Funding Wonder to Launch FINRA Regulated Crowd Funding Platform

First Financial Crowd Financing, Crowd Funding, Franchise Purchase, Starting a Business, Working Capital 0 Comments

The Online Lender will be Among the First to Offer Investments in Business Loans to Non-Accredited Investors. Funding Wonder Crowd, LLC, the operator of an online lending platform focused on small business loans, has been approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Funding Portal. This means that anyone aged 18 or older will now be able to …

considerations when financing your business with a 401K rollover

Considerations when rolling over your 401K into a business

First Financial 401K Financing, Franchise Purchase, SBA Loan, Starting a Business, Working Capital

Risks Involved Employing your 401(k) to finance your start-up venture comes with some pretty high risks. We’ve outlined some of the most obvious risks below to help you make a well-informed decision.  Before we know continue, know this… Many business and franchises have been started using 401K rollover financing.  Despite the commonness and acceptance of this financing options, their are …

The SBA Loan can feel like a puzzle without a lending advisor like First Financial

Getting an SBA Loan – Who, What, Where and Why

First Financial Acquisitions, SBA Loan, Starting a Business, Working Capital 0 Comments

Getting SBA Loans There can be a lot of uncertainty when it comes to securing a dependable financial flow to your business. So much so that a commercial loan from a bank that’s also federally insured seems too good to believe. But backing these loans is exactly what the U.S. Small Business Administration’s Guaranteed Loans Program was built for. So …

SBA 7A Loan approval process

What is the SBA 7A Loan Program?

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 0 Comments

The SBA 7a is a popular loan program that was suspended after reaching the $18.7 billion limit for the year, has finally been renewed. The House of Representatives has approved the bill which will lift the SBA’s lending cap for the largest loan guarantee program to reach $23.5 billion. What is better is that the Senate has also passed the …

Advantages and Disadvantages of Working Capital Loans

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 0 Comments

Securing a loan for working capital is an excellent way to begin generating both capital and growth from your business. To get your business off the ground, capital is essential for covering the financial needs of your daily operations such as payroll or marketing costs. Funds that are available to cover your business’s short term and immediate needs are known …

Women-Led Businesses Benefitting From Loans

First Financial SBA Loan, Starting a Business, Working Capital 0 Comments

In figures released by the National Women’s Business Council (NWBC) in 2007, around 8 million business were owned by women in the US. With around 12% of these employing full-time workers, the average annual revenue was just over $1 million. However, times are dramatically changing and it is thought that total revenue for women-led business has now reached $1.2 trillion. …

SBA startup funding

Getting an SBA Loan for your Start Up

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 0 Comments

SBA Loans for Startup Businesses It is possible to find money for your new business with this review of the top three SBA loan programs. It doesn’t matter what you see on websites or infomercials, there aren’t any SBA loans that will involve free money, no-interest loans, or government grants. The truth is that the SBA won’t lend funds directly …

types of SBA Loans

What types of SBA Loans are available & what’s the difference

First Financial SBA Loan, Working Capital 0 Comments

SBA is an acronym for Small Business Administration. It is a federal agency that deals in offering financial help to small businesses. SBA works through the banks and financial institutions across the country. The primary difference between a normal business loan and an SBA loan is that the latter is backed by the government. The former is entirely subjected to …

How to get a Small Business Loan without Collateral

How to get a Small Business Loan without Collateral

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 4 Comments

Broadly, there are two types of loans: secured and unsecured. There are dozens of types of loans depending on their nature, purpose, applicability, loan amount, interest and terms but they can all be classified as either secured or unsecured. Secured loans require collateral. It is a tangible asset that acts as the security. Unsecured loans don’t need such collateral or …

how to finance a business purchase

How to Finance a Franchise Purchase

First Financial Franchise Purchase, SBA Loan, Working Capital 0 Comments

Franchise financing doesn’t really call for unconventional methods. You don’t need to opt for crowd financing or peer to peer lending networks for franchise financing. Banks and traditional financial institutions have been financing franchises for decades. They consider it to be safer to fund a franchise business than an absolutely new business. Hence, it is wise to take advantage of …

Crowd Financing VS Small Business Loan

First Financial Crowd Financing, Crowd Funding, Franchise Purchase, SBA Loan, Working Capital 0 Comments

Crowd Financing or Small Business Loan? When it comes to your small business, do you want to go with the traditional small business loan, such as an SBA Loan or Bank Loan, or do you want to consider the increasingly popular option known as crowd financing? Crowd Financing vs Small Business Loans It certainly isn’t news that small businesses need money …