BreadLoan is the top small business financial solutions provider in the country, dedicated to helping small businesses succeed. Through its extensive network of lenders and funding partners, BreadLoan allows small business owners to access various financing options with just one application.

BreadLoan mission is to empower the aspirations of small business owners. The company has helped secure over $15 billion in loans for small businesses nationwide, including some of the smallest enterprises and those in underserved communities.

At BreadLoan, our goal is to create a world where small businesses not only survive but thrive. Our mission is driven by three core values:

Simplicity: We simplify the complex financial landscape by providing straightforward financial solutions tailored to small businesses, using tools that are accessible and easy to understand.

Trust: We offer transparent access to the information needed for informed decisions, connect you with experienced experts, and provide financing options and business solutions we personally endorse.

Dreams: We empower small business owners to achieve their goals. We are on your side, supporting your journey, and celebrating your successes.

Whether it’s covering payroll, managing short-term expenses, or investing in long-term growth, businesses need funding for various reasons. BreadLoan is dedicated to making the funding process as fast and simple as possible, providing clear guidance and support through every decision.

A business credit card can be used anytime and anywhere, as long as you plan to pay off the balance to avoid accumulating high-interest debt. Here are some situations where it might be useful:

• Covering Operating Costs: Pay for everyday expenses like supplies, utilities, and office equipment.
• Managing Cash Flow: Handle short-term cash flow gaps, especially during periods of uneven revenue.
• Building Business Credit: Improve your business credit score by making regular payments.
• Earning Rewards: Take advantage of cashback, travel points, or other rewards programs that benefit your business.
• Separating Personal and Business Expenses: Keep your finances organized by using the card solely for business-related costs.
• Handling Unexpected Expenses: Cover unforeseen costs like emergency repairs or urgent purchases.

A personal credit card and a business credit card differ primarily in their intended use, credit reporting, and benefits:

1. Intended Use:
   • Personal Credit Card: Meant for individual, non-business-related expenses like groceries, entertainment, and personal bills.
   • Business Credit Card: Designed for business expenses such as office supplies, travel, utilities, and employee purchases.
2. Credit Reporting:
   • Personal Credit Card: Activity is reported to consumer credit bureaus, impacting your personal credit score.
   • Business Credit Card: Activity is typically reported to commercial credit bureaus, helping build the business’s credit profile, although some issuers may also report to personal credit bureaus.
3. Credit Limit:
   • Personal Credit Card: Usually offers a lower credit limit based on an individual’s creditworthiness.
   • Business Credit Card: Often provides a higher credit limit to accommodate larger business expenses, depending on the business’s financial standing and credit history.
4. Rewards and Benefits:
   • Personal Credit Card: Offers rewards like cashback, travel points, or other incentives based on personal spending categories.
   • Business Credit Card: Provides rewards tailored to business spending, such as discounts on office supplies, travel rewards, or cashback on business-related purchases.
5. Liability and Protections:
   • Personal Credit Card: The individual cardholder is liable for all charges.
   • Business Credit Card: The business is typically liable, but the business owner may also be personally liable, especially for small businesses or startups.
6. Expense Management:
   • Personal Credit Card: Less emphasis on expense tracking or management tools.
   • Business Credit Card: Offers tools and features for tracking business expenses, managing employee spending, and simplifying accounting and tax preparation.

Overall, while personal credit cards focus on individual consumer needs, business credit cards cater to the financial and operational needs of businesses.

A business cash advance provides fast funding by borrowing against future revenue, which is repaid through a fixed daily percentage. This option can be more accessible for some new businesses compared to traditional small business loans.

A merchant cash advance (MCA) is a type of financing that provides businesses with fast access to funds based on their future credit card sales. It involves receiving a lump-sum payment in return for a portion of the business’s daily credit card transactions, along with a fee.

The repayment method for a cash advance is different from a typical loan or credit card. Instead of monthly fixed payments, the lender deducts a ‘fixed daily percentage’—a predetermined amount—from your account each day. These daily payments cover both the advance amount and the factor rate of the funding.

A business line of credit offers flexible financing by providing access to a set amount of funds that can be used as needed. It functions similarly to a credit card, allowing businesses to borrow and repay funds continuously within the approved limit. For businesses seeking adaptable and convenient financial support, it’s important to understand the key aspects of a line of credit.

If you believe you are a victim of identity theft, promptly email us, and we will forward your case to our Fraud team for investigation.

If you haven’t already, please file a police report and provide us with a copy, along with any relevant details and documentation. A police report will help us verify your claim. We also recommend notifying all three major credit bureaus of any suspected identity theft:

• Experian Fraud Division: 1-888-397-3742

• Equifax Fraud Division: 1-800-525-6285

• TransUnion Fraud Division: 1-800-680-7289

Reach out to the three major credit bureaus: Experian, TransUnion, and Equifax. You can unfreeze your report through their websites, by phone, or by mail.

You have two options for unfreezing your credit reports:

• You can unfreeze your credit temporarily (for a specific period),
• Permanent remove.

Specify your preference when making the request. Most credit bureaus can unfreeze your credit within a few minutes, but it may take up to an hour. You’ll receive a confirmation once the process is complete.

A fraud alert notifies creditors to take extra steps to verify your identity before opening any new accounts or making changes to existing ones in your name. It does not prevent creditors from accessing your credit report but adds a layer of protection.

A credit freeze, on the other hand, restricts access to your credit report entirely, making it more difficult for identity thieves to open new accounts in your name. This measure provides a higher level of security but requires you to temporarily lift the freeze if you want to apply for credit.

A credit freeze, also known as a security freeze, restricts access to your credit report, making it harder for identity thieves to open new accounts in your name. When your credit is frozen, potential creditors and lenders cannot access your credit file without your permission, which can help prevent fraudulent accounts from being opened.

A credit freeze does not affect your credit score and can be lifted temporarily or permanently if you need to apply for new credit, rent an apartment, or complete any activity requiring a credit check. You can initiate a credit freeze with each of the three major credit bureaus—Equifax, Experian, and TransUnion—free of charge.

An SBA loan is a government-backed financing option aimed at helping small businesses in the United States. Administered by the U.S. Small Business Administration, a federal agency dedicated to supporting small businesses, SBA loans are provided through a network of approved lenders and traditional banks. The SBA does not directly lend money; instead, it partially guarantees loans made by these institutions.

SBA loans can be an affordable and flexible solution for improving cash flow, expanding or purchasing a business, buying commercial property, or consolidating business debt.

Yes, it’s possible to have multiple SBA loans simultaneously. The SBA does not impose a limit on the number of loans you can have, but individual lenders might have their own restrictions. It’s essential to check with your lender to see if they permit multiple SBA loans.