Satori Capital Equips Businesses for Success with Support from Greenbox Capital®
Satori Capital buys and leases industrial equipment to businesses across the state of California. Recognizing that the high cost of equipment can hinder many small businesses from acquiring the tools they need to succeed, Satori Capital works exclusively by referral to help businesses in a variety of fields access the industrial equipment they need to succeed and grow. “Helping businesses get the equipment they can’t afford and allowing them to grow and expand is very rewarding.” – David C. A Merchant
10 Non-SBA & Non-Bank Small Business Loan Alternatives (That Aren’t Your Family & Friends)
Loans guaranteed by the Small Business Administration (often simply called “SBA loans”) are widely considered to be the best funding option for small business owners because they offer the best terms, the lowest rates, and some of the highest funding limits. However, these benefits come with significant drawbacks — SBA loans are the hardest type of funding to acquire, requiring outstanding credit, a specific amount of time in business, and a lengthy application that can take weeks or even months to
Featured on Smart Business Daily: What is Alternative Lending and When Does It Make Sense for Your Business?
Funding from the SBA or other traditional lenders like banks and credit unions is often considered the best source of financing for small business owners. These lending institutions are also well-known for being the most diffiuclt funding to acquire, typically only funding well-established businesses with strong financial histories. They also have the most arduous application process and the strictest approval requirements. What do you do if your business needs funding quickly and you don’t have the time to undertake the rigorous application process
The Advantages & Disadvantages of Alternative Lending Companies for Small Businesses
The Small Business Administration (SBA) and other traditional lenders like banks or credit unions are often the first choice for small business owners who are seeking funding. These popular funding partners offer a number of advantages—better terms and lower fees, for example—but many business owners don’t meet their stringent approval requirements and most applicants are rejected. Not receiving the funding you need from the SBA or a conventional bank doesn’t mean you’re stuck financing your business’s growth through personal loans or
Featured on Business2Community: How to Build Good Credit for Your Business
Establishing and building good credit for your business is vital for all small businesses, regardless of the size or type of business or how long you’ve been in operation. Many small business owners apply for funding to cover operating expenses or fuel their growth, only to discover that they don’t qualify because of a lack of business credit or poor business credit. It’s especially common for newer businesses to have a thin or non-existent credit profile, which means these busienss owners will need
The Advantages and Disadvantages of SBA Loans
Small Business Administration (SBA) loans are typically considered to be the preeminent loan option for businesses operating in the United States. It’s true that these loans offer businesses a number of advantages, such as lower rates and longer terms, but they have drawbacks as well, including strict approval requirements and extensive paperwork. The application process can take weeks or months and most applicants are rejected. If you have a strong personal and business financial history and the time to compile the
Business Credit Cards vs. Merchant Cash Advances for Small Business Funding
When a small business needs access to more working capital, two options commonly come to mind first: apply for a small business loan or get a business credit card. Small business loans are ideal for when you need larger amounts of capital to help support your growth or recover from an unexpected setback, but they often have strict approval requirements and long application timelines. They are also very difficult to acquire from traditional lenders, especially if you need a smaller loan
7 Myths and Misconceptions About Merchant Cash Advances
Merchant cash advances (MCAs) are a form of alternative small business funding that emerged after the 2008 recession in response to a growing need for accessible financing. With a simpler application, faster turnaround, and more flexible approval requirements, merchant cash advances have made more working capital available to business owners who may not be approved by the Small Business Administration or other traditional lenders like banks and credit unions. Despite being a practical and popular source of funding for over a
How Do Merchant Cash Advances Work for Small Business Financing?
There are many different types of small business financing available to business owners in 2021. Each type of financing works differently, with unique qualification requirements and different rates and terms. To make matters more complicated, certain types of financing are better suited for specific purposes, which can make selecting the right funding option feel like an insurmountable challenge. Traditional bank and Small Business Administration (SBA) loans get the most attention, with many online resources extolling the virtues of these lenders and