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Don’t hamper the chances of your salon making it by buying into the myth that a business loan is going to take better care of you than a capital advance. For any small business, especially a salon, it’s crucial to have some capital to work with, as you’re vulnerable to unexpected price hikes in products, fluxes in client traffic, and … Read More
How to Protect Your Business When Small Business Loan Payments are a Challenge.
Working capital is the lifeblood of small businesses. As the credit gap remains a reality for SMBs in America, the market for capital is still robust. Business owners are increasingly active in evaluating various capital products from advances to invoice factoring to loans. But sometimes taking on new capital comes with unexpected challenges. What happens if your business has trouble … Read More
Why You Shouldn’t Pay for ‘Debt Relief’
As an entrepreneur, you’re well aware that even a solid business plan and a great product won’t protect you completely from unexpected downturns. Markets change, your costs can rise — and suddenly, you’re struggling to meet your obligations. This is when you may start noticing sales pitches from companies that offer a quick and easy solution to your stress. Here’s … Read More
Getting the Balance Right Between Business Credit and Personal Credit
The following suggestions will protect you from unnecessary personal debt and help you maintain a distinct separation between business and personal finances.
Women-Owned Small Businesses Continue to Grow, But There’s a Catch…
Small businesses that are owned by women continually succeed in revenue and earnings generated, but still struggle to grow at the same rate as their male-owned counterparts. The presence of the gender gap in small businesses is felt, as it much harder for women entrepreneurs to gain the necessary capital to expand their businesses.
Keeping Lines of Communication Open with Your Capital Provider
Proactive, effective communication between lender and borrower can help build a strong relationship that weathers any storm.
Capital Advance: Getting You Through the Tough Times
A capital advance from Wellen is designed to help small business owners who may be facing a difficult financial situation whether it is a decrease in sales or the need for more capital in order to help the business to grow.
Small Business Owners Find New Ways to Gain Insights and Advice
What is one of your best resources for small business insights? Other small business owners.
Interest Rates Not Only Factor in Choosing Funding Options
Many small business owners rely on interest rates only to determine which funding option offers the best, most affordable terms. But price is not, and should not be your only determining factor.
A New Financing Option: Restaurant Crowdfunding
Crowdfunding as a form of financing for restaurants is certainly not a new concept. Many restaurants now offer food and beverage as a form of repayment on investment, which, if done correctly, can provide your restaurant with the necessary capital without giving up any equity.