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This week in The Source

SBA Loan Down Payments: How Much Do You Need?

5 minute read

May 25, 2022

Small Business Administration (SBA) loans are popular due to their favorable terms, long loan periods, large loan amounts, and affordability. Entrepreneurs can use SBA loans for various investments to pursue future growth.

Working Capital

What is SBA Form 355, and Do You Need to Complete It?

5 minute read

May 25, 2022

Each year the Small Business Administration (SBA) helps entrepreneurs like you secure the financing they need to start or grow their business.\nStill, every one of the entrepreneurs who received these business loans had to fill...

Working Capital

What Are the Top Pros and Cons of Unsecured Business Loans?

5 minute read

May 25, 2022

Many entrepreneurs pursue small business loans to fulfill their additional financing needs. Even profitable businesses often need a cash injection to expand operations, place inventory orders, pay for real estate, or afford monthly payments, to name a...

Working Capital

Do You Need a Business Loan Down Payment to Secure Funding?

6 minute read

May 23, 2022

You can keep your business running smoothly and pursue long-term growth opportunities by taking out a small business loan. Depending on the type of loan you apply for, you may need to make a down...

Small Business

6 Factors to Consider Before Downsizing Your Business

5 minute read

May 18, 2022

Deciding to downsize your business may be the most challenging decision you make for your company. Some people who helped you build your business will lose their jobs, and your company’s growth may stall.

Small Business

How to Plan a Grand Opening Event for Your Business

5 minute read

May 18, 2022

After months or even years of planning, you’re finally ready to introduce your small business to the world. A grand opening event is essential to your launch plan and shouldn’t be an afterthought. This is...

Small Business

5 Steps to Take If You Want to Transfer Business Ownership

5 minute read

May 18, 2022

As a small business owner, there may come a day when you decide to transfer ownership of your business. Perhaps you'd like to retire and want to transfer ownership to a family member. Or, maybe...

Working Capital

What is an SBA 504 Loan, and How Can You Successfully Apply?

5 minute read

May 18, 2022

The Small Business Administration (SBA) provides business owners with various funding options. Although most businesses pursue the 7(a) loan, the SBA’s most popular product, you should also be aware of their other SBA financing options...

Small Business

The Top Pros and Cons of Prepaid Business Credit Cards

5 minute read

May 16, 2022

Credit cards aren’t the right funding option for every small business owner. For example, a high-limit credit card might do more harm than good if you struggle with budgeting.