Tax reform has been on the minds of everyone recently. During a late August speech in Springfield Missouri, President Trump began his drive to change the tax code. The speech, which touched on many of his core campaign promises, discussed … Continue reading
Companies new and old often face this rejection, and it may feel like a death toll. But understanding why an application was rejected may help prep to fix the problems and allow the business to obtain financing in the near future. Continue reading
A recent study by Fundera, a small business lending platform, found that around 80% of small business owners have never visited their local Small Business Association. This an abnormally high number, especially when considering the benefits of maintaining a connection … Continue reading
The decision to lease or own the location a business is located in is one of the most important that many small businesses experience as they grow. There is a myriad of factors that can cause confusion in addition to … Continue reading
You were counting on that small business loan to help your business grow, but the bank said “no.” If it makes you feel any better, you’re not alone. Over the last couple of years, large banks have been reducing the … Continue reading
Unless your business idea is so revolutionary that literally no one has done it before, you’re going to face competition. And that’s a good thing! Competition encourages us to constantly improve and do what it takes to be the best. … Continue reading
Purchase order financing helps businesses that need cash to fulfill product orders by paying your supplier for the manufacturing and transportation of goods up front, before you receive payment from your customers. The funds cannot be used for anything other … Continue reading
When you’re considering a loan to take your business to the next level, you, like many entrepreneurs, may think first of your local bank. That makes good sense, given the relationship you may already have with them, and their knowledge … Continue reading
Just about every small business finds itself in a cash crunch from time to time. In fact, in 2015, small U.S. businesses borrowed almost $1.2 trillion, and in the last twelve months, 73 percent of small businesses used financing, according … Continue reading
It’s no secret that starting a business has a big laundry list of items that need to be tackled. From tasks such as developing your business idea, choosing and registering a business name, deciding on a legal structure, preparing your … Continue reading