Blog Posts | Page 18

It can be harder for startups to qualify for business loans since many lenders want to that a business is profitable before they lend it money. One way to get around this Catch-22 is to use personal loans to finance the early stages of a business.

The most popular employee payment methods are direct deposit and paper check payments. However, other employee payment methods, including cash, cryptocurrency, and pay card payments are also used across the US.

If you’re currently using your personal savings or checking account as a savings account for your business, it’s time to start researching and deciding what bank is going to be best for you. Read our article on the documents needed to open a business bank account to learn more about your next steps.

Equipment financing is low key one of the more complicated types of business financing. Not only do you want to keep in mind factors that apply to all business loans like interest rates, your ability to qualify, and term lengths, but you need to consider how the equipment you’re purchasing retains (or doesn’t retain) its value and utility over time.

While banks and credit unions are similar, certain features or perks may make one stand out to you more than the other. With this information, you can make an informed decision about which type of financial institution is the best fit for you.

Yes, you need a business checking account. A business bank account is an essential tool just like the internet or your computer, you could run your business without one, but why should you? This protects you legally and helps with taxes. 

Trying to lower your credit card processing costs is more important than ever, as inflation drives up the costs of goods and services, and credit card interchange fees continue to rise. We discuss the industry averages for credit card processing costs, which can show you how your costs compare to other businesses.

Good business ideas for kids have work that’s easily accessible and usually involves minimal startup costs. Think of ideas like lemonade stands, tutoring, hobby coaching, babysitting, and dog walking.

Small business insurance isn’t the same for everyone. If you are self-employed, check out Hiscox or Next. If your business is large and complex, you should look at The Hartford or Nationwide.

If you’re looking to take credit card payments through your WooCommerce store, WooCommerce Payments offers a ready-made solution. WooCommerce Payments allows businesses to accept payments and monitor sales activity through their store’s dashboard.