A Line of Credit... Just in Case
Small business owners were optimistic heading into 2022. Even so, money remains a considerable concern after two years of the pandemic. According to the Small Business Index, a report compiled by the U.S. Chamber of Commerce and MetLife, 34% of small business owners reported revenue as their top challenge, along with other concerns such as […]
When a small business needs money to cover everyday operations, they have a few options, including a working capital demand loan and a business line of credit they can turn to. What is Working Capital? Working capital is officially the difference between a business’s current assets (such as cash, accounts receivables, and inventory) and its […]
People often have many questions about small business lines of credit. Check out the answers to five frequently asked questions about small business lines of credit. 1) How and Where Can I Get a Business Line of Credit? Before applying for a small business line of credit with a local or commercial bank, gather the […]
A business line of credit can help you grow your business in various ways. No small business owner can survive the rollercoaster of owning a company without adequate funding. When money is needed right away, a small business loan usually takes too long to get. Alternately, securing a line of credit is a much quicker […]
For small business owners to thrive, having adequate cash flow is crucial, but having access to funds from a small business line of credit can be almost as critical. While traditional bank loans are subject to credit approval and can often take weeks or months to get funded, a small business line of credit can […]
Every business runs short of working capital at some point in its lifetime; consequently, every business owner should know how to obtain a working capital loan. Just like a personal loan can help consumers make ends meet, a business working capital loan allows companies to cover daily operating expenses and short-term expenses such as rent, […]
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 […]
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 […]
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