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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.

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
Is the Small Business Loan Installment or Revolving?

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
business acquisition loan

Advantages and Disadvantages of Business Acquisition Loans

A business acquisition loan is a popular financing option for aspiring entrepreneurs looking to purchase an existing company. But while these loans provide quick access to capital and greater control over the acquired business, they also come with potential drawbacks. Therefore, weighing the advantages and disadvantages of business acquisition loans

  • by Nathan Armstrong
  • March 13, 2023
conventional loan

VA Loan Vs Conventional Loan: Everything You Need to Know

Are you a veteran or an active-duty member of the military who’s looking for home financing options? If so, you might want to consider a VA loan! These government-insured loans are designed specifically for veterans and other members of the US military, making them particularly great financing options if you

  • by Nathan Armstrong
  • February 27, 2023

Applying for a Loan Online Vs In Person: Which is Better?

Getting a loan can be an intimidating process, no matter what kind of products or services you’re looking for. Trying to decide between applying for a loan online vs in person can add even more stress. But regardless of whether you’re applying for a loan online vs in person, we

  • by Nathan Armstrong
  • February 23, 2023
sba loans

13 Tips When Dealing With SBA Loan Defaults

Managing an SBA loan can be difficult, and there may come a time when it’s no longer possible to make payments. When you find yourself in this situation, it’s crucial that you know how to manage the default of your loan properly. So in this blog post, we will provide

  • by Nathan Armstrong
  • February 23, 2023