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Encore Entrepreneurs: 5 Steps to Starting a Business After Retirement

Today’s young adults have grown dissatisfied with the conventional career path. Unlike previous generations, they don’t seek the stability of working traditional hours at the same place for decades on end. To them, this lifestyle seems boring, unfulfilled, and void of passion. Many older individuals feel the same way about retirement. Rather than keeping the […]

Should You Apply For a Business Loan or a Personal Loan?

When businesses hit that inevitable speed bump, they often seek business loans to supplement their lack of cash. But maybe your business hasn’t been open for more than six months, and you might not meet the standard requirements for revenue or cash flow. Much like any other critical business decision, it never hurts to explore […]

How Does Credit Work? The Ultimate Credit Score Guide

Credit plays an increasingly bigger role in your life as you advance your career and reach for more milestones. Think about all the things you might want in the near future. Everything from a house to a business loan to a new cell phone plan. Your ability to access all three would depend on your […]

5 Things to Be Aware of Before Applying for Financing

Starting and running a business is demanding but exciting. You’ve got a great idea and a rock-solid business plan, and you put in the hard work. There’s just one thing you can’t succeed without: money. Whether you’re starting a business or investing in the one you already have, it can be expensive, and that the […]

How To Calculate Cost Of Debt For Business Loans

When shopping for business loans, it’s extremely important to know each option’s true cost. At first, that seems pretty easy: you just calculate the loan’s APR, right? This might help you determine the cheapest option available. But when you think of the big picture, it becomes clear that APR does not account for numerous other […]

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 […]