SMB Compass Blog
Check out the latest industry news and trends
Is a Small Business Loan Secured or Unsecured?
Is a Small Business Loan Secured or Unsecured? | Share on Facebook Share on Linkedin Share on Twitter Contents Small business loans can be secured or unsecured depending on the loan you’re applying for. In a nutshell, secured business loans are backed by collateral, while unsecured loans aren’t. Each option has its risks and merits,…
Denied SBA Loan: What You Can Do About It
Denied SBA Loan: What You Can Do About It | Share on Facebook Share on Linkedin Share on Twitter Contents SBA loans are one of the most popular loans among small business owners. The Small Business Administration’s (SBA) goal is to provide affordable financing to those who can’t get it elsewhere. Those who qualify enjoy…
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth | Share on Facebook Share on Linkedin Share on Twitter Elon Musk has been one of the world’s wealthiest people in recent years. But how exactly did he manage to go from zero to $199 billion? To find out, let’s take a look at…
A Guide to Same Day Business Loan Eligibility
A Guide to Same Day Business Loan Eligibility | Share on Facebook Share on Linkedin Share on Twitter Contents Running a business can be rewarding, but it’s no walk in the park. On top of your managerial responsibilities, you need adequate working capital to sustain your business and take advantage of growth opportunities. Most of…
Stacking Loans: Everything You Need to Know About It
| Share on Facebook Share on Linkedin Share on Twitter Contents During the 2008 recession, big banks and credit unions have been wary of lending money to small businesses. This made it hard for them to secure the working capital needed to fund their operations. As a result, many small business owners have decided to…
A Guide to Cash Flow Loans for Small Businesses
A Guide to Cash Flow Loans for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business owners need to be aware of their options when it comes to financing. A cash flow loan can be a great option for businesses with steady incoming revenue. This guide will help you…
Business Loan Interest Rates: A Guide for Small Businesses
Business Loan Interest Rates: A Guide for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business loans can be an excellent resource for starting or growing your business. However, the only way you’ll be able to make the most out of it is by choosing the one with the…
Top 5 Best Bad Credit Business Loan Options for Small Businesses
Top 5 Best Bad Credit Business Loan Options for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Securing funding is one of the many struggles that small businesses face. But a bad credit score is usually the biggest roadblock that prevents companies from qualifying for business financing with excellent terms.…
SBA Loans: Who is Eligible for a Small Business Loan in 2022?
SBA Loans: Who is Eligible for a Small Business Loan? | Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways The Small Business Administration created government-backed loans to help small businesses qualify for reliable financing. To qualify for an SBA loan, you need to meet the SBA’s small business size standard, operate…