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How to Buy a Business with No Money

If you’re looking to acquire a business – there are several routes you can take. However, if you don’t have cash on hand, this can limit your options.

In this guide, we’ll explore some popular methods to buy a business with no money so you can start your entrepreneurial journey.

Written By: Misha M., CFA
5/28/2024
Current Construction Loan Interest Rates (2024)

In this article, we’ll discuss the average interest rates certain kinds of construction loans get, the factors that determine construction loan interest rates, the cost of a construction loan, and construction loan alternatives.

Written By: Misha M., CFA
5/28/2024
Best Food Truck Financing (Start or Grow Your Business)

In this article, we’ll discuss how you can get financing for a food truck, what to look for when getting financing, and which financing options are available to food trucks.

Written By: Misha M., CFA
5/23/2024
Best Loans for Cleaning Businesses

In this article, we’ll discuss several financing options available to cleaning businesses, what you should look for in a business loan, and how to secure financing for a cleaning business.

Written By: Misha M., CFA
5/23/2024
How to Determine Cost of Debt (Formula & How to Calculate)

In this article, we’ll explain how you can find the after-tax and before-tax cost of debt, the factors that determine the cost of debt, and how to reduce the overall cost of debt.

Written By: Misha M., CFA
5/23/2024
Is a Small Business Loan Installment or Revolving?

In this article, we’ll discuss these differences, how each kind of financing works, and the advantages of both so you can easily determine which is better for your small business.

Written By: Misha M., CFA
5/23/2024
Business Line of Credit vs Loan: Which is Better?

In this article, we’ll compare business lines of credit with business term loans to help you decide which type of financing will yield the results you’re looking for.

Written By: Misha M., CFA
5/23/2024
How Many SBA Loans Can You Get?

Can you take out multiple SBA loans at once? In this article, we’ll discuss everything you should know before applying for multiple SBA loans, including requirements, pros and cons, and restrictions.

Written By: Misha M., CFA
5/23/2024
10+ Most Profitable Franchises to Own

If you’re interested in becoming a franchisee, it’s best to know which franchises are the most profitable. After all, you’ll need to make a sizable investment up front, so finding a franchise that is likely to provide an ROI is essential.

Written By: Misha M., CFA
5/23/2024
How to Find a Small Businesses to Buy

We’ll discuss several places where you can find small businesses for sale and some tips when purchasing a small business.

Written By: Misha M., CFA
5/23/2024
Types of Business Acquisitions

If you’re looking to expand operations, cut costs, and boost profits, acquiring a business could help you reach your goals.

Written By: Misha M., CFA
5/23/2024
How to Get a $60k Business Loan

In this article, we discuss the kinds of financing available, as well as the steps you’ll need to take to secure a $60k business loan. Additionally, we provide some tips for securing a loan with bad credit or limited business history.

Written By: Misha M., CFA
3/21/2024
SBA 504 Loan vs SBA 7(a) Loan

If you’ve decided that getting an SBA loan is the best way for you to secure business financing, then you’ve probably heard of SBA 504 and SBA 7(a) loans.

Written By: Misha M., CFA
3/19/2024
What Happens to My SBA Loan if My Business Closes Down?

Before you decide on securing a business loan through the SBA, you should understand what happens to the loan in the event that your company goes out of business

Written By: Misha M., CFA
3/19/2024
Business Loans for Laundromat (Best Options)

If you’re looking to secure financing for your laundromat, there are plenty of options worth considering. Whether you need a larger loan amount, more flexible payments, or just want a simple, fast approval process – there’s a type of financing that’s perfectly suited for you. Here are some of the best business loans for laundromats to explore.

Written By: Misha M., CFA
2/16/2024
How to Get a $100k Business Loan

No matter what kind of business you’re running, a $100k business loan can go a long way. Your financing can be a great way to purchase new equipment, expand to a new location, cover working capital expenses, and much more.

Written By: Misha M., CFA
2/16/2024
Beyond Funding: How Business Loans Can Help Your Business Save Big on Taxes

At Llama Loan, we understand the importance of maximizing the benefits of business loans. Through our research, we have discovered an often-overlooked benefit that very few borrower take advantage of. As businesses work to enhance their financial well-being, taxes often play a significant role. Business loans not only grant access to crucial capital, but they …

Written By: Adam F.
3/24/2023
Equipment Financing for Small Business

If you need funding to purchase equipment for your business, there are plenty of options to examine. One of the best, however, is equipment financing. This type of financing is specifically designed to help you get the equipment you need to grow your business, with favorable terms and rates. In this guide, we’ll explore how …

Written By: Adam F.
2/22/2023
Bad Credit Equipment Financing

When it comes to equipment financing, there are an assortment of options available to those with bad credit. It’s important to consider the cost of your borrowing when considering bad credit equipment financing, but for some businesses it can make the difference between thriving or dying. In this guide, we’ll take a look at how …

Written By: Adam F.
2/22/2023
How to Apply for an SBA Loan

When it comes to financing options for your small business, choosing an SBA loan can be an attractive option for many reasons. With competitive rates, flexible terms, and more lenient requirements, SBA loans are some of the most utilized small business financing options on the market. That said, applying for an SBA loan isn’t as …

Written By: Misha M., CFA
2/22/2023
Tips for Finding the Best Business Line of Credit

Using a business line of credit can be a convenient and affordable financing option for many small businesses seeking cash to manage their operation. They work similarly to a credit card by offering a revolving line of credit that your business can utilize whenever needed – except often with higher limits and lower interest rates. …

Written By: Misha M., CFA
2/21/2023
Small Business Loans: Llama Loan vs. Blursoft

One of the best strategies for financing your business is using a loan broker like Llama Loan or Blursoft. A loan broker can help you identify which options you qualify for and what offers will be available for your credit profile. Overall, a loan broker can reduce the legwork you need to do to find …

Written By: Tim B.
2/21/2023
Merchant Cash Advance Same Day Funding

If a small business needs money quickly, a merchant cash advance could be a helpful solution. A merchant cash advance (MCA) is a financial product that is an alternative form of business financing. Instead of using typical financing rates, MCA providers take a percentage of daily or, more rarely, weekly sales until you remit the …

Written By: Tim B.
2/14/2023
Advantages and Disadvantages of Factoring

When it comes to growing and operating your small business, cash flow challenges are prone to arise at some point. Factoring is one way to alleviate these problems to get your business back on track. One of the common culprits that many businesses face is invoicing and collecting accounts receivable payments. In these instances, invoice …

Written By: Adam F.
2/14/2023
What is Factoring in the Trucking Business?

For any small business, invoice factoring can improve cash flow and eliminates the challenging chore of collecting payment for invoices. This type of financing can help to alleviate some of the cash flow challenges many small businesses face, but it does come with a cost. So what is factoring in the trucking business and how …

Written By: Adam F.
2/14/2023
SBA 7a Loan Requirements

SBA loans can be a great asset for business owners and entrepreneurs seeking for capital to start or operate their enterprises. They offer a multitude of benefits including competitive interest rates, quick funding options, and generous maturity options. But in order to have your application approved, you must meet the SBA 7(a) loan requirements. Below …

Written By: Misha M., CFA
1/31/2023
How Do I Check the Status of My SBA Loan?

If you’ve applied for an SBA loan, you might be wondering how to check the status of your application. Because of how long the application process takes, it can be helpful to know where you stand. Here’s how to check the status of your SBA loan and a few things you can do to accelerate …

Written By: Misha M., CFA
1/31/2023
SBA Loan Interest Rates

An SBA loan can be a convenient funding option for your small business. These loans are backed by the Small Business Administration and provide an easy way to get the capital you need at a reasonable rate. Fluctuating interest rates can profoundly impact the cost of borrowing money for your business. Here are the current …

Written By: Misha M., CFA
1/27/2023
How to Get a Business Line of Credit

When it comes to operating a small business of any kind, financial challenges and hardships are common. In fact, 20% of new businesses close within a year of opening. That’s where a business line of credit can help. With a business line of credit, you can get access to funds that can help alleviate cash …

Written By: Adam F.
1/27/2023
Business Line of Credit Rates

Cash flow can be one of your most challenging concerns when running a small business. Considering that most small businesses fail in the first five years of operation, according to the Bureau of Labor Statistics, it’s critical to have a plan in place to manage your money correctly. Some entrepreneurs may think that just increasing …

Written By: Adam F.
1/27/2023
How Does a Business Line of Credit Work?

A business line of credit is a valuable tool for your enterprise that can help streamline your finances and ensure that you have funds available when necessary. A business line of credit differs from other common types of financing, like small business loans and credit cards, and may be available on more attractive terms and …

Written By: Adam F.
1/27/2023
What is a Factoring Company?

One of the perennial headaches for small businesses is the collection of accounts receivable. Whenever you sell something to a customer, you provide them with an invoice stating the product or service rendered, the price, and the terms – or when the money is due. Then, you wait for payment. In most cases, your customer …

Written By: Adam F.
1/27/2023
Understanding Business Line of Credit Requirements

A business line of credit is a flexible funding option that allows a company to borrow money as needed up to a specified limit. It is similar to a credit card in that it can be used for various business expenses, such as inventory or equipment purchases, and the balance can be paid off over …

Written By: Tim B.
1/22/2023
What is a SBA Loan?

Small Business Administration (SBA) loans are U.S. government guaranteed loans that are designed to help small businesses obtain financing if they aren’t eligible for traditional forms of funding. These loans are typically offered by banks and other lending institutions, but they are backed by the SBA, which means that the U.S. government is responsible for …

Written By: Adam F.
1/11/2023
Typical Small Business Loan Interest Rates

When you apply for a business loan, the most important aspect of the loan to you is likely the interest rate. Interest rates are the cost of borrowing money from a financial institution to fund the operations of a business. These rates can vary significantly based on many factors, including the type of loan, the …

Written By: Tim B.
1/8/2023
What is a Merchant Cash Advance (MCA)?

Choosing a merchant cash advance can be a great option if your small business needs financing, but may not qualify for a traditional small business funding. With a merchant cash advance, you can use your sales history as a pledge to your creditworthiness and secure funding for your business within weeks. So what is a …

Written By: Adam F.
1/6/2023
Loans for LLCs

Loans for LLCs LLCs are some of the most popular business formations for a variety of reasons. However, if you’re seeking funding for your LLC – this can come with specific challenges that other types of business don’t face. So which types of loans are best for LLCs and how can you qualify? We’ll share …

Written By: Adam F.
1/6/2023
What Is an Unsecured Business Line of Credit?

An unsecured business line of credit lets businesses borrow money without collateral up to a certain limit. Because it’s unsecured, the business doesn’t have to put any of its assets, like equipment or real estate, as security for the loan. A line of credit can be ideal for businesses that need flexible financing or short-term …

Written By: Tim B.
1/1/2023
Small Business Funding

As a small business owner, you may be wondering how to finance your business. There are a few options for small business funding, including loans, grants, and investment capital. Keep reading to learn more about each option and what might work best for your business. Why small businesses need funding Finding the best small business …

Written By: Adam F.
12/30/2022
Getting a Small Business Loan

There’s no denying that securing funding for your business can be a challenging process that requires a significant amount of patience and endurance to get to the finish line. But there are a few ways to expedite the process while also receiving the best rates and terms available. Here’s how you can get a small …

Written By: Adam F.
12/29/2022
Selecting the Best Business Loan Provider

Applying for a business loan can involve a lot of research and time to find the right option. You have to determine what type of loan is best, how much to borrow, which lenders you could qualify for and which lender offers you the least expensive option. Not everyone has the kind of time to …

Written By: Tim B.
12/14/2022
Understanding Business Loan Terms

A small business loan term is the lifetime of the loan, or how long the borrower will pay back the loan and interest. the borrower and the lender establish a schedule to determine how much will be paid monthly or weekly in some cases. Also called repayment terms, loan terms can range from a few …

Written By: Tim B.
12/9/2022
What is Employee Retention Tax Credit (ERTC)

The employee retention tax credit is a financial incentive offered by the government to businesses that retain their employees during the COVID-19 pandemic. This credit is designed to help businesses offset the costs of retaining their employees, such as wages and benefits, and to encourage them to keep their workers on payroll. The employee retention …

Written By: Adam F.
12/7/2022
How to Get Fast Business Funding

Obtaining funding for your business can be a cumbersome process, but there are several options that can expedite the process so you can get the money you need, when you need it. Here’s how to get fast business funding so you can reach your business goals. Know what type of funding you need Understanding the …

Written By: Adam F.
11/24/2022
Understanding Business Loan Requirements

When you need more money to expand or enhance your business, it may be time to seek a business loan. Business loans have stricter requirements than many other types of loans because they present a bigger risk to the lender. Make sure you meet the requirements before you apply. Business loan requirements by lender type …

Written By: Tim B.
11/24/2022
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