The ongoing saga of the US economy has been a rollercoaster ride, to say the least. We have all felt the higher prices due to inflation in our daily cost of living, especially for essentials like groceries and gas. Small to medium-sized businesses are likely feeling the brunt of that economic turbulence firsthand. And unfortunately, recent developments in the financial […]
If your small business is in need of additional capital, deciding what type of loan best fits your company’s needs can be an overwhelming process as there are several options to choose from, each of which having their own advantages. Some financing options that are commonly utilized by small businesses are detailed below. Term Loans […]
If your application for a small business loan was denied, do not despair, as it is more common than you think. According to the Private Capital Access Index (PCA Index) by Dun & Bradstreet and Pepperdine University, 47 percent of small businesses found it difficult to acquire debt financing. So receiving a denial may just […]
Small business owners with less than perfect credit might think that there is no way they can qualify for a loan to help their company. But that is certainly not the case, as there are various sources out there that are willing to provide financing options to small business owners with poor credit, as detailed […]
All small and medium businesses require the utilization of some form of equipment to operate their company. However, many businesses struggle with paying the cost of new or updated equipment when the time comes.A common solution to covering these costs amongst business owners is the utilization of equipment financing. According to the Equipment Leasing and […]
The winter coats are being stored away, spring showers have been bringing the flowers out to bloom, and kids are starting to count down the days before summer vacation begins. Have you started to think about how your business can best utilize the upcoming warmer months? Summer isn’t just for seasonal businesses to thrive, there […]
One of the best ways to protect your business against a recession, or any other unforeseen circumstances (such as a drop in revenue or sudden cash flow shortage), would be to secure additional working capital. A common financial option that small business owners often utilize is a line of credit. Below are some of the […]
Many small business owners know the stress that can be endured when it comes to managing their company’s finances, as there are endless things to keep track of. Unfortunately, there is no one universal way to managing financial stress as a business owner, but below are some helpful tips that can help alleviate some of […]
Since we are now well past the halfway point of the year, it is time to start thinking about how you as a small business owner are going to finish the year strong. If your numbers are currently down or even if you are way ahead of last year, below are some simple tips that […]