BINs work by identifying the type of card being used to make a purchase, the location of the card issuer, and which bank issued the card. Financial institutions can then compare this information to their cardholder data to more easily identify fraudulent charges.

Understanding business loan interest rates is an essential step for any borrower. Knowing about interest rates helps you better understand the cost of borrowing, is critical for comparing loan offers, and helps you secure the funding you need for any financial situation.

A business loan proposal is your opportunity to explain to a potential lender why they should take on the risk of lending to you. It’s a persuasive essay to convince the bank you are a viable business that will not default — you will paint that picture both with a narrative about your business and your profit/loss metrics.

When it comes to loans, every business has unique needs. What works for one business might not work for your own. Before even seeking out a lender, determine if your business can afford a loan and if the loan will truly help your business grow. Then, carefully weigh out the pros and cons of business loans versus personal loans to find the best match for your specific circumstances

Thimble is business insurance. You can purchase the most common kinds of business insurance, general liability and commercial property, from Thimble. Thimble insurance can be purchased by the hour, day, week, month, or year, making it perfect for anyone who does not need ongoing insurance for their business.

The most important kind of insurance for most small businesses is general liability insurance. Commercial property insurance is also important. You may be able to combine these two types of coverage into one policy, known as a business owner’s policy or BOP that lets you obtain coverage at a discount.

Typically, candles do tend to be impulse purchases. But if you know where to find your ideal customers, rotate stock to keep your business interesting, and strategize product launches around seasons when scents are popular, you may find customers coming back again and again to enjoy the results of your ingenuity.

Owning a laundromat is simpler than many other types of businesses; your greatest responsibilities will be keeping track of your financials, managing customers, and maintaining your equipment. But don’t let the ease of running a laundromat tempt you into becoming an absentee manager, in which case, your business will suffer as a result.

NEXT offers business insurance for small to mid-sized businesses. NEXT offers the most important types of business insurance, including commercial property and professional liability coverage. You can also purchase a businessowners policy, commercial auto coverage, and workers’ compensation coverage from NEXT.

If you’re a photographer looking to make your passion your job, we’re here to teach you how to start a photography business! Keep reading to learn more about how to get started, brand your studio, find the best web/payment platforms, and market yourself!