Chelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been with Merchant Maverick helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well. She currently resides in Boise, Idaho.
Looking for an accounting definition? We cover all of the basics in our quick guide to accounting terms, so you can quickly understand important accounting terms and get back to running your business.
Credit bureaus arose to help lenders quickly gauge the reliability of a potential borrower. In the past, you could go to the good ol' general store and the owner would know you, your character, and whether or not putting your items on "charge" (or on credit) was a good idea. That method may have worked in the past, when communities were small and isolated, but there had to be a better way moving forward. Thus credit bureaus were born.
Learn what invoice financing is, whether it’s right for your business, and how to find a great financing company to work with in our complete guide.
Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you've made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you're experienced in business and that you're likely to increase your cash flow (which a lender hears as "we're getting our money back").
A secured business credit card should primarily be viewed as a road back to decent credit health. Remember, however, that it isn’t necessarily the best or only path you can take.
If your business has outstanding invoices and slow-paying customers, you don’t have to deal with ongoing cash flow gaps. Invoice factoring could be the solution to your problem. In this post, we’ll examine how invoice factoring works, whether it’s a good financial decision for your business, and how to choose the best invoice factor. The […]
Bank of America offers a large, versatile breadth of loan products at competitive rates, but at the cost of fairly conservative lending practices and standards. Business loans from Bank of America are suited for small to large businesses. Despite its low-interest rates, it has stringent borrower qualifications and a poor public reputation.
Is a corporate card right for your company? And if it is, what card or program should your company sign up for? Keep on reading to sort out how a corporate credit card can give your company a boost.
Checking your business credit reports and correcting errors could give your business credit score a boost quickly. Beyond that, consistently paying bills on time and paying off debt will also help contribute to a higher business credit score.
For many business owners, installment loans are one of the most common financing options. Installment loans (also referred to as term loans) can be useful for many business financing needs — from working capital to business expansion and refinancing. If you’re new to business funding, this guide will help you understand what installment loans are, […]
LoanBuilder is a small business loan service offered by PayPal. LoanBuilder stands out with flexible terms, low borrower requirements & relatively inexpensive loans. It may be ideal if your business needs a short-term infusion of capital.
PayPal Working Capital is a short-term business loan provided by PayPal. It is a fantastic resource for merchants who use PayPal. The application is fast, the fee structure is flexible and customizable, and repayment is easy.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
