When the Federal government shut down on October 1, 2013, “non-essential federal employees” were furloughed—meaning they could not go in to work. And while many Americans don’t necessarily feel that effect on a day-to-day basis, small business owners who were considering SBA loans will definitely see the impact.
Would Your Business Meet the Banks’ 5Cs of Credit?
If, like many small business and restaurant owners, your business is operating in an environment where you can’t meet the banks’ rigorous credit requirements, you’re not alone. But you do have alternative financing options to consider. Read more.
How Does the Wage Debate Affect Your Restaurant or Small Business?
Worried about a potential increase in the federal minimum wage? So are many other small business and restaurant owners. How might you balance the need to satisfy customers with a potential labor cost increase? Read more.
Number of Small Business Loans Goes Up, Value of Small Business Loans Goes Down
Still feeling the squeeze with the big banks? Your business is not alone. Although the overall number of small business loans issued has grown, the amounts of these small business loans have shrunk. The good news is that small business owners are finding alternative lending sources.
At Last, The Economy Is Recovering, But Small Business Financing Is Still Hard To Find
Still finding it difficult to get your business approved for a bank loan? You’re not alone. Here is an alternative source of funding when the big banks say “No”.
Merchant Cash Advance – Understanding Repayment.
There’s a lot of press out there about merchant cash advances – both good and bad. One of the biggest factors that may determine if a merchant cash advance is good for your business is being educated about the product. There are many types or merchant cash advances with slightly different features. As a business owner, you need to understand … Read More
Why Your Business Should Accept Credit Cards.
As a business owner, you may sometimes wonder if accepting credit card payments are worth the cost. After all, it does add to your expense column. You have to buy or lease the card processing equipment, you may need to change your accounting system, you need to train employees on how to handle payment, validate identification and prevent fraud, and … Read More
Good Business Investments For A Merchant Cash Advance.
A merchant cash advance is an excellent alternative funding source to add to your current mix of loans, lines of credits, credit cards and personal financing. Businesses like them because of the simplicity in securing capital. Capital advance providers typically don’t ask for a business plan, and they usually do not require collateral. Your credit score does not have to … Read More
Sorry, But Your Business Doesn’t Qualify For A Merchant Cash Advance
Merchant cash advances have been gaining in popularity as an alternative lending source to small business as credit remains tight. Big players like Amazon and American Express are getting into the business. Many businesses that have used a merchant advance in the past use the product over and over to even out cash flow. But some businesses have nothing good to … Read More
Need Help Getting Money and Making Money? Try These Four Small Business Solutions.
Ready to take your business to the next level in 2013? Consider the following four business applications to help you get money and make money.