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
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
When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key ingredients in determining whether you’ll be able to get … Continue reading
Government agencies, banks and consumer advocacy groups have been trying to find ways to clamp down on the predatory nature and proliferation of payday and title loan businesses. However, hiding in the shadows is another growing industry that is taking … Continue reading
Among the various financing options entrepreneurs can turn to when starting a new company is venture capital. Venture capital is money that is given to help build new startup firms that often are considered to have both high-growth and high-risk … Continue reading