A business loan provides the capital needed to pay for a business’s expenses, including startup, operations, facility renovation and expansion. An owner generally must document the specific purposes of this capital before an application for a business loan will be approved. An equipment loan is a common type of business loan, as many businesses need…
When it comes to getting a loan, it may seem like heading to your local bank is the right choice. But for commercial real estate loans, the process can be very different. Not all banks work with these loans, and there may be significant differences on the qualifying amount, the fees and the interest rates you…
If your business operates by distributing products and services, you must rely on dependable transportation to run your company. Perhaps you are considering applying for an auto loan to update your current transportation operations or investing for the first time to launch your business. Applying for a business auto loan can get a little confusing…
Another big year. Chris Meyer, CEO of MagillaLoans, America’s anonymous search engine for loans says there was a steady increase in residential and commercial loan activity in the fourth quarter. The only reticence we saw was once the tax bill passed, we found commercial real estate stalling slightly as people, presumably, waited to close in…