Small Business Budget Planning
Whether you use a small business budget software tool to track and project expenses, or establish a template-based spreadsheet that you’ll update monthly, your small business budget can act as a strategic plan, of sorts, that manages risk and makes you a more informed business owner. When you budget consistently, you’re empowered to forecast upcoming […]
Choose an Online Finance Company With Three Simple Questions
Choosing a finance company for your business may feel overwhelming amid the sea of options that now exist online and via traditional financial institutions, but it’s also one of the most important business decisions you’ll make when your goal is to find a financial partner that’s committed to supporting your business’ financial health, and ability […]
5 Questions To Ask Before Submitting Your Small Business Financing Application
Applying for small business funding is an important first step in taking your business to the next level. Despite the value small business funding can provide, it’s important to understand the commitment you’re potentially entering, provided that your small business financial application is approved. Here are five essential questions to ask before applying for small […]
Financial Jargon Guide: Business Funding Terms
Understanding business funding language and financial jargon can mean the difference between securing a financial solution that’s perfectly designed to help you reach your business needs and goals or taking on more financial risks/costs than you intend. While the breadth of funding solutions that now exist from traditional financial institutions, government sources and alternative financial […]
Owning A Franchise: Is It Financially Right For You?
Owning a franchise can eliminate some of the common financial challenges that come with starting a business, including how to predict customer demand, sales cycles, or develop a sense of brand awareness. But, owning a franchise may also require a significant upfront investment to secure rights to a specific geographic area associated with a franchise […]
How To Manage Social Media For Your Small Business
Using social media for small business marketing is a cost-efficient — and, in some cases, free — opportunity entrepreneurs can harness to form a deeper connection with existing customers, reach new prospects, and conduct targeted paid and unpaid campaigns that will help your promotions, blog posts and other messages reach the audience you intend. Since […]
5 Common Credit Blunders New Business Owners Make
The new business credit mistakes you make now could haunt (and cost) you for years to come. While it’s important to proactively work to build your small business’s credit, it’s equally important that you understand the right ways to go about it. Try these simple tips to avoid mistakes with new business credit. Credit Mistake […]
The Myths And Facts About Merchant Cash Advances
Merchant cash advances (MCA) can be a convenient way to access the working capital your small business needs, without requiring that you sacrifice your cash flow, or the sense of financial security that comes with it.Despite that, there are many common merchant cash advance myths that swirl in the business and financial communities that may […]
How To Leverage The Advantages Of Equipment Financing In Your Business
At some point in your business’s life cycle, you may need to invest in pricey equipment to ensure that it’s competitive. Yet, few small businesses have the cash flow to pay for such big-ticket needs out of pocket. Equipment financing is designed to make those large but necessary purchases more financially feasible for small businesses.Here’s […]
How To Build Credit For Your Small Business
How To Build Credit For Your Small Business Establishing business credit is a process that requires time, patience and some proactive strategy. Despite that it’s not always possible to build business credit fast, it’s an important goal to work toward; simply so you can have more choices over your small business funding options, and the […]
4 Online Financial Management Tools for Your Small Business
To many small business owners, managing finances can often seem like another full-time job. On one side there are various aspects of small business financing, whether it’s through online business lending or a merchant cash advance or a small business loan. On the other side, there are major tasks like accounting, bookkeeping, invoicing and payroll […]
5 Best Practices to Help Manage Your Small Business Cash Flow
Cash flow is not only the lifeblood for your business; it’s absolutely essential for its viability and growth. According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow problems. Unfortunately, more often than not, small businesses will encounter issues with their cash flow. Whether it’s due […]
How to Thrive as a Small Business Owner While in School
According to a recent study, 89% of the general population believes that college is a good investment, even though it has become increasingly expensive. Furthermore, a whopping 94% of parents expect their child to attend college. The college-going trend has frequently been that students would graduate high school and immediately attend college. However, we have […]
7 Industries That Can Benefit From Equipment Loans | Lendr
Working capital is often a necessary piece of any industrial business, especially those that require large equipment and machinery in order to perform and potentially expand. In fact, according to a study by Forbes, over 19% of businesses are looking for working capital specifically for equipment. With banks still facing considerable setbacks during the recovery […]
10 Ways You Can Use a Small Business Loan | Lendr
Small business loans can be be used in a variety of ways, and they can come from unconventional sources. In fact, now more than ever, it’s common to receive small business loans from a third party lender, over a traditional bank, due to tightened regulations and the availability of funds at banks following the 2008 […]
5 Things Banks Won’t Tell You About Small Business Loans
Since the 2008 financial crisis, small business owners have been severely hampered in securing bank loans. Decreasing sales, weakened collateral and risk aversion all created a perfect storm in the world of lending. More than five years later, the storm isn’t over. Despite the perseverance of small businesses during the recovery time, banks remain more […]
What You Need to Know About Online Lending | Lendr
Online lending is trending to become a critical component for the survival of small businesses. At some point or another, a business requires start up funds, quick cash flow relief, or finances for business equipment and growth. Access to capital is the fuel that drives an industry that is so pivotal in the economy. According […]
A Beginner’s Guide to Merchant Cash Advances
Merchant cash advances aren’t loans. They’re a quick, easy way to fund your business without collateral and little paperwork involved. It’s a method of financing where the business owner agrees to sell future receivables at a discounted rate and, because it’s not attached to collateral, cash advances are not tied to any personal or business […]
4 Online Tools and Resources for Small Business Operations
In a previous blog, we listed our top four financial management tools for your small business, in which we provided our most highly recommended online softwares and platforms that can help you manage your business’ finances. In this blog, we’d like to provide our list of four online tools and resources that can help you […]
A Guide to Small Business Financing
Life doesn’t ever follow a strict plan, and sometimes you find yourself needing a helping hand. The small business financing industry has grown rapidly over the past years and entrepreneurs have multiple types of business financing options available to choose from. Whether businesses are looking for working capital, to replace equipment or to pay their […]
