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10 Things Business Loans Can Be Used For

10 Things Business Loans Can Be Used For

https://www.sofi.com/learn/content/what-can-a-business-loan-be-used-for/

Small business loans can be used for a variety of business expenses. But it’s not just up to the business owner. Depending on the lender and type of loan, some…


Commercial Bridge Loans, Explained

Commercial Bridge Loans, Explained

https://www.sofi.com/learn/content/bridge-loan/

…loan is not right for you, there are other options to secure small business financing, including: •   Small business grants: Small business grants are lump sums awarded by federal, state,…


How to Refinance a Business Loan

How to Refinance a Business Loan

https://www.sofi.com/learn/content/refinance-business-loan/

…on your first loan. Pros and Cons of Refinancing a Business Loan As with any type of small business financing, there are benefits and drawbacks to refinancing a small business…


What Is the Minimum Credit Score for a Business Loan?

What Is the Minimum Credit Score for a Business Loan?

https://www.sofi.com/learn/content/credit-score-for-business-loan/

…Payment Index, Business Credit Risk Score, and Business Failure Score. As a small business, you also might encounter something called a FICO® SBSS (Small Business Scoring Service) score, which uses…


SBA 504 Loans: Who Qualifies & How to Apply

SBA 504 Loans: Who Qualifies & How to Apply

https://www.sofi.com/learn/content/sba-504-loans/

SBA 504 loans are a popular financing option for small businesses looking to purchase real estate, acquire major equipment, or invest in long-term growth. These loans, backed by the Small


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