When your business needs access to capital, you might believe your only option is to take out a loan from a traditional lender like a bank. Unfortunately, not all applicants will qualify for such services. Whether you’re dealing with a low credit score or you lack the down payment required by the lender, it can […]
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You were ready to purchase a building for your company or must move to a bigger location due to growth. There are multiple options available to secure this commercial real estate for you and make the necessary repairs to make it fit your organization. However, owning it outright and paying for it through financing can
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As a businessperson, you have much on your plate. No matter how much gets squared away, you never seem to clear your to-do list. Your venture would perform better if only you were able to complete more. Fortunately, you can. Incorporating the following productivity hacks into your working life may see you getting incredible amounts
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Business loans can help launch or expand a business. These funds can be used to purchase inventory and/or equipment, lease operational space, and cover payroll or other expenses. Unfortunately, it’s often difficult for new businesses to get this type of funding. In this blog, we’ll explain the top 8 things that could be stopping you
This is What Could be Stopping You From Getting a Small Business Loan Read More »
Most companies, even those with extremely skilled personnel, sometimes experience cash flow difficulties. These are often caused by the necessity of offering payment terms that may vary from 30 to 60 days or even longer. One solution is to build up cash reserves, which can be problematic for struggling businesses, and another is to offer
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Small wholesale businesses that resell products often face a dilemma when they receive large orders. Their suppliers typically insist that they prepay for goods, but they may not have enough financial reserves to handle the transaction. This creates the risk of competitors taking over the orders. A solution to this difficulty is purchase order financing,
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A revolving line of credit allows you to borrow funds and only pay interest on the amount that you borrow. If the borrowed funds are paid back before the close of the draw period, you can borrow those funds again. This is what makes it revolving. This is a great tool for small businesses that
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Accounting gives business owners insight into the financial health of their company and without it, you’re paralyzed. An accountant can keep track of your business finances, including cash flow. The three primary types of business accounting are: Financial Managerial Tax In this blog, we’ll explain how business accounting works. What is Business Accounting? Accounting is
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Invoice financing is a type of financing that allows businesses to quickly obtain funding for outstanding B2B invoices. In return, the business pays the finance company a fee- usually, a percentage of the amount borrowed. Types of Invoice Financing There are three types of invoice financing: Invoice factoring: a finance company purchases outstanding invoices and
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If you are a new entrepreneur, get your business off the ground with startup loans. But will lenders approve new companies or brands? Consider these viable startup loans for new entrepreneurs: Conventional Loan Term loans from banks or conventional lenders are perhaps the most common type of loan that new entrepreneurs apply for. These are designed
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