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 […]
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 […]
Article summary: As much as commercial banks, the press and the government talk about it, you would think that getting small business loans for women is more difficult. The truth is that it isn’t much different than it is for men. It still comes down to your existing revenue and profit plus having collateral to […]
Article summary: A business line of credit is often the first tool a company turns to for emergency payroll funding. With Financing Solutions a business owner or a nonprofit executive director can have their line in place in 48-72 hours allowing you to fund payroll when cash flow is down. Why Payroll Funding is More […]