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What are Credit Card Processing Fees and How Much Do They Cost?

One of the most tedious and unexciting aspects of starting a business is obtaining the basic requirements of a legitimate organization. Notable examples include business cards, a website, and the ability to accept credit card payments. This third example is a crucial step in a business’s development. Accepting credit card payments probably wouldn’t be so […]

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 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 […]

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 […]

Small Business Loan Rates And Fees: Everything You Need To Know

Arguably the most confusing part of shopping for small business loans is comparing numbers. You can only make a decision after understanding the rates and fees for each option. This process becomes much less stressful when you are aware of every numerical figure that affects the cost of the business loan. It’s crucial to know […]

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, […]

5 Smart Strategies For Reducing Small Business Debt

A key skill of a successful business leader is debt management. Since it’s only natural for a small business to take on more debt as it grows, it’s very easy to unknowingly take on too much. Debt can be very advantageous if used correctly. Once it becomes excessive, however, you start to get an unnerving […]

6 Factors That Determine Your Small Business Loan Interest Rate

For many small business owners, choosing a business loan comes down to a single factor: interest. They look at all the options they qualify for and, unless there is a clear reason not to do so, choose the one with the lowest interest rate. Since interest plays such a crucial role in this decision, it’s […]

How To Fix 3 Common Threats To Small Business Profitability And Cash Flow

The fact that cash flow remains the most common cause for small business failure makes it seem impossible to master. Yes, cash flow problems are arguably inevitable. But here’s what a lot of people forget: There aren’t too many variations of them. Most business’s cash flow problems are caused by the same things. When a […]