How will your business adapt to the challenges of 2021? Here are some tips to help you start preparing now for a more successful year.
As a business owner, you have to be obsessive about the amount of money your company is making. Ideally, your profit margin will be high, meaning you earn far more than you spend, which is known as positive cash flow. It can make a significant difference in your operational capabilities.
With Joe Biden assuming the presidency next January, you might be wondering how the political shift will impact your business, here’s what you need to know.
As a small business owner, you have many challenges to face every day. One of the most significant is ensuring that your company is financially stable. Unfortunately, while you may recognize the importance of being profitable, the current climate has made it increasingly challenging to navigate the marketplace. For many businesses that have previously tightened the belt during difficult times, borrowing to move through to better times has become a necessity, but not all loans are the same.
Getting financing for your business is one of the most crucial ways to stay afloat. However, working with traditional banks and lenders can be challenging, particularly if your company is new. Instead, it is far better to work with a certified commercial loan broker.
No matter what kind of business you have, chances are that you rely on equipment to serve your customers. Whether it’s managing a fleet of vehicles to deliver products or services, high-end machinery or restaurant equipment, these items can make or break your bottom line.
In this article, we are going to look at the current state of alternative lending. Why it has become vital, and where is the industry headed in the near future?
As a small business owner, sometimes it seems like you have the weight of the world on your shoulders. You have decisions to make about every single aspect of your company, and each one can eventually make or break the future of your business.
Not all small business loans are created equal. If you start to shop around before you know exactly what you’re looking for, you could make the mistake of paying too much for the wrong loan with the wrong rates. Here’s what you need to know the next time you’re looking for lenders
As COVID – 19 continues its spread throughout the country, many businesses are struggling to stay afloat. Even with lock-downs easing and states reopening, the path forward is uncertain. Unfortunately, most entrepreneurs cannot afford to wait much longer for business to resume as usual, which means they have to get a quick influx of cash, but how?
Case studies are a great way for entrepreneurs to take in lessons learned from previous business endeavors. When used well, a good case study helps you to evaluate opportunities and risks, then apply those lessons to your own business practice.
Owning your own building comes with unique benefits, including tax deductions and the opportunity to rent space to other businesses. While it may seem like a difficult and complex process, getting a loan is simple when you work with a loan broker. Learn what you need to do to get a real estate loan to purchase your own building and how working with a loan broker can help you find the right financing.
As a small business owner, you have to manage everything related to your sales and operations. However, when talking about growth or expansion, are you doing the best thing for your company?
Even though taking out a business is a common practice, over 80 percent of loan applications are declined for a variety of reasons. If it’s the PPP, you are seeking but you have been denied, we have some tricks and tips to help you out.
Economies are constantly going through phases. Bubbles burst, policies change and natural disasters strike, but the laws of supply and demand never change. Different situations make adaptation necessary, the current pandemic being the most relevant example, but as...
The current economic shutdown could have permanent effects on small businesses that don’t have the necessary assistance. The following are organizations that are working towards ensuring the survival of small business.
While the world has been in crisis due to the sudden onset of coronavirus, small business owners have been concerned they will be left behind in relief efforts. To date, a package has been passed that includes paycheck protection and loan forgiveness for impacted businesses.
Federal disaster loans for working capital are being made available to small businesses in certain states that are suffering substantial economic loss as a result of the COVID-19 coronavirus.
Entrepreneurs that are growing their businesses often find that they require a commercial real estate loan to purchase an existing property or to access permanent financing on recent construction. Owning your own building comes with unique benefits, including tax...
When starting a business, one of the most significant challenges can be raising capital. Whether you’re trying to turn your idea into a reality or you’re hoping to infuse your current enterprise with cash, a small business loan can be a viable option over bringing on outside investors, selling property, taking a loan against personal assets or other means of raising capital.