Category Archives for Educational

Is There An Alternative For Small Businesses Financing

Is there Alternative Financing for Small Businesses?

Banks aren’t the only ones lending out money to small businesses If you already contacted your business banker, you might already be aware of the bank requirements if you want a working capital loan from them. Traditionally banks are looking for businesses that have a history of good credit from the business owners. If the business has multiple owners, and they own more than 20% share of the company, the bank will require those owners to be on the loan. Read More


Is Merchant Funding Right For You?

Tight on cash? We have a solution! Merchant funding, also known as business cash advance or merchant cash advance is a fast and simple way of obtaining working capital for your business. This type of financial tool is typically not viewed as a loan. You are selling your future credit card receivables at a discount for a set dollar amount. So as your customers pay with credit cards, there will be a small percentage of each transaction deducted to pay Read More


Bank Requirements For Working Capital Loans

Do you qualify for a business loan from your bank? We were curious to see how simple or difficult it would be to get a working capital loan from some of the major banks. Instead of just calling one bank, we decided to call five of the largest banks to see the differences between them all. We used the same scenario with all the banks. Here’s the business loan scenario we used: We had 5 different people all call s Read More


Can Your Customers Find You?

  It might be hard to believe, but the simplest forms of advertising can result in business. Having a small business is time consuming, from collecting payments, shipping out items, ordering inventory, paying bills, figuring out advertising, the small business owner is definitely responsible for multiple items. So it’s no surprise that some things might have been overseen. Most of the time when we are talking about advertising it has dollar bill signs in the conversation. But not today! No Read More


Starting a New Business With a Smaller Budget?

I guess depending on what industry you are in, will depend on the type of equipment, staff, supplies and space needed for your new business.  But let’s start with one of the larger expenses and commitments, which would be your location.  If you can start your business from your home or place of residence, you will not only save on rent, but you will relieve yourself from the commitment for the office lease.  Most office leases these days are anywhere Read More


5 Steps To Starting A New Business

starting a new business

Are you expecting a tax refund? Why not take that refund and start your home business!   It’s not as expensive as you may think. Invest in yourself and in your future.  Have you been yearning to start a home business to secure your future? Now couldn’t be a better time!  We have created some simple action items on what you should do if you’re interested in starting a new business. 1.  Research your market:  I know it’s more fun Read More


Business Cash Advance vs Small Business Loan

What are the main differences between business cash advance and a small business loan? Let’s start off with what is a Business Cash Advance.  Business Cash Advance is also known as “merchant cash advance” or “merchant funding”, it is a tool used by businesses who currently is accepting credit card payments.  Your business will need to have historical credit card processing for this type of loan program. Typically small business loans are 50% less expensive than a business cash advance Read More


Do You Know Your Credit Score

It’s been told many times, take good care of your credit, I’m sure you have either heard this from your parents, friends, colleagues or the media.  As you already probably know, we are a credit driven society and your credit is your future wealth. What do I mean by this? Without credit, it may be more difficult or impossible for you to achieve assets or the ability to grow your net worth. Now I’m not saying if you have no Read More


Shopping For A Small Business Loan? Who’s The Right Fit For You?

shopping cart with loan papers in it

Are you in the market for a Small Business Loan? Some business owners may not be aware of all the financial products that are available to them, and some might not know the differences between some of them.  In this post, we will go over briefly the different types of financing, and the differences between them so you will be able to determine which one is best for your company. Personal Credit Cards Let’s start with the most common way Read More


Is the Lack of Technology in Your Company Costing You Money?

business cash advance

Adding technology to your business might increase your revenue!  I know there are still many business owners out there that shy away from technology.  It could be for many reasons: *  It costs too much *  Fear of learning something new *  Don’t have the time to learn *  Might ruin the work flow and in return lose money There is one reason why you should look past all those excuses, it’s costing your company money.  Yes, thats right the Read More