Tag: collateral
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Bank Loans versus Investors: Weighing the Options of Start-up Capital
Posted On: March 22, 2021 by Falcon National Bank in: Manage your Business | Business Banking
When you are younger and need some spare money to fix your car or pay an unexpected bill, you might borrow money from your family or get a part-time job. When a new business needs start-up capital to get on their feet, the options are much more deliberate and thoughtful. There are two main options when earning capital to start a business: taking out a business loan from a financial institution or partnering with an investor. Of course, there are benefits and drawbacks to each option. Borrowing...
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5 Must-Haves for Getting a Small Business Loan
Posted On: September 10, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Getting approved for a small business loan can be a hurdle for many small businesses. Many banks are reluctant to gamble on small businesses and have pretty tight lending standards. However, it’s often necessary and crucial to obtain outside funding to start or grow a business. This puts small businesses in a tricky spot. While you can’t avoid the fact that acquiring a small business loan is going to be less than fun, there are things you can do to make it easier. Going into any situation...
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