Business Financing

When Is It a Good Time to Take Out a Loan?

Oftentimes, business owners wait for the “right time” to take out a loan. By right time, some entrepreneurs mean when they’re in dire need of cash and soon---which is actually too late, if you think about it. Experts say that the best time to initiate the loan process is when you don’t need the cash urgently, and only after you’ve created a financial plan to ensure sound … [Read more...]

Running Out of Financing Options? Here Are 4 Things that You can Do

Cash flow issues affect most new businesses, and a good portion of well-established ones as well. This may be due to the nature of the business you're in, or because of unexpected events and changing market conditions. Either way, they can be distressing, and keep a lot of business owners awake at night. You might have started looking for options, but don't think you're … [Read more...]

The Advantages of Credit Unions for Businesses

No business can cope without capital. Whether you're running a simple start-up and need those initial set-up costs to get going or if you're in charge of a much bigger and better-established brand, looking to expand, it's vital to ensure that you have the cash to cover your business needs, from purchasing new equipment to paying employee salaries. Ideally, businesses aim to … [Read more...]

5 Essential Steps to Becoming an Entrepreneur

Do you feel like you’re ready to move on from your 9-to-5, say goodbye to your days of being an employee, and become your own boss instead? Embracing entrepreneurship can completely transform your career, and anyone can become an entrepreneur, as long as you’re truly committed to your vision! Once you’ve come up with a great business idea and created a plan that will help you … [Read more...]

Discover What You Can Use as Collateral to Secure a Business Loan

If your company doesn’t have a balance sheet comparable to that of Apple, the only way you may be able to access capital is through business financing. A business loan can serve as a powerful tool, helping you maintain a consistent cash flow, which can cover operational costs or finance growth plans. If you’re looking to get funding for your business, you need collateral to … [Read more...]

Saving Money with a New Business

When you start out with your new business, you may not have a lot of money at your disposal. This can be especially true if you have had to pay a rent or mortgage, pay for licensing fees, or for any insurance. Due to this, you may be wondering how you can legally cut some costs without compromising on any business features. For the novice business owner, lots of questions … [Read more...]

Can You Build Business Credit if You Have Bad Personal Credit?

Dealing with a bad consumer credit score is frustrating, but does it impact your business credit score? While these two numbers may be related by performing similar roles in your personal and business lives, they aren’t linked. Keep scrolling to learn more. What Is Your Business Credit Score? Much like your consumer score, your business credit is a risk assessment tool that … [Read more...]

Top 5 Financial Tips You Need to Know in 2020

Meeting financial goals isn't easy because sometimes things come up that make it hard to save or we simply don't have the discipline to do it. Regardless of which boat you're in, you can achieve your financial goals with the right guidance and the right tips and tools. From spending less than you earn by creating a budget (and sticking to it) to considering a bank card for … [Read more...]

3 Places to Get Grants to Open a Business

Starting a small business takes a tremendous amount of work. Along with developing a product or service, you need to find workspace, hire employees, and, most importantly, come up with funding for your company. Fortunately, several organizations are in place to help with small business funding, which includes grants that you don't need to pay back. Small Business … [Read more...]

Smart Steps for Starting Your Entrepreneurial Career

Becoming an entrepreneur is a rewarding way to put your skills to work and share your ideas with the world, but it’s also a hard path to go down as there are many pitfalls along the way. Many entrepreneurs are full of ambition at first but don’t know how to start making their dreams into a reality. When you’re just starting out, these are a few things that can make you more … [Read more...]