The Source

This week in The Source

Do You Need a Business Partner? How to Decide

April 18, 2022

Once you’ve decided on a great business idea, you’ll need to select a specific business structure. Although most business startups operate as sole proprietorships, many new businesses operate as general partnerships.

Working Capital

How to Get a Small Business Loan in North Dakota

April 15, 2022

North Dakota had 75,427 small businesses in 2021, according to figures from the Small Business Administration (SBA). These businesses employed 196,368 workers and accounted for 56.7% of the total workforce in the state.

Industries We Serve

Law Firm Business Loans: How To Qualify and Use Funding

April 13, 2022

Maintaining healthy cash flow is a universal challenge for small business owners. Yet it’s arguably even tougher for law firms, given the nature of the business.

Working Capital

Revolving vs. Non-Revolving Lines of Credit: How to Decide

April 11, 2022

Lines of credit allow business owners to borrow money for expansion projects, pay for consistent expenses like bills, and fill inventory orders, to name a few examples. Like a personal line of credit, business credit...

Industries We Serve

6 Tips for Starting a Successful Vending Machine Business

April 11, 2022

Are you interested in starting a successful business? Vending machines aren't new or revolutionary, but opening a vending machine company can be a lucrative business opportunity. Many business owners start a vending machine business as a form of passive income and their full-time jobs.

Working Capital

How to Get a Business Line of Credit with Bad Credit

April 6, 2022

A business line of credit is a flexible funding option beneficial for smoothing out cash flow. However, it’s often difficult to get approved for a line of credit, especially if your credit score is low....

Working Capital

SBA Express Loans: What Are The Most Notable Pros and Cons?

March 28, 2022

Small Business Administration (SBA) Loans are a popular option for businesses that require access to quick financing.

Working Capital

What is SBA Form 912, and Do You Need to Complete It?

March 28, 2022

SBA Form 912 – Statement of Personal History is a document that the Small Business Administration (SBA) uses to evaluate individuals’ character and credit eligibility when applying for an SBA loan.

Small Business

Business Entity Types: How to Select Your Entity Type

March 28, 2022

Congratulations, you've decided to take the plunge and start your own business. However, what comes next will significantly affect your chances of future success.