SBA Loan vs. Conventional Loan: Which Is a Better Fit for You?

When it comes to financing business growth, entrepreneurs have a growing number of options to consider, and determining which lender is right for you can be a bit of a headache. Two lending options that consistently make the top of the “best business loans” list are bank loans and SBA loans. They are generally the lowest cost options available, and offer the most flexible repayment terms, but are also the hardest to qualify for. SBA Loans vs. Bank Loans: What’s Read More

The Complete Guide to Investment Property Loans

If you’re looking for a new income stream, investment properties can be a smart strategy. The rental market is booming. According to Abodo, the national median rent for a one-bedroom apartment is $1,025.  If you want to become a landlord, you’ll likely need to take out an investment property loan to buy your first investment property. Here’s everything you need to know about your financing options.  4 types of investment property loans Preparing your business and business credit for a Read More

Rental Property Mortgage Rates — What to Expect

Buying a rental property isn’t always an easy process. To become a landlord, there are a lot of responsibilities you’ll need to check off your to-do list. First, you need the right investment property. Then you need to qualify for an affordable investment property loan to make the purchase. But once you complete these initial steps, owning an investment property can potentially give you access to a lot of benefits.  Perhaps the biggest benefit of owning rental properties is the Read More

Everything You Need to Know About the New Overtime Law for 2020

Cash is king for business owners, plenty of it can make your dreams come true, and a lapse in cash flow can sink everything. One of your most important expenses as a business owner is payroll, and things could get a lot pricier starting Jan. 1, 2020, thanks to a change in overtime rules. New Overtime Rule In 2004, the US Department of Labor (DOL) established $455 per week as the earning level at which employees would become exempt from Read More

How to Make an Income Statement

An income statement, also called a profit and loss statement (or P&L), is a helpful tool you can use to track the financial performance of your business. It allows you to determine, at a glance, whether your business is making or losing money. “An income statement shows your bottom line and whether your business is profitable over a period of time” explains Jo-Ann Yuen, a Chartered Accountant with 20+ years experience with multinational corporations and start-ups and the VP of Read More

What Is ARV in Real Estate?

For real estate investors who make money by flipping homes, ARV is a critical metric for determining whether a property can be profitable. Short for after repair value, ARV tells you how much the home is worth after you’ve made the necessary repairs and renovations.  If you’re a fix-and-flip investor, it’s crucial not only to know how to calculate ARV but also to understand how to use the figure to maximize your profitability. What is ARV in real estate? Fix-and-flip Read More

Brex Releases New 50k Point Welcome Offer

Brex is here to stay. The new issuer has already garnered plenty of attention with a lower barrier to entry for younger businesses than other business credit card issuers, and they’re not done yet. Brex recently added a welcome offer for their , giving cardholders 50,000 points for spending just $1,000.  For growing businesses, the Brex card is a welcome change to the business card industry that would otherwise leave them on the sidelines. Because it’s a charge card, not Read More

Rehab Loans for Investors: Understanding Your Options

If you’re planning on flipping houses for profit, you’ll likely have to make significant repairs and renovations to the home. To do so, you’ll probably need a rehab loan to pay for the property and its repairs so you can sell it. There are three main types of rehab loans for investors you should know about.  1. FHA 203(k) permanent rehab loan Best for: Buyers who want to renovate a home for their own use If you’re looking to renovate Read More

Best hard money loans with 100% financing

Not everyone has the luxury of getting approved for a loan. Whether it’s a low credit score (check your business and personal scores with Nav) a spotty payment history, or lack of evidence to prove your creditworthiness, you may not have what it takes. But that doesn’t mean you don’t have options. You may want to consider getting a hard money loan. What Is a Hard Money Loan?  A hard money loan is a type of secured loan that uses Read More

The Average Business Loan Interest Rate in 2019

If you’re looking to get a small business loan to start or expand your company, you may be wondering about the average business loan interest rate. What is the average business loan interest rate? The average business loan interest rate for a small business loan in 2019 ranges from as low as 2% or 3% to as high as 100% or more. With so many different types of business loans available for borrowers across a broad credit spectrum, the answer Read More