A Line of Credit... Just in Case
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 […]
Summary: In today’s podcast episode, Stephen Halasnik and his guest Ken Boyd discuss 8 Financial Management Strategies to Increase Profits. A lot of people believe that sales and profits go hand in hand; however, they do not. It is about the profit one makes, not the sales that are generated. Financial Management Strategies to Help Increase Profitability 1. Cash […]
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 […]
It has been said that problems should not be seen as stop signs, but as guideposts instead. Therefore, if you are having cash flow problems for your business, a business line of credit may be the way out. In the life of a small business owner, every day is a challenge and problems are to […]
A decade ago, payroll financing and payroll funding weren’t even a known business term and now the name is synonymous with many business loan categories. Payroll financing and payroll funding is basically a business loan that really can be used for anything the business owner likes including, but not limited to, meeting payroll when a […]
Most small business owners only focus on cash flow when they’re in trouble, and can’t make payroll or pay an important bill. If the sudden coronavirus pandemic and ensuing economic crises taught us anything, it’s how crucial small business cash flow management is to a business’s survival. Even companies as large as the Denny’s restaurant […]
If you are reading this, you are probably considering getting a small business line of credit, or are interested in financing options for your business expenses. On the other hand, maybe you are just a person who is generally curious if you will qualify for a business line of credit or business credit card. Maybe […]
As a business owner, having to pay state and federal income taxes annually can pose as threat. If your business isn’t doing so well, and cashflow is down, coming up with money for your tax return can be overwhelming. If you find yourself in this situation, do not panic. There are specific tips and steps […]
Every day I get calls from business owners looking to get a business loan or a business line of credit. Sometimes they move forward with getting it in place with my company and other times they decide to shop around. In so many of these cases, the business owners haven’t ever applied with a bank […]
Collateral For Business Loans For small business owners, getting your hands on a business loan can be tricky. Working and negotiating with lenders can also be difficult without knowing where to start. When it comes to business financing and securing a loan, it is crucial to be aware of collateral and having sufficient funds for […]
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