A Line of Credit... Just in Case
When you own a small business, it is important to know how to find inexpensive labor and cheaper ways to reach customers. It may also be crucial to find some inexpensive factoring options. Factoring can be very helpful but you don’t want to make your financial situation worse by choosing the wrong company. Therefore, knowing […]
Article summary: Your operating working capital is how you make payroll, purchase supplies and handle your daily operations. With so much at stake, it’s no wonder companies like yours are always seeking to improve this number. There are several simple ways to do this. Learn what they are so you can find what works best […]
Article summary: The need to have access to quick business capital is universal for all businesses and for many the answer is a revolving credit line. If you need to know more about this business tool and how it may work for your company, read on. The Basics of a Revolving Credit Line A revolving […]
Article summary: Many people think there is no need for business loans for nonprofit organizations. On the contrary, nonprofits have revenue, payroll and expenses just like for profit businesses. However, commercial banks are no longer your only source for this type of funding. It’s important to know where to go, what terms you can expect, […]
When is the best time to actually start looking for a new business? The answer always comes down to one answer: NOW. Author, Stephen Halasnik is a serial entrepreneur having built 7 successful businesses in the $5-$20 million revenue per year range over the last 25 years.
Article Summary: For a flexible financing option, nothing beats a small business line of credit. Various lenders offer this funding, so it’s important to know what you can expect and which is best for the unique needs of your business. Why the Old Ways of Getting a Small Business Line of Credit Won’t Work It […]
Article summary: If you are asking, “What can I do when my business needs money fast?” it doesn’t mean that your business isn’t a good one. In most cases, it’s simply a situation where things got ahead of you or you are hit with an expense you did not budget for. And you are not […]
Article summary: The first thing you should know is that there really is no such thing as payroll factoring. However, the most common reason small business owners use factoring (which is a form of financing where one sells their receivables) is so they can make payroll. It’s important to learn about this business tool, as […]
A business line of credit is one of the best tools a business owner or nonprofit director can have. This video covers what a business line of credit is and how it should be used.
Article summary: If you don’t want to ask someone, “What is a credit line?” because you are embarrassed, then let us help educate you. A credit line for a business or nonprofit is a finance product you can get from a commercial bank or a private lender like Financing Solutions. It allows you to borrow […]