The Source

This week in The Source

Recouping Your Losses after Disaster Strikes

4 minute read

August 27, 2024

The Small Business Administration (SBA) received more than 500 applications for financial assistance after Baltimore's Francis Scott Key bridge collapsed in March. Other recent disaster headlines are reminders that a natural or man-made disaster can...

Working Capital

How Long Does It Take to Get a Business Loan?

6 minute read

August 22, 2024

Business owners look for financing options for many different reasons, including acquiring new equipment, inventory, or property or simply to maintain a positive cash flow to cover operating expenses. But how long does it take...

Working Capital

4 Questions Seasonal Business Owners Must Ask About Borrowing

4 minute read

August 20, 2024

During the summer, Della's Delectable Delights, a gourmet market on the New England coast, is busy from dawn 'til dusk. But when the weather cools off, its apple pie and pumpkin-spice coffee sales aren't enough...

Fora Financial News

Fora Financial Named to Inc. 5000 List for 7th time

1 minute read

August 15, 2024

The Inc. 5000 list highlights the nation’s top independent businesses that have achieved remarkable growth. This year marks Fora Financial's seventh appearance on the list, a testament to years of dedication and success helping the...

Small Business

The Small Business News Roundup

3 minute read

August 13, 2024

Changes in tax laws, labor trends, and the role of artificial intelligence are just a few of the topics making small-business headlines recently. Here's our roundup: HR TRENDS: Keeping summertime fun. Small business owners are...

Small Business

Seven Smart Ways to Prepare for an Economic Downturn

4 minute read

August 6, 2024

America's entrepreneurs look on the bright side of life. According to recent polling from the U.S. Chamber of Commerce, 73 percent of small business owners say they expect their revenues to increase in the next...

Thought Leadership

Fora Financial's General Counsel/CCO John Viskocil on Debt Consolidation and Stacking

5 minute read

July 30, 2024

When your business finances are crunched and you are exploring options, beware of two rapidly-proliferating threats: (1) predatory debt consolidation and (2) successive, aggressive financing (commonly called “stacking”). Debt Consolidation A tall promise. During a...

Working Capital

Skipping the Credit Check on a Business Loan

3 minute read

July 25, 2024

It almost sounds too good to be true: a business lender approving you for a loan without checking your credit? However many so-called "fintech" lenders look at the 5 C's: credit, capital, character, capacity, and...

Small Business

Can You Cash Customer Checks without a Business Banking Account?

3 minute read

July 23, 2024

The "gig economy" has given rise to all kinds of side hustles that could grow into something much larger — a full-fledged business. Still, your business finances might be tied to your personal checking account....