Posts Tagged ‘Business Credit’
Setting Up a Company Card for Your Business
PexCard is a company that offers a solution to small businesses who want to offer their employees company cards but don’t want to run the risk of being issued expensive credit. Here are a few reasons why you might consider giving your employees a PexCard to pay for company expenses.
Read More 6 Ways to Influence Purchasing Decisions through Social Media
Most businesses have at least a Facebook and Twitter page to make sure potential customers can find them online. But many of them don’t bother to do enough with their social media presence to influence their customers—or potential customers—to buy their products or services. Here’s how to do a better job with managing these critical marketing tools.
Read More Avoiding Franchise Funding Mistakes
A potential franchisee seriously interested in becoming an entrepreneur will take several demonstrative steps throughout the ownership process. Allow us to introduce to you the Top 5 Pitfalls of franchise funding.
Read MoreWhat to Do If You Default on a Business Loan
Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. When it comes to a business loan, defaulting doesn’t always mean the end of the business.
Read More An Overview of Alternative Financing
With credit tight and traditional bank loans difficult to obtain, many small business owners are turning to the alternative financing industry to get the funding their business needs. “Alternative” financing can include a wide variety of options, some better suited to certain businesses than others. You should investigate each option to determine which is best for your business.
Read More How Entrepreneurs Qualify for Funding from Banks
A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. That’s why Angel investors are so sought after by entrepreneurs.
Read More The Danger of Being Undercapitalized
It’s always exciting to think about the idea of having your own new start up. You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their business into millions. In reality, having worked with many types of business owners, the first mistake made by most is simply not having enough capital or access to capital while growing your business.
Read More Building a Strong Banking Relationship
Deciding where to do your business’s banking business is an important question, affecting many aspects of your daily operations, such as business loans, deposits, and cash management. What are the steps you need to take to find the right bank and build a strong banking relationship for your business? Here are a few tips you can follow to develop that banking relationship.
Read More The “Forbidden Industries”
There are certain businesses mainstream lenders do not want to be associated with—and some of those industries would surprise you. Being in one of these “forbidden industries” can add another challenge to finding funding, and make some forms of funding impossible.
Read More Red Flags to Avoid When Searching for Funding
Finding funding for your business is a long, involved process, but there are common “red flags” that underwriters monitor that impact your search. Here are some of the most common red flags underwriters will be looking for.
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