With no history, no track record, and no revenue, borrowing capital for a startup can sometimes feel like searching for the Holy Grail. Nevertheless, there are options, but they might not be where you expect.
It can sometimes feel like a Catch-22. Part of building a strong credit profile is responsibly using business credit, but obtaining that business credit so that you can responsibly use it is sometimes easier said than done—especially for young companies just getting started.
A love of accounting is probably not the primary reason most entrepreneurs decide to start a business, but most of us would agree that at least a basic understanding of good accounting and bookkeeping practices is an important part of running a business. Likewise, mastering the ins-and-outs of financing is important
Like other businesses, many small retail businesses rely on borrowed capital to purchase inventory, buy fixtures, expand, or bridge seasonal cash flow gaps. Financing for retail businesses […]
Many small businesses rely on borrowed capital to fuel growth and other initiatives. Depending upon the nature of the business need, a business’ credit profile, time in business, […]
The options available to small business owners, particularly startups, for finding capital are better than ever—but they might not be where you’re looking. Crowdfunding is one of […]
Friends and family business loans, or financing from friends or family members remains one of the primary sources small businesses of every size use to access capital to fuel growth or […]
OnDeck loans are secured by a general lien on business assets, but are not dependent upon the value of specific assets—unlike traditional bank loans.
Technology is changing everything. From the way we make travel arrangements, shop at the department store, hail a cab—and even the way business owners apply for a small business […]
When most people think of a small business loan, they think of the traditional five- or 10-year term loans available from the bank, the credit union, or an SBA-guaranteed loan. When […]
A business line of credit can be a valuable tool for small businesses that take a strategic approach to making sure they have access to the resources they require to meet […]
Women-owned businesses are the fastest growing segment of entrepreneurs in the United States and account for roughly 40 percent of the small businesses in our country. And […]
If you’ve ever heard the phrase, cash flow is king, it’s talking about the working capital requirements of a small business. It’s not uncommon for businesses, large and […]
Although traditional business lending has rebounded since the start of the great recession, the recovery has not been as robust for the smallest small businesses […]
To understand equipment financing and leasing, it’s important to understand what is considered “equipment”. In terms of equipment financing, any tangible asset, other than […]
A merchant cash advance allows a business owner who accepts credit card payments or has other payment or receivables streams to obtain an advance of the funds regularly […]
Many businesses finance growth and meet short-term capital needs with a small business loan. There are times when fast access to additional capital is critical to taking advantage […]
For most small business owners the need to have a good personal credit score never goes away. Learn more about what what your personal score says about you and what lenders are looking for.
Non-profit lenders can be a good fit for very small businesses that can leverage smaller loan amounts to create a big impact—often at very low and sometimes no interest.
A strong business credit profile is the foundation of your business’ credit profile. It’s one of the first places lenders look to learn the details of your business. Here are 5 ways to build a solid profile.
What does your business credit profile say about your business? In addition to information about what’s included in your profile, here are five things you can do to improve it.
What is equity financing and does it make sense for my business? What types of equity financing is available and what businesses that have the most success?
If you’ve ever asked the question, “Why was my loan application denied?” Check out this list of answers and the actions you can take to improve the odds.
If you can turn that small amount of capital into a big result, a micro loan could be a good choice. Here’s what you need to know.
A restaurant loan could make sense to fund a growing restaurant. Here are three ways to know if a loan is right for your restaurant.
It’s not uncommon for a business to need short-term capital to meet business needs. Here’s what you need to know about temporary cash flow loans.
Small business loan payments, via a direct debit (or ACH payments) from the business’ bank account, are a popular way for many lenders, including online lenders, to take […]
Many small businesses access borrowed capital to fuel growth and fund many day-to-day operations. Here are 5 things you should know before you borrow.
Business credit cards are a popular way for small businesses to access credit. Here’s what you need to know to take advantage of a business credit card.
Most small business owners should expect to sign a personal guarantee when they apply for loan. Here’s what you need to know about how it works.
Although factoring is not a loan, it’s a popular way for small businesses to access short-term capital to fuel growth and other initiatives. Here’s what you need to know about how […]
Most businesses think of a term loan when they think of small business financing. If you’ve ever had a car loan or a home mortgage, you’ve had at least one type of term loan. The […]
There are more small business loan options available than ever before. What do you need to know about a small business loan online to make sure it’s right for your business?
An unsecured small business loan is a loan that requires no collateral but rather is based solely upon the creditworthiness of the small business borrower. While an unsecured small […]
Traditional lenders like banks usually require some form of collateral to secure a small business loan. What is collateral and is it always necessary?
Many businesses use financing to purchase inventory (salable goods) for their business. This is particularly true when opportunities arise to purchase quick-turnaround inventory […]
Entrepreneurs are often more confident about borrowing and investing in business growth during a roaring economy. However, business growth opportunities can present themselves, even during a weak economic cycle.
Content marketing has become an indispensable asset to many companies. In 2016, marketing teams in the U.S. spent $10 billion on content, while $40 billion was spent globally, estimates […]
The right digital marketing challenge can help your small business generate new customers and more sales. Here are three things to consider when mapping out your strategy.
Here are four things to consider when hiring a marketing specialist. Hiring the right person will help your business stay on top of the most effective marketing trends to help […]
Focusing on customer service and increasing the average life of a customer can really impact your business’ bottom line. Here are 4 strategies that will help you make customer service […]
Content marketing is telling your company’s story in a way that resonates with your customers and potential customers. Here are 3 tips to get you started.
For many reasons (particularly in regard to credit), business and personal don’t mix. Although many entrepreneurs capitalize their early-stage startups with personal funds—they might use their home equity, personal savings, or personal credit cards to get things off the ground
Canadian businesses owned by women contribute billions of dollars to our economy every year. The number of female-owned businesses has doubled in Canada over the past two decades. Yet women still face potential barriers when it comes to financing their operations, whether they’re looking for a
Most businesses are launched with dreams of future growth. But there are things start-ups and other early-stage businesses can do now to lay the groundwork and prepare for future growth. They can start by building a credit profile that will help them access borrowed capital when the time is right.
American small businesses are enjoying an overall positive uptick. As noted by Forbes, U.S SMBs entered 2016 with stronger sales growth, improved profitability and upward hiring trends. This […]
Many seasonal small businesses see a surge in traffic over the summer months. Their customers are eating out, traveling, investing in their homes with home and garden improvements, or […]
As summer starts to wind down and vacation season nears it’s end, it’s a great time to start thinking about the second half of the year, along with the strategies and tactics you’ll employ […]
I don’t think I’m alone when I suggest, that like many small business owners, I didn’t jump into business ownership because I was really excited about small business bookkeeping or […]
Small business owners come from different backgrounds and, many times, different skill sets. Regardless of whether your background is in sales, marketing, or a technical background […]
A documented operations manual is a good idea. Here are five reasons you should consider creating one for your small business.
Small and medium-sized businesses (SMBs) know how to stretch a dollar to make it go as far as possible. Whether you’re bootstrapping your business on your own or gearing up […]
The rate of small business failure is trending downward, Entrepreneur reports. Part of this trend stems from savvy business owners who do their homework before putting […]
Every business occasionally has a bad month or two. Bouncing back from a bad quarter can really make the difference in your business’ profitability. Here are 5 things to help […]
Locks are for honest people. At least that’s what my Dad used to say. In other words, he felt that under the right set of circumstances, nobody was immune to temptation. For example, he […]
Inventory management is one of the greatest challenges facing many small businesses. Here are 8 great ways to improve this crucial part of your business.
Growing up in a small business, from my earliest days driving the delivery truck, filling customer orders, or sweeping the warehouse floor, my dad ingrained in me, “We are all salespeople.” […]
In today’s mobile economy, workforces are increasingly deployed remotely, and sales teams are becoming increasingly virtual. By 2020, half of full-time employees are expected to […]
Despite global and local uncertainty, sales were up across the board in 2016, from food and retail to consumer holiday spending. And as noted by CMO, B2B spending is also on the rise as […]
There’s nothing really easy about being on the sales team. They need to convince new clients — often through cold calls — that your product or service is the best for them. It requires […]