Blog Posts | Page 53

For small businesses searching for funding, the debt service coverage ratio plays a huge factor in lending decisions. Lenders use your DSCR to determine whether you can afford to make regular loan payments and how much you can borrow.

A free credit card swiper can be tempting for small businesses, but some are better than others. Check out our rundown of the best free card readers.

Is this American Express holiday worth the hype? We tell you why, and, give you 10 tips that won’t break the bank to maximize your small business success this season.

Square, Lightspeed Restaurant, Toast, TouchBistro, Clover, Revel, and Lavu all offer strong features for online ordering. The best one for your restaurant will depend on a variety of factors, including how much you’re able to pay to add online ordering to your restaurant.

A particularly confusing and misunderstood fee is the monthly minimum. Rather than a direct fee, it’s the minimum amount in processing fees you’re required to pay your provider monthly. If your processing fees fall short of this minimum, you’re billed the difference; if not, there’s no extra charge.

A pay stub is a form of communication between an employer and an employee, and it communicates with full transparency wages earned, taxes paid, and deductions removed. Employers should understand the information on a pay stub to help explain payroll taxes and possible deductions to their employees.

While the continued existence of countless high-risk businesses demonstrates the fact that it is entirely possible to run a successful one, it’s true that a high-risk business classification complicates your ability to access certain business essentials, including business loans, credit card processing, and business insurance.

Learn when a one-page business plan is the right format for you & your business idea. We offer a free downloadable template and steps to get you started toward a successful business.

Learn about the best small business grants for minority business owners and entrepreneurs in this comprehensive article.

Having good credit is important when you are seeking a source of credit, such as a loan or credit card. Find out what credit scores are, why you should be paying attention to your scores, and how to maintain good credit in our complete guide to personal credit scores.