As the economic effects of social distancing and shelter-in-place are felt across the country, many are left unemployed and struggling to find supplemental income. While this is a tough time for many Americans, this is also a much needed pause in time that aspiring veteran entrepreneurs can take advantage of. While it may be difficult […]
Business Loans
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 […]
4 Innovative Ways to Expand Your Small Business
If you are considering expanding your small business, you might be a bit unsure as to how to go about it. There are many things you can do to ramp up sales, venture into new territory, and increase your customer base. Here are 4 ways to expand your small business. Financing your expansion Perhaps you […]
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 […]
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 […]
Don’t Dismiss These Basic Ways to Raise Funding for Your Business
A new business needs all sorts of things to survive, but above all else it needs money. Without money, you cannot hire additional workers, maintain a website, own office space, and so many other things. And so many potential entrepreneurs want to know where they can obtain funds to turn their great ideas into reality. […]
Prepayment Penalties: When the Early Bird Doesn’t Get the Worm
It’s every small business owner’s dream: you took out a business loan to start or expand your small business, and it really paid off. Business is booming, cash is flowing, and you suddenly find yourself in the coveted position of being able to pay off your loan far before you anticipated. While you’ve always wanted […]
Here’s a Rule for Companies with Outstanding Loans
Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities First, let’s be sure we know […]
Take These 4 Steps to Secure Your Small Business Loan the Right Way
Everyone needs capital to turn a great business idea into reality, and most startups secure their first outside financing by talking to friends or family. But at a certain level, your small, growing business needs to secure loans to expand operations and finance expenses. Despite the recent good economic growth in the United States, banks […]
How and When to Use Short-Term Business Loans
Almost every small business needs to borrow at one time or another. However, not all loans are created equal—and some types of finance are more appropriate in particular circumstances. So, what is the best guidance on a short-term loan? All about short-term loans As its name suggests, a short-term loan involves borrowing a fixed amount, […]
