A Line of Credit... Just in Case

COVID-19

Why Cash Flow Forecasting Is Key to Your Small Business Success

cash flow forcasting

Most business owners don’t realize how important cash flow forecasting is to their businesses until they realize their businesses may be in trouble—and short on cash. In a QuickBooks report, 61% of small business owners surveyed reported they regularly struggled with cash flow issues, and 32% said cash flow issues hindered their ability to pay […]

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The Difference Between a Balance Sheet and an Income Statement (video)

Difference Between a Balance Sheet and an Income Statement

Even if you have an accountant, every business owner should know the difference between a balance sheet and an income statement—that’s called smart money management. Actually, a business owner not only needs to understand the purpose of a balance sheet and small business income statement but also all the critical indicators of their business’s finances. […]

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Nonprofit Lenders for Nonprofit Organizations You Should Know About

nonprofit lenders

US lenders who service nonprofit organizations have always been challenging to find if you are a nonprofit. However, some nonprofit lenders have started to give 501c3’s the same business loans and business lines of credit that for-profit businesses have had for decades. What is now different is that these lenders are not the ones you […]

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How to Create a Donor Persona & Improve Your Nonprofit Marketing

nonprofit marketing

Donor personas are semi-fictional portrayals of the people you expect to donate to your nonprofit.  They allow you to personify your target market by creating a profile that includes a deeper level of demographic and psychographic details.  You can give your personas names and faces to help you really bring the personas to life and […]

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Things Nonprofits Should Know About Public and Product Liability

nonprofit liability

If you’re running a nonprofit business then the chances are you’re trying to do good in the world. All of your efforts, and the efforts of your employees, are pulling in a positive direction. In the eyes of the law, though, this doesn’t mean you don’t have the same responsibilities and liabilities as other businesses. […]

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How to Buy Equipment With a Business Line of Credit – Why It’s Better Than a Business Equipment Loan

Buy Equipment With a Business Line of Credit

It’s decision time: How should I purchase the equipment I need to run my business correctly—get a business loan or buy the equipment with a business line of credit? At some point, every business, large and small, has to acquire business equipment to operate—and few will have the adequate funding on hand to purchase that […]

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Advantages and Disadvantages of Factoring: From My Personal Experience

Factoring

Over the past 25 years, I have built 6 companies in the $5 million to $25 million in revenue range with two of them making the INC 500 fastest-growing list. An outsider might think I self-financed all those companies, but the reality is that I used Factoring and business lines of credit to get me […]

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Small Business Success Strategies During the COVID-19 Pandemic (Video)

Covid 19 business operations

Even with the relief funding from cities, states, and the federal government, small businesses continue to struggle because of the coronavirus. While optimism is high that vaccines and social distancing efforts will bring business back to something resembling normalcy, small business owners still need to form smart business success strategies during the COVID-19 pandemic. From […]

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Is Your Business Looking for a Low Interest Line of Credit to Help Cash Flow?

Where Can You Turn for a Low Interest Line of Credit?

Having low expectations doesn’t always mean you are willing to accept anything. Sometimes, low is good, such as when you are looking for a low-interest line of credit to help your small business cash flow management. In business, we often emphasize the highs, like high profits or a high-performing product. Still, there are times when […]

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