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Know Your Debt Service Coverage Ratio

Are you a small business owner ready to seek outside funding? You might think that finding a lender is the initial step. However, there’s an important financial ratio you should understand first. The debt-service coverage ratio (DSCR)helps determine whether or not your business can take on a loan and the size of small business loan you can handle. Additionally, lenders frequently use DSCR as a way to evaluate whether they should lend money to a business. Having a good debt service coverage ratio can be critical to getting low-cost funds for your business.

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Does Your Small Business Need a Loan?

There are certain elements that you need to run a successful small business. A solid business plan and determination can take you far, but if you really want to grow, you'll need capital to fund your expansion plans.

If you don't want to drain your cash reserves, a loan may be just what you need to pursue your next phase of growth. Before you can advance your business using a loan, however, you have to be sure that it's the right move.

What can a small business use a loan for?

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Exploring alternative funding options: What is a CDFI?

Are you a small business owner looking for alternative funding options beyond a traditional bank loan? A CDFI loan might be the answer you’ve been looking for.

While traditional bank lending is down, organizations called community development financial institutions, or CDFIs, are stepping up to fill the void by focusing on supporting small businesses and local economies in a holistic way. So what is a CDFI?

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What small business owners need to know about SBA’s loan guarantee program

Are you a small business owner interested in taking out a loan? The U.S. Small Business Administration’s loan guarantee program can help small business owners who are unable to get loans from traditional banks.

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Boost Your Loan Application by Learning the 5C’s of Credit

If you’ve been looking for financing for your small business, you’ve most likely considered taking out a loan. Unfortunately, most banks view small businesses as a risky investment, but one way to boost your chances to secure a loan is to understand what lenders will analyze when considering your application. Lenders use the 5 C’s of credit to measure your “creditworthiness” and your ability to repay a loan.

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