Blog Posts | Page 84

Credit card associations, like Visa, Mastercard, American Express, and Discover, charge fees for their services every time a credit card is used. If you take credit cards, then card association fees are a necessary evil, since these fees comprise a part of wholesale fees you have to pay in order to take credit card payments. Here’s everything small businesses need to know about card brand fees.

Many insurance companies offer cybersecurity coverage. Contact your agent today to ask about adding cyber coverage to your business owners policy or purchasing separate cybersecurity insurance.

In addition to any background checks the hard money lender may decide to factor in, the property’s qualities will be considered. Properties in booming real estate markets and “up-and-coming” neighborhoods may push the lender’s LTV tolerance close to 75%, often considered the upper limit for hard money. In contrast, a property in a poor market, or a remote one, will push the maximum LTV closer to zero.

Unhappy with PayPal’s merchant services? Looking for a new processor? Whatever your reason for not choosing PayPal’s credit card processing, there are plenty of other options. Check out our choices for fair, affordable and practical alternatives to PayPal.

Inability to meet your expenses is one of the most frightening things you can experience as a business owner. When you have no reasonable hope of getting your head above your water, it may be time to consider filing for bankruptcy. Table of ContentsWhat Is Bankruptcy?Types Of BankruptcyRationales For Filing A BankruptcyFiling OptionsChapter 7 vs […]

If you’ve heard the term “KDS” floating around the industry and have found yourself at a bit of a loss, you’ve come to the right article! Short for “Kitchen Display Systems,” these digital screens replace the need for receipt printers or handwritten orders. But is this something your restaurant needs?

A seasonal business isn’t without its risks and challenges, but if done right, can be rewarding and lucrative. You can get your business off the ground by doing your research, choosing the right business idea, and using the tools and resources available to you.

Having good credit is a very important factor to getting a business loan. The higher your credit, the more loans you’ll have access to, and the better rates you’ll be offered. Frustrating as it may be, applying for a business loan (or other sources of funding) can have a negative effect on your credit. Knowing […]

Although factor rates and interest rates appear similar, there are some important differences which potential borrowers need to be aware of. Fixed fees (the fee determined by a factor rate) are only calculated once, before the loan is issued. The fee will stay the same, regardless of how long repayment takes. On the other hand, interest rates are accrued over time—the longer your loan is outstanding, the more fees will build up. Read on for more about the difference between factor rates and interest rates.

Free credit card processing sounds great, but the fact is, it’ll never be completely free. You’ll always have some fees to cover on your own, plus you need to consider whether it’s actually a good fit for your business model. Here’s what you need to look for.