Blog posts tagged with "Business Finances"

The Pros and Cons of Short-Term Business Loans

November 18, 2020
One of the most important components of running a business is finding ways to effectively allocate capital. With a sound financial plan, your business can minimize operational costs and maximize potential growth.

4 Types of Business Collateral Used to Secure Loans

November 17, 2020
When you take out any type of loan, you’re putting your business’s reputation, profits, and credit score on the line. With a secured loan, collateral is also at risk. However, unlike your reputation, profits, and credit history, you have choices when it comes to choosing the type of collateral you’re willing to risk.

Should You Open Multiple Business Bank Accounts?

November 16, 2020
If organizing your business’s finances isn’t a main priority, rest assured you’re not alone. A recent study from TD Bank revealed that 27 percent of small business owners use the same checking account for their personal and business finances.

Pros and Cons of Receiving a Business Line of Credit

November 10, 2020
When it comes to running a small business, having ample cash flow is imperative. Due to this, many business owners apply for a business line of credit. Although lines of credit can be a great financing source, it’s important to review the pros and cons of this product prior to submitting your application.

How Are SBA Loans Different from Other Funding Options?

November 04, 2020
Small Business Administration (SBA) loans are a great option for business owners in need of additional financing for their short or long term goals. Still, there are a variety of other financing options available to business owners that are also worth considering.

What is Operating Revenue And How Does It Work?

October 29, 2020
Owning a business is a great way to do what you’re passionate about every day. If you have a good idea and the right execution, it can also be very profitable.

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

October 21, 2020
SBA Form 912 – Statement of Personal History, is a document that the Small Business Administration (SBA) uses to evaluate individuals’ character and credit eligibility who’re applying for an SBA loan. Understandably, the SBA wants to lend money to individuals who are of good moral standing that they can trust.

How To Negotiate Upfront Payments

October 14, 2020
The ebb and flow of finances is one of the biggest hurdles of being a small business owner. It can be difficult to juggle bills while waiting for your customers to pay you. If you can relate to this, it’s time to consider asking for upfront payments.

How to Pay Off a Small Business Loan

September 28, 2020
Many small business owners apply for business loan to sustain their operations. Some use a loan when they start a business, while others utilize it after being operational for years.

The Pros and Cons of Equipment Loans

September 24, 2020
As a business owner, you probably use at least one type of equipment, regardless of your business’s industry. This equipment is likely pivotal to how your business functions, or makes it easier to do so.