Once you have established the need for a small business loan, the next step is figuring out what type of small business loan would work best for you. This doesn’t just refer to choosing between different business funding programs like a business line of credit, merchant cash advance, or SBA Loan. The potential borrower must […]
Much like any working professional, business leaders must continuously adapt to maintain success. They must develop new strategies or tools with at least one central goal: improving cash flow. This isn’t always as simple as acquiring new equipment or hiring more workers. Sometimes, the changes have to take place on a deeper level and may […]
When a small business owner is asked why he or she has not looked into small business loans, a common response is “I don’t have the time.” At first, this seems to imply that the business leader is lazy or just uninformed about the modern business financing industry. “Who doesn’t have the time to fill […]
An unfortunate reality of owning a small business is having to prepare for the worst. This is a primary difference between businesses that succeed and those that fail. The latter group prioritized the need for security and took measures to minimize the likelihood of an industry-related crisis as much as possible. Even if such an […]
Equipment is one of the biggest and most important expenses of the restaurant business. Your ovens, fryers and freezers must be high quality and up-to-date in order to eliminate the likelihood of something breaking. Many restaurateurs try to avoid this scenario at all costs, partially due to seasonality. They can’t afford to lose any business […]
Of the many business funding programs available today, a business line of credit is among the most popular. It’s usually the next option for a business owner who first pursued a traditional business term loan only to discover that this program was not their best choice. A business line of credit is very different from […]
One of the most popular uses for additional business funding is investing in new technology. While examples of advanced technology might be easier to conceive for certain industries (healthcare, E-commerce), examples for other industries aren’t exactly clear. And yet you hear about countless companies taking out small business loans to acquire some sort of tool […]
The beginning of a new year can get extremely busy for various industries. Among the first that come to mind are fitness centers, due to the countless people looking to start the new year with a new physique. Such individuals are so great in number that the opportunity to gain their business and turn them […]
It’s rare for an entire industry to experience what can rightfully be referred to as a “transformation.” Well, the business financing industry is one of the few exceptions to this rule. More and more sources of small business loans are appearing and growing every day. Virtually every member of the new wave of business lenders […]
One universal sign of a responsible small business owner is a perpetual awareness of the business’s financial health. Responsible (and more likely than not, successful) business owners determine what’s working and what’s not by regularly examining a series of financial statements or accounting reports. Maintaining this habit also allows them to keep their records updated […]
