How to get an equipment loan

Is an equipment loan the right move? An office full of computers, tractors to work the fields, x-ray machines and dental chairs, outfitting a restaurant or manufacturing plant… equipment is often the most expensive purchase a business will make and a major investment that impacts cash flow for years to come. Naturally, it brings up questions…

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What are USDA loans?

Thriving businesses are important-and not just in big cities. Farmers, cooperatives and rural businesses are the lifeblood of our small towns and play a key role in Arizona. Towns like Parker, Yuma, Quartzsite and Goodyear keep the State’s economic health humming along. Did you know Yuma is the winter lettuce capital of the world, according to…

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What is a SBA 504 loan?

What is a 504 loan, you ask? Here’s the skinny, but don’t forget to consult with an SBA-approved lender to explore its finer points. Also called the Certified Development Company or CDC/504 loan, the Small Business Administration (SBA) 504 loan is a commercial real estate loan used to purchase land with buildings on it, fund new…

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Understanding Business Line of Credit Loans

Virtually every small business begins its financial life leveraging the founder’s personal credit history and borrowing capacity. Personal credit cards, savings accounts, loans from family or  friends… these are common ways to fund a startup. Building a credit history in the name of the business is the next step, often by opening business checking accounts…

The true cost of online loans

by Jerry Ernst (As seen in June’s issue of InBusiness magazine.) It’s a common situation. You needed a loan to grow your business and, since banks need a substantial amount of paperwork you didn’t have time to produce, you went with an online loan. The loan application only took about twenty minutes, with minimal fuss and…