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3 Key Business Systems You Should Improve or Add with a Business Loan Now, Not Later

Posted by Mulligan Funding Blog Team on September 7, 2017

It’s not uncommon for small and mid-sized businesses to rely on business systems that may have been suitable in the past, but are no longer up to the job.

Instead of supporting the business and helping it elevate to the next level, such antiquated systems actually serve as a barrier to growth, and can eventually even threaten the business’s very survival. 

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Topics: Business Loans

Demistyfiying Loans: Why Business Loans Create Wealth, Not Debt

Posted by Mulligan Funding Blog Team on August 25, 2017

The stigma that “debt is bad” prevents many business owners from taking steps that could substantially help them grow their business. Why take the risk of a loan that may just bury your business in more bills to pay later?

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Topics: Business Loans

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

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

Business Funding Advice from the Experts

Posted by Rick Nischalke on October 5, 2016

At some point in their business career, most business owners are forced to use their personal assets (credit cards, savings, investments, home equity loan, etc.) to provide working capital to fund their business. If you've been in business for any length of time, you can probably relate.

If you've ever found yourself needing access to additional capital quickly for your business, you probably know that there’s plenty of  business funding advice available on the web. However, there are times that it can be difficult to determine the difference between misleading information that can harm your business and insightful and accurate information that can help your business.

So whether you're in need of a quick infusion of capital now or just want to be prepared for a future need, here’s a rundown of the key factors we share with business owners that ask us for expert business funding advice:

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Topics: Working Capital, Business Loans, business funding, alternative business funding, working capital loans

4 Questions to Ask Before Applying for Loans for Working Capital

Posted by David Leibowitz on April 13, 2016

The lending marketplace is more diverse now today than ever before, and this is a very welcome change from a time when banks and credit unions ruled the industry. Clients have more choice, more leverage, and more freedom – and all of these are big steps in the right direction! 

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Topics: Working Capital, Business Loans

3 Options for Getting a Small Business Working Capital Loan

Posted by Rick Nischalke on March 31, 2016

As a small business owner, you know that “it takes money to make money” – and that means getting a working capital loan isn’t optional, but necessary for your continued success and growth and, frankly, your long-term survival as well.

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Topics: Small Business, Business Loans

How to Use and Get Alternative Business Funding for Seasonal Businesses

Posted by David Leibowitz on March 30, 2016

Seasonal businesses face unique working capital needs that require careful planning as well as rapid access to additional sources of cash flow -- because everything from weather issues, to seasonal worker recruitment/retention challenges can destabilize operations.

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Topics: Working Capital, Business Loans

How to Get Business Equipment Funding

Posted by Mulligan Funding Blog Team on March 28, 2016

One of the most profitable investments that a business can make is to purchase new or used business equipment. However, for many small and mid-sized business owners, it’s also one of the most difficult transactions to move ahead with.

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Topics: Working Capital, Business Loans

What You Need to Know About Unsecured Working Capital Loans

Posted by Rick Nischalke on March 24, 2016

The bankers who coined the term unsecured working capital did so with their self-interest in mind (yes, contain your amazement), because the “unsecured” part is, frankly speaking, a bogus distinction. 

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Topics: Business Loans