93 Search Results
93 Search Results
https://www.sofi.com/learn/content/annual-business-revenue/
Annual business revenue refers to the income generated by a business over the course of one year before any expenses are deducted. This is a key number for business owners to know because it tells you how well your company is doing. Knowing your annual revenue also allows you to track your company’s performance against […]
https://www.sofi.com/learn/content/no-doc-business-loans/
A no-doc business loan is one that borrowers can access without substantial documentation. Rather than relying on income, lenders may approve borrowers based on credit history and collateral. No-doc small business loans may be ideal for business owners whose revenue is not yet established but who are interested in getting access to cash quickly. Learn […]
https://www.sofi.com/learn/content/hispanic-small-business-loans/
There are nearly 5 million Hispanic-owned businesses in the U.S., making this the fastest-growing segment of U.S. small businesses, according to the U.S. Small Business Administration (SBA). Yet, despite these big numbers, Hispanic and Latinx business owners frequently face challenges accessing capital and, as a result, often can’t successfully scale their businesses. Fortunately, a number […]
https://www.sofi.com/learn/content/reward-based-crowdfunding/
A rising force among today’s small business owners and entrepreneurs, crowdfunding can enable access to funds that may have been previously out of reach. Instead of relying on investors or financial institutions, it allows you to tap into a grassroots support system. With rewards-based crowdfunding (also known as seed-based crowdfunding), entrepreneurs solicit financial donations from […]
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 business-loan lenders may place restrictions on what you can and can’t use the loan proceeds for. Let’s look at both what a business loan can […]
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