Recent Blog Posts

We will help you grow your small business.

Learn More

What Is The Net Working Capital Formula For Small Businesses?

When it comes to the responsibilities of business owners, very few can match the importance of staying on top of the right numbers. This includes profitability, performance data, and of course, working capital. Small business owners must constantly keep tabs on how much working capital they have on hand. Without this information, countless critical tasks […]

What Is A Good Profit Margin And How Do You Create One?

It doesn’t matter how much revenue you’re raking in or how many products you sell. If you do not have a good profit margin, your cash flow will suffer. A good profit margin is a mandatory requirement for a successful business. It shows that in addition to sales, the other financial elements of your business […]

What Is An Excellent Credit Score And How Do You Get It?

Credit score is the number one factor for obtaining a small business loan. It’s the first thing most financial institutions look at when determining approval. Other factors, like annual revenue and time in business, are also very important but won’t play as big of a role as personal credit score. Without excellent credit, it is […]

How To Access Additional Working Capital For Your Small Business

What is Working Capital? The term “working capital” refers to all assets that are currently available for covering monthly business expenses, or operational costs. Payroll, rent, supplies, vendor bills, debt payments are typically covered by working capital. In addition to keeping your business up and running, working capital is used to fund business growth. How […]

Where To Find The Best Short-Term Business Loans In 2019

When banks were the only source of business funding, small business owners had just a few products to choose from. There was the traditional business term loan, a business line of credit, and that was about it. Today, however, there are many more options, such as the short-term business loan. Like any other business financing […]

4 Common Mistakes People Make When Shopping For Small Business Loans

The process of obtaining a small business loan is often categorized as “daunting” or “intimidating.” This is largely because there are so many things someone can do wrong before applying for funding. One mistake can result in rejection, a hazardous partnership, or default. But if you can avoid these mistakes, you should have no trouble […]

What Is The Difference Between Bookkeeping And Accounting?

The terms bookkeeping and accounting are often used interchangeably. This is confusing but understandable. The jobs of a bookkeeper and an accountant are very similar. Both of them help small business owners manage their finances. Both of them tend to work together towards the same goal. But it’s important for small business owners to know […]

3 Reasons A Business Line of Credit Makes Sense For Your Restaurant

Choosing the right type of business loan often comes down to your industry. The financial needs and cash flow patterns of certain businesses make them better suited for certain types of business loans. One example is restaurants, which are known for tumultuous revenue and unforeseen expenses looming around every corner. These are the kind of […]

4 Strategic Tips For Cutting Costs At Your Small Business

The first step towards business growth or financial stability is almost always cutting expenses. It’s easy but proactive. And it’s safe to say you’ll feel much more confident about your future when you aren’t worried about unknowingly overspending on recurring or one-time expenses. Yes, there is always more you can do to save money. But […]

How To Tell If A Business Term Loan Makes Sense For Your Beauty Salon

You may have heard about the frighteningly high default rate for bank loans. This figure would probably be a lot lower if more previous borrowers understood that a business term loan might not have been the best option for their circumstances. While a business term loan is arguably the most advantageous type of business loan, […]