5 Reasons Not to Apply for a Bank Loan

As a business owner, you understand how critical financing can be during the early stages of starting and growing your business. Unless you’re able to raise capital from other sources, you’ll likely require a loan to keep operations going or purchase assets. most banks offer loans to small business owners, you may not qualify, especially…

How to Get a Line of Credit as a New Business Owner

As an aspiring business owner, you may have heard that a business line of credit is useful for budding ventures. Also known as revolving credit, credit lines are essentially arrangements with a lender that allows you to borrow up to a set credit limit as needed. This differs from a traditional term loan, in which you borrow a…

What to Do if You Have Bad Credit and Can’t Get a Business Loan

Bad credit can plague any business owner. Perhaps you forget to pay a bill, or your business is low on cash. Before you know it, these issues have lowered your credit score, and you’re your business in a challenging financial situation. Regardless, having bad credit is a serious threat to businesses and may prevent you…

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….

Creating-a-worklife-balance-as-a-business-owner Creating a work life balance as a business owner

Running a business has many challenges. From finding skilled staff to keeping up with consumer demands and industry changes, it can be extremely hectic trying to maintain successful operations. Often, because of how busy you become as a business owner, you likely let work trickle into your personal time, which leaves little room for a…

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…

5 business time management tips for entrepreneurs

Being a small business owner requires you to multi-task. While we commend business owners who try and do it all, it is important to follow business time management strategies. This will allow you to be a better leader, generate more sales and feel less stressed. In this post, we’ve included insights from published expert, speaker, and…

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…