Category Archives: Earning and Saving

5 Tips To Getting A Loan To Open Your Own Restaurant

5 Tips To Getting A Loan To Open Your Own Restaurant

If you’ve always had a dream of owning a restaurant, it is about to become a reality. It is expensive to set up one and you may not have the initial startup capital needed, but you can always apply for a restaurant loan.

Here are 5 tips to getting a loan to open your own restaurant:

  1. Consider Applying For SBA Loans

The United States Small Business Association (SBA) gives loans to small new businesses, restaurants being among them. SBA can be an easy alternative to get a loan for your restaurant since they offer a small business loan against default guarantee.

As such, there is a high likelihood that your bank will take up your restaurant’s risk. There are a variety of competitive loan programs available through SBA. You will, however, be required to add some of your own money upfront in order to get the loan.

  1. Apply For Credit Union Loans

Credit unions are another source you can use to get a loan for your restaurant. What makes them unique is that they usually charge an interest on your loan’s balance. As such, if you pay off your loan early enough, you will not pay so much interest.
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Preventative Measures for Small Business Owners: What Does Beauty Insurance Protect Against?

Preventative Measures for Small Business Owners: What Does Beauty Insurance Protect Against?

You already know that working in beauty is miles different from practically any other industry. Those on the outside looking in might think your job is all creativity and glamour, but there’s so much happening beneath the surface. Aestheticians, makeup artists, salon professionals, and nail techs know that it takes skill, dedication, and good business… Continue Reading

Home Services That Can Actually Save You Money

Home Services That Can Actually Save You Money

Making a house your home takes work, and sometimes you need a little outside help to keep everything in order. Countless companies and professionals have built businesses providing home services that help you maintain your house and everyone inside it. Living frugally means being a do-it-yourself guru, but from time to time you’ve got to… Continue Reading