The Bottom Line by National Funding

Most lenders will require a company to be in business for at least two years before they can get a small business loan as the lender wants to make sure the company will still be around when the loan comes to term, so the lender can recoup their funds. The risk with a company that hasn’t reached two years is that there may not be enough history to...

Capital is any type of asset, including physical or financial, that is used to generate value through products and services. It can be divided into two types, working capital and fixed capital. 

When financed equipment becomes obsolete during a loan — whether because new technology has leapfrogged the existing design or regulations have made the equipment unusable — the borrower remains responsible for the remaining loan balance. This situation also triggers an impairment test that compares the estimated future cash flows the asset can generate ag...

A business credit score is a number assigned by a calculation from one of the three business credit bureaus (Dun & Bradstreet, Equifax Small Business, and 

Buying a small business can be an easy way to hit the ground running without the uncertainty of starting from scratch — especially if it is already established and has customers. But what happens if the current team does not do well with change, or customers keep coming back because of the person selling and they are part of the brand?