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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
Why Communication with your Funding Provider is Important
Good communication between two parties is always important, especially when dealing with sensitive topics—like money. It is important for both parties to be on the same page and in sync with each other to avoid any miscommunication. Business Owners that used to borrow from banks increasingly turn to alternative capital providers to fund their business dreams. These non-traditional providers allow … Read More
How to Apply for a Small Business Loan Alternative
When small businesses apply for traditional bank loans, they get turned down at record rates. Analysts claim that anywhere from 20 to 80 percent of small business applicants get rejected when looking for funding. To close the gap and access the funds they need, many small businesses are turning to alterative lenders. Thinking about applying for a loan from an … 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.
“Restaurant Recession” or Not, It’s Never a Bad Time To Shore Up Your Financial Position
What’s causing fears over a “restaurant recession”? And what should you do to protect your restaurant?
Your Guide to the Small Business Lending Index and Its Largest Year-Over-Year Downturn since 2009
The Small Business Lending Index released by Thomson Reuters and PayNet showed a noteworthy downturn in April of this year.
New Opportunities for Existing Small Businesses: SBA Brings Back 504 Refinancing Program
Small businesses looking to refinance their business’s real estate will have another option to do so starting on June 24 if they qualify. The SBA is bringing back its 504 refinancing and loan program originally implemented as part of the 2010 Jobs Act, but this time as a permanent measure.
How to Assess Your Small Business’s Financial Health
While many small business owners may feel that their businesses are financially healthy, not every business owner possesses the same confidence. Running a check-up on your small business’s finances can give you a better idea of the state of your business, while potentially uncovering opportunities for growth.