A Line of Credit... Just in Case
Every small business owner that has been in business long enough will eventually run into a cash flow issue requiring a small business line of credit. Just like running a business is learned over time, learning what a bank or alternative lender will look for to approve your small business line of credit will also […]
Getting an unsecured business loan has always been the holy grail of building a business. Over the last few years, unsecured business loans have become much more common but it isn’t traditional banks that have led the way but other alternative lenders. If you are looking to a traditional bank for an unsecured business loan […]
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 cash […]
Very often building a business is auto-didactic (self-taught). Along those lines of thinking, so is understanding the small business loan requirements of all business financing institutions. Knowing what they will likely ask in the approval process of a small business loan or a business line of credit will be important. At each step of the […]
Almost every small business owner wants a working capital line of credit and if you don’t now, you likely will. You haven’t been challenged as a business owner if you haven’t had a cash flow problem which has lead to potentially missing payroll or another business emergency. In this article, we are going to cover […]
Between a line of credit and a loan, there exists a particular kind of credit vehicle known as a working capital demand loan. Combining aspects of both credit lines and loans, this method of financing utilizes the strengths of each to deliver a flexible and low-cost way for businesses to fund working capital requirements during temporary periods of low revenue or unexpected shortfalls in their working capital accounts.
Business credit can be the difference between a smoothly-run operation and a waking nightmare. Contrary to the naysayers, credit is, in fact, a powerful tool necessary for the proper operations of most small and medium-sized businesses. It allows for the prompt payment of bills and expenses, helps deal with emergent and unexpected situations, and generally makes one’s financial life significantly easier.
If you are paying your employees on a biweekly basis and you have 3 payroll periods in a month, it can catch a business owner or nonprofit executive director by surprise. There are some immediate and long term solutions to make sure you can make payroll.
Article summary: It is possible to get a HELOC as a way to raise business capital for your company. Still, you should know that there are advantages and disadvantages of using a HELOC, home equity line of credit, for your business. Highlights How will your spouse and family be impacted by this decision? Getting […]
What is often overlooked is how can a company do more with the existing leads they already have. It starts by understanding every Phase of Your Lead Generation Process.
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