Blog posts tagged with "Business Finances"

Business Bank Statement Loans: Why Are Statements Required?

January 25, 2022
Lenders require bank statements for several reasons that you’ll learn about in this post. The main reason, though, is that lenders need to verify that you meet their lending standards. Bank statements help lenders do this because the statements show lenders how much is coming in and out of your account.

9 Methods to Increase Cash Flow for Small Businesses

January 24, 2022
If you’re a small business owner with a growing business, you’re likely doing things right. If your profits are increasing year over year, you’re probably moving in the correct direction. However, one of the most significant errors that small businesses make at this point is complacency.

Same-Day Business Loans: The Pros and Cons

January 24, 2022
In business and in life, even the best-laid plans go astray. The good news is, same-day business loans can help small business owners to capitalize on unexpected business opportunities or mitigate unforeseen disasters.

How to Get a Small Business Loan in New Hampshire

January 22, 2022
According to the latest figures from the Small Business Administration (SBA), there are 136, 535 small businesses in New Hampshire. These businesses employ over 300,000 workers and make up 49.8% of the total workforce in the state. The top industries for New Hampshire small businesses include health care, accommodation and food services, retail trade, manufacturing, and construction.

The Top Pros and Cons of an Unsecured Line of Credit

January 20, 2022
One of the biggest challenges you may face as a business owner is maintaining an adequate cushion against fluctuations in cash flow.

How Long Does It Take to Get a Business Loan?

January 20, 2022
No matter what type of business you’re involved in, you may need fast funding at some point in time. Maybe you found the perfect commercial real estate property and want to secure it before someone else does. Or perhaps you locked in a good deal on inventory that will expire soon.

How to Get a Small Business Loan in Vermont

January 19, 2022
Vermont has about 80,000 small businesses, which employ 158,228 workers and account for 60.6% of the total workforce in the state. Most of the small businesses in Vermont are in industries such as professional, scientific, and technical services, construction, retail trade, real estate, and healthcare.

How Do ACH Business Loans Work?

January 18, 2022
ACH is a commonly used term in the business world. If you own a business, there’s a good chance you accept ACH transfers from your customers. Put simply, ACH is an acronym for Automated Clearing House. It’s an alternative to paper checks and electronically moves money from one bank account to another.

How to Get a Small Business Loan in South Carolina

January 12, 2022
South Carolina is home to 445,804 small businesses, which account for 99.4% of total businesses in the state. These small businesses employ 830,094 workers and make up 43.6% of the entire workforce. Most of them operate in industries such as professional, scientific, and technical services, construction, administrative, support, and waste management, commercial real estate, and retail trade.

Gross Profit Formula: How to Calculate Your Gross Profit

January 11, 2022
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.