Kristine Engracia, Author at Wise Business Plans®

how to apply for different types of sba loans

Business Plan Writing

The different types of loans offered by the Small Business Administration

The Small Business Administration (SBA) offers different types of SBA loans that are tailored to very specific purposes. While the SBA doesn’t make loans directly to small businesses, it sets the guidelines for loans, which are then made by its partners (banks, community development organizations, and micro-lending institutions). 4 types of SBA loans 7(a) Loan

Kristine Engracia August 5, 2021

Business Management

How To Track Business Expenses

Carrying too much debt is dangerous to the health of your small business. The best business owners will have problems if they let their debt-to-equity ratio get out of hand. This simply means that you are moving toward owing more to creditors than you can cover through the profits and holdings in your business. If

Kristine Engracia August 5, 2021

Startups

15 Tips to Manage a Business Finances for Startups

Everyone wants to start a company in this age of globalization and commerce, but they are unsure how to get started, what factors to consider and How to manage business finance. They do not think to fix priorities according to their requirements. Start your business with the belief to have success only. Believe that it

Kristine Engracia May 7, 2021

Startups

What are the Primary Sources of Funding For Startups

A great startup idea needs money to succeed. Even when you have got everything in order, a lack of financial resources can kill your startup dreams. The first thing you need to worry about is securing funding for your startup. We have discussed 14 funding sources available for startup businesses. You’ll surely find a funding

Kristine Engracia January 4, 2021

Business Growth

Different Types of Credit Checks

What Is Soft Credit Check? Yes! And they can stay on your credit report for up to two years. There are two types of credit checks or pulls as they are sometimes called. A soft credit check gives creditors a summary of your credit report. Creditors do a soft pull to send you pre-approval offers.

Kristine Engracia March 10, 2017

Business Growth

Some Simple Guidelines for Deciphering Your Business Credit Report

How To Read A Business Credit Report? Having strong business credit can be the key that can help you qualify for business financing and get better repayment terms from suppliers. In this guide, we will try to explain how credit reporting companies use different factors to come to the same conclusion about the creditworthiness of

Kristine Engracia March 7, 2017

Business Plans

Pros and Cons of SBA Loans

Small businesses are the backbone of the US economy, and funding is crucial for their success. The Small Business Administration (SBA) provides a variety of loan programs to help entrepreneurs start and grow their businesses. SBA loans offer several advantages over traditional bank loans, including longer repayment terms, lower down payments, and no early balloon

Kristine Engracia July 30, 2014