As the end of the year approaches, now is an ideal time to reflect, plan, and position your business for a strong start to the upcoming year. Whether your business is in construction, HVAC, agriculture, manufacturing, or any other trade, taking stock of accomplishments, setting growth-oriented goals, and preparing financially can lay the foundation for […]
As a business owner, you’re no stranger to the idea of risk. It’s a natural part of running any business. However, sometimes opportunities are passed over because they’re seen as too risky when, in reality, there’s something else at play—hesitation or concern about the unknown. It’s important to recognize when external factors like the economy […]
In today’s business environment, access to working capital is vital for growth and sustainability. While cash flow management and strategic investments are key, one often overlooked but highly valuable strategy is cultivating long-term relationships with sources in the lending world. Building a solid rapport with financial institutions, or alternative lenders can provide businesses with numerous […]
Running a business is fraught with uncertainties. Whether it’s a sudden economic downturn, unexpected expenses, or unforeseen disruptions like a pandemic, these challenges can threaten the survival of even the most well-established companies. This is where a financial safety net, commonly known as an emergency fund, becomes crucial. An emergency fund is not just a […]
Obtaining a small business loan can be an important moment in the growth and success of any business. But the process is often misguided by myths that can prevent business owners from gaining the financial support they need. Let’s debunk some common myths and misconceptions about small business loans and look at the realities of […]
Unlock Summer Success: Tips for Thriving in the Summer Season As summer approaches, businesses have a unique opportunity to engage with customers and increase revenue. Whether your business thrives during the summer or typically experiences a slowdown, there are strategies you can implement to make the most of the season. Here are some comprehensive suggestions […]
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 […]