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 […]
Working with Lenders
Avoid These 5 Common Mistakes on Your Loan Application
Lack of preparation and poor planning can sink your chances of getting approved for a small business loan. Your loan application is an opportunity to present your business in the best light. In other words, it’s your chance to minimize the risk you represent and maximize a lender’s confidence in your ability to repay the […]
7 Tips for Managing Payroll When Cash Flow is a Problem
Money management is a core part of running a business of any size, but it can fall by the wayside when other tasks become distracting. If you stop ensuring that all your sums add up, you might not notice a difference immediately, but soon enough your operation will hit a wall. Worse still, that trouble […]
Key Online Lending Platforms to Capitalize Your Small Business
Kicking off a small business idea and sustaining the same is not an easy task. From drafting a blueprint to getting things off the ground, meticulous planning is required. Apart from a solid business plan, having deep pockets becomes a catalyst for unperturbed business operations. However, maintaining adequate cash flow becomes a challenge and financial […]
How to Find the Right Commercial Financing for Your Business
Commercial finance is the term used to define a huge range of financial products available to businesses. It’s used for a variety of different reasons, with short-term and long-term deals available. Offered by an external lender, commercial finance can give businesses that extra bit of cash injection to help with growth, or if cash flow […]
Would You Sign a Personal Guarantee if You Have Investors?
It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. But what if you’ve diluted your interest from 100% to something less than 50%? Should your investors expect you to carry 100% of the risk? The short answer is “yes.” […]
Top 4 SBA Myths Dispelled
The Small Business Administration (SBA) loan program is amazing. It’s a big driver of the economy. Every year, the SBA, a government agency, guarantees thousands and thousands of loans to small business across the United States, totaling several billion dollars (not a typo, that’s billion with a “b”!). There are a bunch of unique features […]
3 Alternative Financing Solutions for Small Businesses
Financial management is key for all businesses, especially SMEs. With fewer employees than a large company, smaller business owners often feel more pressure to keep their staff happy. Unlike a big enterprise, there aren’t as many skilled workers to rely on. Should one leave, it could massively impact the running of the company. One way […]
7 Must-Have Requirements Before Applying for a Business Loan
You might have taken a personal loan in the past, and quite possible the experience was pleasant. However, business loan requirements are different. You need to understand that the risk for a lender is significantly higher in this case, because of the eligibility criteria. The process for applying to a business loan is strict, and […]
6 Hottest Alternative Lending Programs for Small Businesses
Small business has changed a lot in the past few decades, a lot of it good but some not. However, one of the most significant positive changes to the small business landscape over the past decade has been the explosion of alternative funding options available to new and seasoned business owners. What was once a […]
