SBA Loans for Businesses – Borrowstar

The 7(a) loan program is SBA’s primary loan program for helping startup and existing businesses, providing funds for a variety of general business purposes. SBA does not make direct loans. Instead, it provides a credit enhancement to participating lending institutions.


Business Credit Score Basics: a Primer

Did you know there’s not just one main type of credit score, but two! You have your personal credit score. But your business also has a credit score. According to “Business Credit Decoded”, 90% of small businesses are unaware that their business has a unique business credit score independent from the owner’s personal credit score.

Small Business Loans Made Easy – Borrowstar

While you may know that you need a small business loan for your company, that doesn’t mean you necessarily feel 100% confident about the process. Learning more about it and the factors to consider can help you to feel both more secure in your choices. We describe some of the main options you have when it comes to business funding.

Why Character is King when it comes to Getting a Business Loan

Lenders talk about the 5 C’s regarding business borrowers:Cash Flow, Collateral, Capacity Conditions, and Character. Cash Flow has to do with the amount of cash the business generates.  It looks at the business’ revenue and its expenses.  Cash flow analysis identifies the earnings a company produces; the lender knows those earnings will be used to…

Being Prepared for the Restaurant Loan Interview

The kinds of questions that a lender will ask depends heavily on the nature of the business of the borrower.  Restaurants, just like any other business, have their own peculiarities.  A lender’s job is to get paid back with the least hassles and when deciding whether a restaurant should get a loan, his task is no different…

Consider These Options When Funding Your Small Business – BorrowStar

Inventory? Check, Employees? Check, A base of customers? Check. You have all of these things ready to go and your small business dream is about to take off, but you are forgetting one thing… capital. A business needs money to run effectively, and the vast majority of us do not have huge amounts of cash…

How To Find The Right Unsecured Small Business Loan

An unsecured business loan has many advantages over a secured loan. You are not required to risk collateral, such as your home. If your business is struggling and you are unable to repay the loan, the lender will not take your assets. While you do not need collateral to qualify for an unsecured business loan,…