Each wholesale club’s card excels for a different type of business. Costco’s program is best suited for companies with heavy travel and dining budgets, Sam’s Club is ideal for fuel-intensive operations, and BJ’s is the most rewarding for frequent in-store buyers with smaller-ticket purchases.
Choosing the right card isn’t just about which wholesale club is closest to your business—it’s about
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
A tradeline is any credit account that appears on a credit report. In personal finance, this could be a credit card account, an auto loan, or a student loan. In the business world, business tradelines encompass vendor accounts, business credit cards, installment loans, and revolving accounts associated with your company.
So, how long does it take for tradelines to appear
Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
There are several SBA loans; most take weeks to months to get approval and receive funding. However, as its name implies, the SBA Express Loan significantly shortens the application process and funding time.
The faster funding time results in lower borrowing amounts and higher interest rates, but it might be worth it if your business needs quick funding.
SBA 504 loans – or CDC/504 loans – are a specialized subset of the SBA loan program that provides long-term financing for major fixed assets that promote business growth. 504 loans also require working with Certified Development Companies (CDCs) and a third-party lender (TPL) to process the application and receive funding.
The drawback is that SBA loans also carry the steepest qualification requirements. That becomes even more muddled as there are no exact requirements, and each lender sets their own standards.
If you’re considering SBA 7(a) loans but aren’t sure if you qualify or how to qualify, we can help with this essential guide.
Some truckers use freight factoring to turn unpaid invoices into immediate cash. However, factoring can get expensive, especially with the different companies and terms available.
Money transfer services like Cash App make sending and receiving money online easier than ever. With the steady growth of eCommerce, a Cash App business account could help small businesses in need of a payment service.
