If you’re reading this blog, then you already know how important cash flow is. Cash flow is the mainstay of your business. Positive cash flow means you can successfully run and grow your business, and negative cash flow — well, that’s bad news. But what do you do when you have negative cash flow? How […]
Cash flow is one of the most important aspects of running a successful business. But how do you calculate cash flow? And once your cash flow is calculated, what does that tell you about your business? We’re glad you asked! Cash flow is the money that comes in and out of your business, so it would […]
Having a good credit score is integral to getting goods and services at a reasonable rate. Most creditors will look pull up at least one of your scores, whether you are looking for a loan, housing, a credit card, or some other product or service. It’s important to have at least a rough idea of […]
Not impressed with the easy applications but high interest rates offered by alternative lenders? Well, the good news is that, despite the ubiquity of online financing, most of the best rates in the business continued to be offered by local banks and credit unions. Because you’re likely to encounter stricter credit requirements, as well as […]
Have you ever sat by the ocean and watched the tide ebb and flow for hours? If so, you probably know a lot about water flow. As a business owner, though, you should be more focused on cash flow. What is cash flow? We’re glad you asked! Aptly named, cash flow is the money that […]
If you are a merchant who has struggled to pay bills or missed out on an opportunity to grow your business due to a lack of capital, you know just how frustrating cash flow problems can be. A business line of credit is a potential solution for cash flow problems experienced by small business owners. Lines of […]
Startup owners often have a difficult time accessing financing to keep their businesses growing. While it’s becoming easier and easier to get business financing due to online loans, startups have largely been left out of the mix. Business lenders, understandably, don’t want to risk lending to an unproven business with no operating history. There are […]
Few things in life feel as good as a fresh start. This is especially true when you’re launching a new business and are full of enthusiasm to start making your dream a reality. But if you’ve been through some financial hardships that have left your credit score battered and bruised, a fresh start can be hard to come […]
The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. Below, we explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business loans for most general business purposes), CDC/504 Loans […]
“Can I afford a small business loan?” For many business owners, this is (literally) the $64,000 question! With so many variables in play, it may seem daunting to calculate whether you can actually cover new loan payments. Luckily, there are multiple financial ratios in place to help you do just that. In this post, we’ll […]
