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This week in The Source

Credit Cards vs. Debit Cards: What’s Right for a Business?

February 4, 2021

As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...

Working Capital

How to Select the Right Minority Business Loans and Grants

January 31, 2021

Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.

Working Capital

How to Apply for Bridge Financing

January 22, 2021

As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.

Working Capital

Should You Pay Off Your SBA Loan Early?

January 19, 2021

If you’ve secured an SBA loan, congratulations! You’ll reap a variety of benefits including a lengthy repayment period.

Working Capital

What Are The Top Pros and Cons of Payroll Business Loans?

January 19, 2021

Failing to pay employees on time and in full comes with serious consequences. As a small business owner, you could face lawsuits, legal actions, fines, a tarnished reputation, and damaged employee relationships. Therefore, it’s smart...

Working Capital

Are SBA Loans Secured or Unsecured?

January 15, 2021

Most likely, you understand the difference between secured and unsecured small business loans. However, you might not be sure if you'll qualify for an unsecured loan, especially if you're pursuing SBA financing.

Small Business

How To Utilize Virtual Office Space For Your Business

January 13, 2021

Working from home provides many benefits to business owners, such as added convenience and affordability. However, it has one distinct disadvantage; working from home can de-legitimize your business in the eyes of certain clients.

Small Business

Gross Profit Formula: How to Calculate Your Gross Profit

January 10, 2021

As a business owner, it's crucial to track and measure the financial success of your business. Naturally, most entrepreneurs agree that high revenues and low expenses are essential for growth. However, there are still other ways that "profit" can be defined.

Industries We Serve

5 Ways to Use a Daycare Business Loan for Growth

January 10, 2021

As a daycare center owner, your main goal is to care for children and provide them with the best experience possible. To achieve this, you should be generating new ideas that will keep your students...