1West blog

The beliefs behind the money.

We believe in small business. So we’re inspired by the stories behind them. Read how businesses of all shapes and sizes turned the right loans into their own versions of success.

how to get a loan for your restaurant business

How to Get a Loan for Your Restaurant Business

Starting or expanding a restaurant business can be a thrilling venture, but it often requires significant capital investment. When personal savings and investments fall short, knowing how to get a loan for your venture is your best bet. In this article, we’ll outline the essential steps to properly apply for

  • by Nathan Armstrong
  • July 31, 2023
small business loans quick

How Credit Scores Affect Fast Small Business Loan Approvals

Credit scores wield a profound influence in the world of fast small business loan approvals. As a crucial financial metric, lenders use it when assessing a business’s creditworthiness. So if you want to get small business loans quick, best make sure your score is high enough. In this article, we’ll

  • by Nathan Armstrong
  • July 24, 2023
Tips to Create a Solid Business Plan for SBA Loan Applications

Tips to Create a Solid Business Plan for SBA Loan Applications

Crafting a robust business plan is crucial when seeking financial assistance from the Small Business Administration (SBA). So to help you out, this article will offer you essential tips so you can create a rock-solid business plan for SBA loan applications. From outlining your company’s vision and market analysis to

  • by Nathan Armstrong
  • June 19, 2023
Can You Apply for SBA Loan Twice?

Can You Apply for SBA Loan Twice?

Endorsed by the Small Business Administration, SBA loan programs are invaluable resources for entrepreneurs seeking funding for their ventures. However, a common question arises: Can you apply for an SBA loan twice? In this article, we’ll answer that question. For good measure, we’ll also list some of the factors to

  • by Nathan Armstrong
  • June 5, 2023
business acquisition financing

Everything You Need to Know About Business Acquisition Financing

Previously, we talked about the advantages and disadvantages of business acquisition financing. In this guide, we’ll explore all the other important aspects about it. From the loan options available to tips that will help you successfully take out one, everything you need to know is down below. Let’s dive in!

  • by Nathan Armstrong
  • May 22, 2023
Business Loan or Credit Card

Business Loan or Credit Card: Which is Better for You?

When it comes to financing options for businesses, the decision between business loan or credit card can have significant implications. This article aims to shed light on the question of which option is better for you by examining the characteristics, advantages, and disadvantages of both business loans and credit cards.

  • by Nathan Armstrong
  • May 8, 2023

Employee Retention Credit: What it is and How it Works

When the pandemic hit in 2020, the Employee Retention Credit (ERC) was put in place to temporarily provide coronavirus relief, helping small companies keep their employees on payroll. Since many affected businesses were still unable to recoup their losses, the ERC has been extended with the turn of the new

  • by Nathan Armstrong
  • April 26, 2023
SBA Community Advantage Loan

Everything You Need to Know About SBA Community Advantage Loans

A lot of small businesses struggle to obtain loans due to their limited financial resources and high-risk nature. Luckily, the Small Business Administration (SBA) offers various loan programs to support these businesses, one of which is the SBA Community Advantage Loan. This article will provide a comprehensive guide on everything

  • by Nathan Armstrong
  • April 24, 2023
down payment for business loan

Mistakes to Avoid When Making Down Payments for Business Loans

Making a down payment for business loan can be a significant financial commitment for many entrepreneurs. However, keep in mind that there are several mistakes you need to avoid during the process. So to help you out, we listed 10 of these missteps below: Not Understanding the Lender’s Down Payment

  • by Nathan Armstrong
  • April 10, 2023
how can you reduce your total loan cost

15 Tips to Reduce Your Total Loan Cost

How can you reduce your total loan cost? This is a quastion a lot of borrowers ask. Minimizing your total loan cost is important because it can save you a significant amount of money over time. By lowering interest, fees, and other charges associated with borrowing, you can pay off

  • by Nathan Armstrong
  • March 27, 2023