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Understanding HOA Loans: When and How to Secure a Community Loan
Business Lending

Understanding HOA Loans: When and How to Secure a Community Loan

Homeowners associations (HOAs) exist to keep communities thriving. Sometimes the need for major repairs and improvements requires additional financial support. Here’s what Chicagoland HOAs should know about obtaining and repaying an HOA loan.

5 min read
A Business Owner’s Guide to Franchise Financing
Business LendingBusiness Planning

A Business Owner’s Guide to Franchise Financing

If you’re seeking funding for your franchise, look for a lender who won’t put you in a box and shares your commitment to growing your business.

3 minute read
How Data and Automation Can Help With Sustainability
Business LendingMarket Trends

How Data and Automation Can Help With Sustainability

Learn how leaders are using technological advancements like artificial intelligence and automation to make their businesses more efficient and sustainable.

5 minute read
Financing Your Small Business: Conventional Loans, SBA Loans and Business Lines of Credit
Business LendingBusiness PlanningSmall Business

Financing Your Small Business: Conventional Loans, SBA Loans and Business Lines of Credit

When it comes to financing your small business, understanding the differences between conventional loans and Small Business Administration (SBA) loans is crucial. Learn the pros and cons of each option to make an informed decision for your business growth.

5 minute read
Is Factoring Right for Your Business?
Business LendingBusiness PlanningSmall Business

Is Factoring Right for Your Business?

These loans are quick, but they could eat into your long-term profitability. Find out why it's a good idea to crunch the numbers first.

5 minute read
10 Common Pitfalls Entrepreneurs Should Watch Out For
Business LendingMarket TrendsSmall Business

10 Common Pitfalls Entrepreneurs Should Watch Out For

As you’re running your business, get to know the most common errors and misjudgments that other entrepreneurs have made so you can avoid them.

4 minute read
Is a Line of Credit Right for Your Business Recession Plan?
Business LendingBusiness PlanningSmall Business

Is a Line of Credit Right for Your Business Recession Plan?

If you anticipate fluctuating cash needs, a line of credit could be a good option to consider for your business.

5 minute read
Why 2023 Presents Opportunities for Service Business Sellers and Buyers
Business LendingMarket TrendsSmall Business

Why 2023 Presents Opportunities for Service Business Sellers and Buyers

Acquisitions of service businesses remain strong despite economic challenges of rate hikes and inflation.

5 minute read
Access to Capital Is Essential to the Resilience of Small Business Owners
Business LendingMarket TrendsSmall Business

Access to Capital Is Essential to the Resilience of Small Business Owners

Despite inflation, rising interest rates and other headwinds, small businesses can weather the current business environment if they have the necessary working capital and support from public and private institutions.

2 minute read
How can I raise capital for my business?
Business LendingSmall Business

How can I raise capital for my business?

Whether your company is up and coming or you’ve been in business for a while, here’s how you can access financing.

2 minute read
Factoring Accounts Receivable
Business LendingSmall Business

Factoring Accounts Receivable

Selling invoices to a factoring company can temporarily increase business cash flow—but there are risks too. Here’s what you should know.

5 minute read
Borrowing Options: Secured vs. Unsecured Loans
Business LendingPersonal Lending

Borrowing Options: Secured vs. Unsecured Loans

Get smart about borrowing. Learn the pros and cons of each loan type and how to find the right financing for you.

5 minute read

Please note that any opinions or posts expressed in these articles do not necessarily reflect the opinions of Byline Bank.