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This week in The Source

Disruptive Business Models: What You Should Know

March 5, 2021

A disruptive business presents a new concept to an already crowded marketplace, earning the attention and respect of consumers.

Industries We Serve

Restaurant Finance Management: Our Top Tips

February 23, 2021

Managing your restaurant's finances probably isn’t why you got into the restaurant industry. Still, savvy financial management is critical if you’re hoping to grow and stabilize your small business.

Small Business

Limited Partnerships: What You Should Know

February 22, 2021

To say that the ownership structure of your business has significant implications would be an understatement. This is because ownership structures influence operations, tax treatment, and your personal liability for debts acquired by the business.

Working Capital

Leasing vs. Buying Equipment: What To Consider

February 17, 2021

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

Small Business

SBA Loan Applications: The Approval Process Explained

February 16, 2021

Many small business owners know that they’ll require additional working capital at some point. Often, one of the first places they’ll seek this funding is through the federal government.

Industries We Serve

The Ultimate Guide to Hair Salon Financing

February 15, 2021

In the United States, the hair salon market is worth $47.1 billion. Clearly, the opportunity for financial success is there, but only if you have the funds to capitalize on it — which is what makes hair...

Working Capital

ACH Transactions: What Businesses Should Know

February 12, 2021

Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

Working Capital

Collateral Coverage Ratio: What You Should Know

February 10, 2021

Collateral is an asset you pledge in order to secure a loan from a financial institution. Types of collateral may include real estate, inventory, or equipment. If you default on your loan, your lender typically can take your collateral and recoup their money.

Technology

10 Business Credit Card Scanner Apps to Consider

February 9, 2021

As a small business owner, you know that credit card payments are more popular today than ever before. Most customers prefer to pay with credit cards over cash and check. Not only are credit cards...