A lot of business owners and entrepreneurs are reluctant to create a business plan. It can be daunting to write a powerful business plan, especially when you’re first starting out. However, your plan can be a real asset to...
Startups and small businesses often find themselves seeking opportunities to increase cash flow. Maybe you don’t have large enough invoices to consider accounts receivable financing, but you’re getting orders and need to purchase supplies. Purchase order financing might be...
Every business will have a financing need at some point. It might be a seasonal decline in sales that puts your cash flow at risk. Maybe you’re going through growth and need additional funding. Looking at your financing options...
Hard money loans have many different names. Sometimes, they’re called bridge loans or private money loans. Whatever you call them, there are a lot of myths around this type of lending. Let’s talk about some of the misconceptions. First, understand...
Your business equipment is vital to providing services and goods to the community. Business equipment does not come cheap, so it’s important to understand the different ways to purchase it. What works for your business may be different than...
Your business has many opportunities to obtain financing. Here are the 10 most popular types of business financing that you might want to explore when you’re trying to grow. SBA Loans and Traditional Bank Loans Traditional bank loans are a good...
The Small Business Administration offers many resources to business owners. Small businesses are the backbone of many communities, which means its to the government’s advantage to encourage banks to loan money to small businesses. The SBA isn’t actually in...
Equipment can take a huge chunk of capital. It can be an asset to your business. Most people just think of heavy machinery as equipment, but any tool you use in your trade falls under the umbrella of equipment....
Getting a business loan today can be a lot more difficult than it was 10 years ago. In one 2015 survey from the Federal Reserve, about 50 percent of small business owners didn’t receive the funding they needed to...
Many small business owners dream of growing their business. Of having enough customers that you need more than one location. Whether you’re looking to grow within your home town or want to open another shop in a faraway city,...