls of Merchant Cash Advance Financing

What will you do when you transition your business? When you transition your business, will you sell your SSN with the business? What? Of course, you can’t do that, but what would you do with any personal loans against the business that haven’t been paid off when you make the sale? Will the buyer of your business take on your personal loans at the sale? Highly unlikely! You will have to pay off any open personal loans for the business from any profits you make on the sale. This is another reason why building business credit’s so important. You will not own the business forever. At some point, a transition will have to be made. A solid business profile can build the value of your business in two ways. 1. You will have access to the money you need when you need it, so you will not only survive but thrive! 2. If you have a robust business credit record on your EIN, the buyer will have access to that same profile, thus making your business much more valuable to the buyer. Listen to this two-minute clip from my esteemed partner Lindsay Pennington, as she explains why business credit is America's most underutilized business tool. Thanks to the legendary Lance F. for being an outstanding host and offering a stage and a microphone so that we could help level the playing field for small business owners! #businessowners #smallbusiness #credit

We share our list of items that most lenders will be looking for when you apply for business funding. By compiling and submitting this information you stand a better chance of getting the right funding to suit your business. Read more here: https://ow.ly/WY4W50QPW6S