The industry of lending money to businesses is booming. We see it every week on Shark Tank - investors investing in businesses or sometimes just offering them a loan (which must be paid back) so the businesses can scale and get to the next level. Loans are often needed to purchase more inventory, to...
There has been a lot of talk about how hard it is for small business owners to get funding, and perhaps you have experienced this firsthand for yourself. With a good business credit score, you have access to loans which opens up a world of possibilities, from updating equipment and technology to expanding into...
The right loan can help a small business afford a special piece of equipment, take on a great new hire, restock its inventory for a big order, or keep the lights on in between customer payments. But first deciding if you even need a loan, and then finding the right loan can be pretty...
Business owners or startups seeking loans to fund their ventures can become frustrated when banks and traditional lenders turn them down. If you have poor credit, it can be very difficult to obtain traditional loans. Don’t panic. Studies show that only about 25 percent of a business’ credit comes from credit cards or loans. The...
[content field="callout1" format="true" class="calloutwide"]In the past ten years, large banks have started lending less to growing businesses, as reported by the Wall Street Journal. These cut backs on funding have effected small businesses drastically. Lines of credit and loans are a necessary part of growing one's business. These lines of credit help with expansion, fulfilling...
[content field="callout1" format="true" class="calloutwide"]This is the year: You’ve decided that 2015 will be a breakout year for your small business. Your local economy looks good, and interest in your products or services is rising. You know that you’re going to need some additional financing to make it happen. What you might not know is...
[content field="callout1" format="true" class="calloutwide"] Last month, in the first post of the series on Cash Flow, I shared some important lessons I learned about finance by playing the game Monopoly. This month, I want to conclude the two-part series by sharing how to take charge of your bank and four strategies I've found can help...
