Many small businesses struggle to get loans, especially from traditional banks. Online lenders like First Union Lending can help you choose the type of financing you need and get you funded ASAP. Before applying for a business loan, there are specific steps...
A Merchant Cash Advance (MCA) offers a business a funding advance against their company’s future sales. Typically, an MCA is available to businesses that have a consistent volume of credit and debit card sales. MCA’s range from a few thousand dollars to...
When applying for a commercial loan, one of the things that you will have to submit is your bank statements. Why? Bank statements can reveal quite a bit about the state of your company and your ability to manage money. Based on what they see when it comes to your bank...
According to the IRS, there are two types of business expenses: business and capital. A business expense is an ordinary and necessary expense without which you cannot run your business. They include things such as rent, insurance, and state taxes. A capital expense is...
Are you a sole proprietor considering a switch over to become an LLC? You may have some questions you need answers first to like: How do you create an LLC? What are the Benefits of an LLC in comparison to a sole proprietorship? What do you need to maintain your LLC...
