Category: Funding Solutions

A startup business funding is any kind of financing aimed specifically towards startups with little to no business history. There are a variety of new business loans and financing methods available to new business owners: SBA microloans, business credit cards, business grants, friends and family, and crowdfunding. How Do You Apply for Startup Business Loans? The application process for new business loans depends on which method of financing you’re applying to. Here’s a breakdown of what to expect with each type of startup business loan. SBA microloans will typically have the most intensive application process. Many documents will be required and the process as a whole can take at least a few weeks.Business credit cards have a very simple application process, only requiring your federal tax ID or your Social…

Unlike other forms of business finance, a merchant cash advance can get you the money you need very quickly. Through United Capital Source, this could be in as little as 24 hours. A merchant cash advance is an option to get cash immediately for your business, in exchange for funds deducted directly from your credit/debit card payments in the future. An MCA is not as difficult to qualify for as other business loans, so business owners with little collateral, history in business, or a low credit score may benefit from this option. The amount of funding your business qualifies for depends on the amount of credit card receivables, or the sales you make to customers who pay using a credit card. So your merchant cash advance amount depends on your day-to-day…