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Fast Business Loans: How to Find the Best Lender

Posted by Mulligan Funding Blog Team on May 23, 2017

Small business owners frequently have need of immediate cash to take advantage of an opportunity, expand, make repairs or to increase their cash flow. However, depending on the lender you work with, getting fast business loans isn’t always an option. Banks sometimes take weeks, or even months, to approve you for a business loan; especially if an SBA program is involved. Finding the best lender to meet your needs quickly can alleviate a lot of frustration, long delays and lost revenue. Fast business loans aren’t impossible to find, you just can’t find them at traditional banks.

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Topics: fast business loans, fast business funding, working capital loan

5 Things You Should Look for When Buying Used Air Compressors

Posted by Mulligan Funding Blog Team on May 18, 2017

An air compressor is an essential piece of equipment for auto shops. But like most garage equipment, quality compressors require a substantial investment. As an auto shop owner, you can find some great deals on used air compressors for sale, but you have to be careful when purchasing one. A used air compressor may not merit taking out a small business working capital loan, but every company’s situation is different. Here are five things you should consider when researching used air compressors.

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Topics: used air compressors for sale, used air compressors

Working Capital Loans vs Equity Financing

Posted by Mulligan Funding Blog Team on May 16, 2017

It's quite common for business owners to experience slow periods of cash flow in their business. Having the appropriate amount of business working capital is crucial. However in an attempt to solve this problem, many of them take drastic action and attempt to find an equity investor to raise the capital they need. This ends up being a decision which most owners end up regretting later. There are several ways to increase your cash flow without giving up equity in your business. For the long term health of your business, it's imperative to understand the difference between working capital loans and equity financing.

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Topics: working capital loans, business working capital, equity financing

Used Restaurant Equipment Can Save Your Business Money

Posted by Mulligan Funding Blog Team on May 11, 2017

One of the single biggest investments that running a successful restaurant requires is the purchase of the proper equipment. As a restaurant owner, finding and purchasing used restaurant equipment for sale, could end up saving you a significant amount of money. In fact, there are many potential benefits to purchasing used equipment.

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Topics: used restaurant equipment, Used restaurant equipment for sale, Restaurant equipment for sale

Working Capital Loans: The Most Common Reasons for Using Them

Posted by Mulligan Funding Blog Team on May 9, 2017

Having positive working capital at all times takes a lot of p
ressure off of small business owners and allows them to invest back into their business. In many situations, working capital can be obtained through business capital loans. Working capital loans can be a great option to meet your business financing needs!

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Topics: working capital loans, Small business working capital loans, Business capital loans

Alternative Business Funding Advantages

Posted by Rick Nischalke on March 17, 2017

At some point most business owners are forced to look for alternative business funding sources to fund their business. Many, end up using their personal assets (credit cards, savings, investments, home equity loans, etc.) to provide working capital for their business. If you've been in business for any length of time, you can probably relate!

Have you ever found yourself in a situation where having access to additional capital quickly for your business would be helpful, but your bank was unwilling to help you? Working capital loans don't have to be hard to get. 

Let’s examine the difference between traditional and alternative business funding options.

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Topics: alternative business funding, working capital loans

How to Build a Referral Based Business

Posted by Rick Nischalke on March 1, 2017

Most small business owners know that the best customers and clients come from referrals. These leads usually require the least amount of "selling", they convert better, and are usually less price conscious than cold leads or inquiries. Here are some no cost methods of developing a powerful business referral network.

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Topics: Small Business, How to Build a Referral Based Business

How To Use The New Year’s Fresh Start Effect To Make Your Business More Profitable

Posted by Rick Nischalke on December 29, 2016

Anyone who owns a business, whether it’s a small side business or a big and growing business, obviously wants it to be profitable.

Maybe you’ve been dragging your feet when it comes to implementing new models and strategies that could improve your business and make it more profitable.

Chances are, come the New Year, you’ll be changing all that. Here’s why:

The Fresh Start Effect

The “fresh start effect” was studied by Psychologists who found that turning points in life that mark a new beginning (such as a New Year) can empower business owners (and just people in general) to improve their habits and get their act together.

If you’re a business owner (whether you’re a blogger, a vlogger, a t-shirt designer or a jewelry-maker) you’ll notice a surge in your motivation to succeed when the New Year approaches, and that’s what the “fresh start effect” is all about.

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Topics: Small Business, Working Capital, Business Loans

How to Become a Successful Entrepreneur

Posted by Rick Nischalke on December 19, 2016

If you have a great idea for a new product or service, you’re probably dreaming about all the potential money you could earn as an entrepreneur. However, creating a new business or inventing a new product isn’t as easy as it might seem. That’s why we’ve compiled six top tips to put you on the right track to becoming a successful entrepreneur:

  1. Start With Baby Steps

Risk is an integral part of entrepreneurship, but the reward can be worth it. Instead of quitting a current position or investing all your money into a new business idea, take smaller risks by working in the evenings and making small worthwhile investments. By taking smaller risks in the beginning of this process, you’ll be making better judgments and investments early on which can save you time and money later.

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Topics: working capital loans, merchant cash advance

3 Tips for Building Strong Business Credit

Posted by Rick Nischalke on October 28, 2016

If you have a great business idea and you're thinking of applying for a small business loan from a bank, you might want to think again. As reported Bloomberg: “Getting a small business bank loan is never easy, and it’s been especially difficult since the financial crash of 2008 and the lingering credit crunch…it is still virtually impossible to get a loan to open a new business.”

Bloomberg is right! Without a long history of business and a great business credit score, bank loans are nearly impossible to get these days. So how can you get a small business loan when you need it most?

Starting out by building strong business credit will not only help you get a loan, but it will also help you get more favorable terms with vendors and suppliers, pay lower interest in business-issued credit cards, and may even lower your insurance rates and other costs of doing business. Here are 3 tips to help point your business in the right direction:

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Topics: Business Loans