Commercial loan interest rates fluctuate due to various factors, including economic conditions and shifts in the federal funds rate. Over the past several months, the commercial mortgage market has experienced some volatility as the Federal Reserve has adjusted the interest rate to control inflation.
As of January 10, 2025, the average interest rate for a 5-year commercial mortgage loan is
Some lenders offer business loans with EIN only, meaning they evaluate the business’s credit history rather than the owner’s personal credit. This approach benefits business owners who want to separate personal and business finances or have less-than-perfect personal credit. While not all lenders provide this option, alternative business financing providers and online lenders may consider applications based solely on business
Manufacturing business loans are specialized financial products tailored to meet the unique capital needs of businesses in the manufacturing industry. These loans provide access to funding for purchasing manufacturing equipment, managing cash flow, expanding production capacity, or financing large projects. Unlike general-purpose loans, manufacturing loans often account for the sector’s reliance on costly machinery and raw materials, offering flexible terms
Business loans tailored to a meat processing and food business can be a game-changer for butcher shop owners looking to expand or overcome financial challenges. Butcher shop loans provide the capital needed for equipment upgrades, inventory increases, or improvements to physical locations. With the right funding, you can innovate, adapt to the market’s requirements, and maintain a competitive edge.
By leveraging your EIN, you can separate your personal and business finances while building your company’s credit profile. This makes sense for financial reporting and opens up some potential funding opportunities.
The biggest misconception many small business owners have about business credit is that they have a business credit profile. What’s more, of those business owners aware and mindful of their business credit, many of them have likely never heard of the FICO SBSS Score or FICO Small Business Scoring Service.
The net working capital formula allows you to see exactly how much cash you can spend at this time, along with whether or not your business has enough assets to cover short-term expenses. This equation requires just two numbers: your business’s current assets and your business’s current liabilities.
How Do Businesses Use Trade Credit to Order Inventory? Trade credit refers to an arrangement between one business (the customer) and that business’s inventory or raw materials supplier (the vendor). The customer buys goods or services but pays the vendor at least one month later. This mutually-agreed-upon due date usually ranges from 30 to 90 days after the customer places
As if protecting personal credit wasn’t stressful enough, business leaders have another credit score to worry about. It’s called your business credit score, and it has a significant effect on your capacity to grow. Without strong business credit, beneficial business partnerships and financial resources are much harder to obtain. Though business and personal credit have several commonalities, establishing and maintaining
Business growth is a scary endeavor. There are so many uncertainties and potential mistakes lying ahead. First off, it’s often difficult to tell if your business is even ready to grow at all. Is this the right time to make significant changes? How do you know if you’re growing too fast? Countless failed businesses believed they were ready to grow,
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
UCS will never communicate with a prospective client on Facebook, Facebook Messenger, or any other type of social media. Further, any email communications will always come from an official UCS email address and not a Gmail, Yahoo, or other email domain. If you believe you have been contacted by someone posing as an employee of UCS, please email [email protected].
