It’s been said so much at this point that it definitely falls under the category of a cliche: when it comes to having a successful business, the three most important things are — say it with me — “Location! Location! Location!”

As a small business owner, one of the most significant challenges you can face is getting the money necessary to operate and grow your enterprise. Whether you’re just starting or you’ve been in business a while and want to expand, getting a loan can feel like an overwhelming process.

For business owners unaccustomed to invoice factoring, selling accounts receivable can be confusing. It’s true that factors do offer companies fast access to cash, but they don’t provide typical loans. The cash that a company receives doesn’t need to be repaid over time with interest. In fact, in most cases, it never needs to be repaid!

Regardless of your business, there’s a good chance that you rely on equipment of some sort to do your job. If you’re in construction, you need cranes and trucks. If you’re a dentist you need X-ray machines. If you own a restaurant, you need commercial ovens and refrigerators. If you own a gas station, you need gas pumps and coolers for drinks and snacks.

For most businesses, cash flow is not always a sure thing. You have months of surplus where it seems like the profits are rolling in, and then you’ll have a whole season where you can’t seem to get in the black no matter how hard you try. This might not seem like the...

As an entrepreneur, you want to be able to run your business smoothly and efficiently. However, for many people this, unfortunately, means floating on credit when money is tight. While having a company credit card can be essential, it’s never a good idea to rely on credit cards too often to balance your books.

There are very few businesses out there that are able to stay profitable every part of the year. Most businesses experience a season or two of profit and success, and then have to use the money they made during that time to make it through the rest of the year, when earnings drop off.

As an entrepreneur, you know that you have to spend money to make money. Whether you’re just starting, trying to expand, or you need a cash infusion to manage some unexpected expenses, getting a business loan is a necessary part of the enterprise process.