The Top 3 Reasons Companies Apply for a Business Loan

American businesses don’t take debt lightly. According to the Federal Reserve Bank of New York, 76 percent of all firms used personal funds to face financial challenges. Only 44 percent took out additional debt to overcome financial difficulties; 43 percent opted to downsize and 44 percent were forced into making a late payment. What are the…

The Difference between Secured and Unsecured Business Loans

If your small business needs more cash than can be supplied through business credit lines or personal credit cards, it may be necessary to finance expenses through a loan. As with any form of financing, debt structure and payment schedule will depend on the bank, the individual’s credit history and their relationship with the lender….

Why you should utilize your business loan for cash flow needs

Running a small business can be an unpredictable job. There will be times that you experience unexpected highs and lows, especially when it comes to your finances. Having enough small business cash flow can make a difference during times when your sales are at a lull, or have an unforeseen need. Without an appropriate amount…

How to Start a Business While Paying Back Student Loans

         If you have ever dreamed of or began the process of starting a business, you know how daunting it can seem. No matter what industry or niche you’re going into, the concept of turning your idea into a profitable and sustainable business takes a lot of time and serious effort. That’s…

How to build business credit and improve your poor credit

Last month, we shared a few strategies on how businesses can receive additional working capital with poor credit. Although some lenders will be lenient about your credit score, don’t you want to improve it anyways? In this post, we’re going to offer some credit score tips, so that you can work on raising that credit…

How to improve your business this spring

Say goodbye to winter weather, Spring Equinox is here! You’ve probably heard about the tradition of ‘spring cleaning.’ That doesn’t just hold true for giving your home some much needed attention. Your small business can benefit from a spring cleaning, too! While scrubbing the floors and organizing papers is a great way to start, use…

Marketing Tip of the Month: Developing a content marketing strategy

It’s becoming more and more common for small businesses to develop a content marketing strategy. If marketing isn’t your strong suit, you may not realize how producing original content for your business could boost your bottom line. Having a strong content marketing strategy can help you recruit new customers, educate existing clients and set your…

Small Business Regulations to Know About in 2017 under new President

The election of Donald Trump and the Republican majorities in both houses of Congress has created an air of uncertainty regarding small business regulations in 2017. On February 24, the president issued an executive order requiring agencies to review and repeal all regulations considered “burdensome” to the economy. Take for example the Fair Labor Standards…

5 tips for running a family business

Running a family business can have its ups and downs. While it can be constructive to work with people you know and trust, it can also present conflicts of interest. Many small businesses across the nation are family owned, and most of these businesses are able to thrive. In this post, we’ll offer tips on…

7 Finance Goals for Small Business Owners in 2017

  Making New Year’s resolutions may be a bit of a cliché, but there’s no question that setting goals is one of the best ways to drive results. As you look to build on your success in 2017, here are seven financial goals to move to the top of your list. 1. Update Your Bookkeeping…

5 small business challenges and how working capital helps

Running a small business isn’t for the weak! You’re responsible for managing finances, hiring and overseeing employees, providing quality customer service and ensuring the productivity and quality of all areas of your business. With so much responsibility, small business challenges will arise, and many of them require additional financing in order to be resolved. That’s…