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,
APR, which stands for “annual percentage rate,” makes it very easy to compare the costs of different business loans or credit cards. The need to calculate APR stems from the fact that most business loans have multiple fees in addition to interest or factor rates. This can include loan origination fees, document preparation fees, processing fees, credit check fees, etc.
It’s essential to know your business’s value for multiple reasons. You’ll likely need to present this figure when speaking to investors and financial institutions. If you sell your business, you must make sure to offer an appropriate price. When reaching out for media coverage, attaching an impressive valuation to your business will significantly increase your appeal.
Small business owners who need financing are probably familiar with conventional and cash flow loans. But there’s another financing option – asset-based lending – that can help you access capital when your cash flow is shaky.
The main differences between asset-based lending and traditional bank loans are how lenders evaluate and approve the loan application. However, the difference between the
If something threatens your professional advancement, such as a high-dollar liability claim, your company could face significant setbacks or even a dreadful shuttering. However, insurance companies are a step ahead of you and the risks you try to manage. Here’s what you need to know about professional liability insurance to ensure momentum, giving your company the best possible chance at
For many small businesses, the key to growth and stability is signing that one game-changing deal with a substantial client. They have to know where to look for the most lucrative opportunities. Unfortunately, business owners tend to disregard a considerable source of revenue for smaller businesses altogether. Believe it or not, the United States federal government must routinely purchase goods
