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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.

How to access the financial documents you need for the funding you wantWhat to do after you get approved for business financing

1West helps you reach more lenders and browse better options from the comfort of your home—but you’ve got to submit your three most recent bank statements to be considered for funding. In this guide, we’ll show you how to effortlessly export your bank statements from several major banks right from

  • by Lindsay
  • October 21, 2024

What to do after you get approved for business financing

Not sure what’s next once your business financing offers are in? Here’s a go-to guide for how to compare your options.  Congratulations on securing business financing for the first time! This is a significant milestone, and it’s completely normal to feel a mix of excitement and nerves.  To help, we’ve

  • by Lindsay
  • June 27, 2024
SBA loan written in a notebook. Featured image for “Are SBA Loan Interests Tax Deductible?”

Are SBA Loan Interests Tax Deductible?

Starting or expanding a business often requires more funds than you have on hand. This is where SBA loans come into play. Backed by the Small Business Administration, they offer favorable terms, including lower down payments and flexible overhead requirements.Now as you navigate your business’ finances, you might be wondering:

  • by 1West SEO
  • April 15, 2024
What Are Construction Business Loans: How to Get a Loan to Start a Construction Company

What Are Construction Business Loans: How to Get a Loan to Start a Construction Company

Starting a construction firm is an exciting project. But like building a house, you need money to get everything you need. That’s where construction financing comes in. By financing your venture, it helps lay the foundation for its future and success. In this short guide, you’ll learn how it works,

  • by Nathan Armstrong
  • April 9, 2024

Small business loans for women

Everything female entrepreneurs need to know in 2024 This means female founders are incredible assets to economic development and prime candidates for business financing. Finding the best business loan for your female-led venture can be hard, but it’s worth the effort. Below is a breakdown of several small business loan

  • by Nathan Armstrong
  • March 26, 2024
. Featured image for “What Happens to Your SBA EIDL Loan if Your Business Closes?”.

What Happens to Your SBA EIDL Loan if Your Business Closes?

What happens to your SBA EIDL loan if your business closes down? While it is a common concern, you shouldn’t worry about it. In this guide, we’ll walk you through the steps to take and your options for handling the loan, ensuring you’re informed and prepared. Let’s dive in! What

  • by Nathan Armstrong
  • March 13, 2024
Guy happily working as an IT developer. Featured image for “Pros and Cons of Outsourcing for Small Businesses: When and How to Do It”.

Pros and Cons of Outsourcing for Small Businesses: When and How to Do It

Working with an outsourcing company is a great way to maximize efficiency in your business and focus on what truly matters. In this article, we’ll explore the pros and cons of outsourcing for small businesses. By weighing both risk and benefit, you’ll be able to determine when and how to

  • by Nathan Armstrong
  • March 13, 2024
Increasing Interest Rates

How Rising Interest Rates Affect Your Business and What You Can Do?

As an entrepreneur, you’ve probably heard the term “interest rates” thrown around in financial discussions. But what exactly are they, and how do interest rates affect businesses? In this article, we’ll take a look at 10 ways interest rates affect your business. For good measure, we’ll also throw in a

  • by Nathan Armstrong
  • January 29, 2024
Business Overhead Expenses

Understanding Business Overhead Expenses

When starting a business, it’s important to understand all the expenses you’ll potentially be making. One category of expenses is the business overhead expense, which covers the costs of doing business that doesn’t directly relate to producing your product or service.

  • by Nathan Armstrong
  • October 18, 2022