Amidst the pandemic, lenders are providing opportunities to help borrowers tackle their financial difficulties. Many lenders are offering loan extensions for a couple of months, reducing the interest rates and other flexibility options. Any future repayments that you encounter have to be made after taking precautions. Ensure that you obtain secure written documentation of the […]
Working with Lenders
Bad Credit? 5 Things to Do Before Applying for a Loan
Low credit score? The bad news is that your current credit score prohibits some lenders from doing business with you. Fortunately, there are lenders who are willing to extend financing to those with less than ideal credit. By finding the right lender and taking the time to follow the steps to qualify for a personal […]
Are Fast Business Loans Still Available During Covid-19?
The world of small business today in America is anything but certain, thanks entirely to the coronavirus and the devastating impact it’s had on our citizenry and our economy. As a smart and strategic small business owner, the odds are pretty good you’ve done everything you can to find a way to protect yourself, your […]
3 Crucial Best Practices for Small Businesses to Survive a Recession
Right now, small business owners all over the world are operating in one of the most difficult economic climates in a generation. The one-two punch of an already slowing global economy combined with the worldwide disruption wrought by the coronavirus (COVID-19) is leaving many of them in a precarious situation. Some won’t survive, and others […]
Just 5% of Small Business Owners Have Received PPP Money
Small business owners are anxiously waiting to see if Congress will inject more money into the Paycheck Protection Program (PPP), the federal rescue program that failed to reach the vast majority of small businesses it was intended to help the first time around. A new LendingTree survey found that just 5% of business owners have […]
How to Deal with a Sudden Cash Crunch
It’s unfortunate but true: unexpected financial emergencies happen all the time to small businesses. Another unfortunate truth: most small businesses are not prepared to weather a prolonged financial emergency. JP Morgan Chase estimates that the average small business has 27 days of cash in reserve, while many small brick-and-mortar stores may have less than 20 […]
This Is the No. 1 Reason 82% of Businesses Fail
Small business owners face a ton of obstacles while growing their business. Starter capital, business planning, marketing, and stress are just a handful of these problems for entrepreneurs. But probably the biggest hurdle in owning your own business is managing your cash flow. 82% of failed businesses cite cash flow as a reason, so it […]
6 Powerful Ways to Improve Your Business Credit Score
Your business credit score is crucial to the overall health and success of your business. If you own a company and have any kind of open credit, then you will have a credit score. If you are looking to get financing then you may want to explore different ways to improve yours, so that you […]
The Small Business Owner’s Guide to Restaurant Financing
Running a restaurant can be hectic—and when it comes to maintaining positive cash flow, you might be feeling the heat. Business funding may be the answer to keeping things running smoothly. In this guide, we’ll explain: How you can put financing to use for your restaurant. Factors to consider when weighing your restaurant loan choices. […]
Small Business Credit Options to Manage Cash Flow
Small business owners quickly learn the importance of monitoring their cash flow. The flow of money in and out of your business can impact everything from the stock you have to sell to keeping the lights on. In a perfect world, your cash flows would align. All of our customers would pay their bills before […]
