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13 Types of Business Loans and Alternative Loan Options
https://www.sofi.com/learn/content/types-of-business-loans/
Small business owners rely on various types of business loans to help them manage cash flow, cover daily expenses, expand, remodel, or invest in equipment or property. Many factors contribute to the type of small business loan you choose, including your industry, how much cash you need, your business’s financials, and what you need funding […]
Annual Revenue Meaning and Calculation
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 […]
No-Doc Business Loans Explained
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 […]
18 Business Loans and Grants for Hispanic-Owned Businesses
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 […]
The Reward-Based Crowdfunding Guide
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 […]