Guides to small business finance

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Home for all things business financing.

The Right Access to Capital Can Make or Break a Business

Whether you run a sole proprietorship or a large business with over 200 employees…the wrong financing can destroy your business. If the business is too overleveraged, it will most likely fail to meet creditor obligations and afford operational expenses

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Why Work with Line of Credit Depot and Not Your Banker

Most businesses, when looking for capital, head on over to their local bank. It’s a logical move. The business has a deposit account at the bank, perhaps for many years. The chances that your bank will approve you will depend on certain factors about your business, BUT the main underlying factor is your bank's approval ratio.

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Line of Credit Depot Eases Credit Requirements Amid Tightening Lending Landscape

Line of Credit Depot (LOCD) has revealed intentions to relax their credit requirements, for business loan products.

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The Power of Marketing for Small Businesses

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Securing Financing before Standards Tighten

An article released by ZeroHedge highlights the concerning rise, in credit card delinquency rates, which have reached their levels in over a decade surpassing 3%. As consumers face challenges with increasing costs and debt burdens banks are becoming more cautious and getting approved for a new line of credit is getting harder.

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Why Manufacturers Should Consider Unsecured Lines of Credit

As a manufacturer, quick access to capital is crucial for smooth operations. You need to cover variable expenses like payroll, inventory, and equipment repairs when the need arises. An unsecured line of credit can provide that flexible working capital without the need for collateral.

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Lines of Credit vs Loans: Which is Best for Manufacturers?

As a manufacturer, you need access to capital to keep your business running smoothly. But should you get a term loan or line of credit? Understanding the key differences will help you determine the best financing option.

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Loans vs. Credit Lines: Financing Options for Dental Practices

Loans vs. Credit Lines: Financing Options for Dental Practices

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Unsecured vs Secured Lines of Credit for Dentists

When dentists need access to financing, a line of credit can be an excellent solution. But should you opt for an unsecured or secured line? Here’s an overview of the key differences dentists should understand when weighing these options:

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Lines of Credit for the Dental Industry

For dental practices, having access to financing is crucial for managing cash flow and seizing opportunities when they arise. One of the most useful financing tools for dentists is a business line of credit. Here's an overview of how lines of credit work and why they can be so valuable for dental practices.

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Small Business Spotlight: Craft Breweries Driving Colorado’s Economy

Colorado is famously home to a thriving craft beer scene, with breweries popping up in all corners of the state. As these small businesses continue growing and innovating, they’ve become a major economic driver that supports local communities.

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Small Retail Businesses and the Changing Face of Colorado Main Streets

Main streets across Colorado are looking a bit different lately as small retail businesses face new challenges in a shifting economic landscape. While mom-and-pop shops were once the heartbeat of local downtowns, recent years have brought new hurdles that make it harder for these small businesses to survive. However, many are finding creative ways to adapt and continue serving their community.

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Tips for thriving as a small business in Texas' competitive landscape:

Thriving as a Small Business in Texas’ Fiercely Competitive Market

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How Small Businesses Are Driving Job Growth in Texas

While corporations often dominate the headlines, it is actually small businesses that drive job creation in the Lone Star State. Recent data highlights the significant contribution of Texas' thriving small business community to the state's economy and employment growth.

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Expanding Your NYC Small Business Without Excessive Debt Using Line of Credit Depot

As a small business owner in New York City looking to grow, you likely need funding. However, taking on too much debt or the wrong kind of financing can hinder rather than help expansion. This is where leveraging a flexible line of credit from alternative lenders like Line of Credit Depot can assist NYC small businesses in scaling intelligently.

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Cash Crunch: Slowing New York Economy on Small Business Financing

The New York economy has been a major engine of growth and opportunity for small businesses for decades. However, recent data shows slowing statewide GDP and employment growth along with rising costs.

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Financing a Service Business in Florida

Service-based businesses in Florida's thriving economy face financing challenges, but opportunities abound.

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Florida Small Business Environment is Red Hot

The small business landscape in Florida is currently thriving, fueled by low interest rates, government incentives, and a strong tourism economy. Florida has become one of the best states in the U.S. to start and grow a small business.

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Why Business Owners Don’t Know that they would Qualify for Better Business Credit

What happens when a business owner applies for business credit? Answer: An approval, decline or offer is dependent on the type of funder, lender or brokerage the business owner applied with.

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The Benefits of Avoiding Credit Card Processing Fees for Merchants

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Unsecured vs Secured Lines of Credit for Construction Companies

In the world of business financing, lines of credit are a popular tool in the construction industry for accessing funds to support growth, cover expenses, and seize opportunities. When it comes to lines of credit, two main options stand out: secured and unsecured.

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Loans vs Credit Lines For Construction Businesses

When it comes to working capital for the construction businesses, loans usually don't cut it because of the way the debt product is structured. With a Term Loan, the money only gets used once and once funds are depleted, there is no more availability to access funds. Whereas with a line of credit, money can be constantly drawn and repaid as receivables come in and expenses are paid out.

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Lines of Credit for the Construction Industry

From my experience over the years providing millions of dollars in credit facilities to construction companies across the United States, I know that there are few industries that can benefit more from affordable access to capital than construction.

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What are SBA Express Loans and how to qualify?

SBA Express Loans are the quickest type of funding offered by the Small Business Administration (SBA). They offer small businesses with the chance to access capital quickly and easily, allowing them to make necessary investments, expand operations, and more.

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Why Borrowing Money Can Be a Smart Move for Small Business Owners

As a small business owner, you may be hesitant to take on debt. After all, you've worked hard to build your business, and the thought of owing money to someone else can be daunting. However, borrowing money can actually be a smart move for small business owners, and here's why:

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Did you see it? Powell says rates ‘Higher and Longer’

Powell just said that interest rates are ‘likely to be higher’ than previously expected. To combat runaway inflation the Fed continues to raise interest rates. Restoring price stability means that monetary policy will be tightening for the foreseeable future.

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Across America, Small Businesses Are Scrambling to Access Working Capital

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6 Questions to Answer Before Apply for a Small Business Loan

Have you thought about applying for a small business line of credit? Maybe you’re in the process of sending in applications right now. Before you do anything else, read this blog post! We’ll discuss the six questions you need to answer for yourself before applying.

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Why Work with Line of Credit Depot and Not Your Banker

Most businesses, when looking for capital, head on over to their local bank. It’s a logical move. The business has a deposit account at the bank, perhaps for many years. The chances that your bank will approve you will depend on certain factors about your business, BUT the main underlying factor is your bank's approval ratio.

Read More
I Hate Merchant Cash Advances (MCA)…And Why You Should Too

A staggering 9 out of 10 Line of Credit Depot applicants have never applied for a line of credit, but they have had or currently have a merchant cash advance (MCA). For those of you who are unfamiliar with Cash Advances, these are short term funding programs that range from 20% to 50% in cost of capital, with payback terms anywhere from 3 to 12 months. Although these products aren’t inherently bad, the cost of them is quite dangerous if there is not a real noticeable ROI (return on investment). Lines of credit are cheaper and most times unknowingly available to MCA borrowers.

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What are the best rates for Business Financing?

‘Best’ is a relative term. The act of a financial institution lending money means that they must take into account ‘risk’. The cost of the financing is actually an interpretation of the risk that the lender is gauging, based on the credit worthiness of the borrower/applicant.

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The Right Access to Capital Can Make or Break a Business

Whether you run a sole proprietorship or a large business with over 200 employees…the wrong financing can destroy your business. If the business is too overleveraged, it will most likely fail to meet creditor obligations and afford operational expenses

Read More
A Guide to Line of Credit

A business line of credit is a facility that gives a business the ability to draw from and payback to an available amount of pre-approved credit limit. Money drawn from the credit line is deposited as cash to your operational account and then the available credit left in the line is adjusted. As the credit line is paid back through monthly payments, the available amount of credit is increased.

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Featured news

Small Business News

Home for all things business financing.

New Study by Line of Credit Depot Reveals the Number 1 Reason Small Businesses are Applying for Debt Financing

May 26, 2022

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Most Small Business Owners Don’t Know of the Additional CARES Act COVID-19 Grant Money, Last of the US Government Relief Package for Main St.

June 8, 2022

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New Fintech Platform Increases Approvals for Business Lines of Credit

May 26, 2022

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As SBA Deadline Looms, Many Businesses Are Still Waiting for COVID Funds

May 26, 2022

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As Inflation Hits Main Street, Fintech Group Sees Surge in Loan Requests

May 26, 2022

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Most Small Business Owners Don’t Know of the Additional CARES Act COVID-19 Grant Money, Last of the US Government Relief Package for Main St.

June 8, 2022

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New Study by Line of Credit Depot Reveals the Number 1 Reason Small Businesses are Applying for Debt Financing

May 26, 2022

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