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Buy or Lease: Which Way to Go When Seeking Business Equipment?

Should you buy or rent the business equipment? Well, opinions differ on which approach is best, but the decision is yours to make as the business owner. Many factors influence the decision to purchase or lease equipment; and entrepreneurs must never ignore these driving forces. That’s because each decision has its set of advantages and disadvantages. And some specific business situations may benefit from one approach than the other.  The Underlying Differences The key difference between purchasing and renting equipment is that the latter means temporary ownership which only lasts as long as the deal lives. Buying or purchasing, however, […]

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What Qualifies As a Woman-Owned Business?

Woman-owned businesses are one of the leading sources that fuel our nation’s economy. More than ever, the US economy is dependent on the labor and dedication of women entrepreneurs. They are launching and operating businesses at an astonishing rate, executing with a great level of proficiency and competence. The National Association of Women Business Owners states that there are 12.3 million businesses owned by women in the US. According to the Women’s Business Enterprise National Council, women-owned businesses generate $1.8 trillion every year.  Helpful Resources For Assistance As a business, you are always seeking ways to grow and expand. And […]

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Managing Cash Flow In Your Business

Anyone who has ventured into the great adventure of entrepreneurship can testify that funds can be incredibly tight, especially at the beginning stages of your business. Regardless of whether you have solid angel investors supporting you or are just bootstrapping it, you need to ensure that the management of your company’s finances are without equal.  If you have not trained yourself to carefully scrutinize expenses and have not prepared for unexpected costs, be sure that your company will not survive.  What Is Cash Flow Management? When you hear about cash flow management, what comes to mind? It’s essentially about taking […]

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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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What to do if Your Business Did Not Qualify For a Coronavirus Relief Loan

According to the National Federation of Independent Business, it is estimated that about 70% of small business owners have attempted to apply for the $350 billion Paycheck Protection Program or PPP. Those that did apply, 20% reported that their application for the loan had been approved and that those funds were deposited into their account on April 17. However, it was found that 80% were still waiting to hear on the status of the application.  About 50% of small business owners applied for the Economic Injury Disaster Loan Program or EIDL, which offers loans for disaster assistance. NFIB’s survey discovered […]

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Calculating PPP Loan Forgiveness and Applying

The Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) was passed into law on March 27, 2020. It was known as the secondary response to the devastating economic effects of COVID-19. This new law provided benefits to both individuals and small business owners nationwide.  One of its main components was the Paycheck Protection Program or PPP. This program offers loans that are forgivable for small business owners and to keep their employees on the payroll.  Guidelines For Loan Forgiveness In order for these loans to be “fully forgivable”, borrowers need to ensure that they do […]

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11 Ways to Ensure Successful Business Post-COVID-19

Are you interested in how you can successfully rebuild your small business after COVID-19? After all, economic activity has undergone massive changes, which have severely affected businesses worldwide. This article will help you with recovering your business post-COVID-19. Successful Business Post-COVID-19 COVID-19 has led to shifts in consumer behavior. The way people live and work has changed to an incredible degree. So, it’s no wonder that businesses are facing the outcomes of these changes and have the right strategy for the world after COVID-19. Apart from healthcare readiness, you should also: Focus on reinvention by paying more attention to digital […]

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7 Advantages of Using a Merchant Cash Advance

Working capital can make or break your business. After all, you need to manage inventories, take your business to the next level, and so on. A merchant cash advance (MCA) has become an extremely popular type of business financing among merchants in recent years and plays a special role in crashed economies. This article is about MCAs and the perks they offer. Merchant Cash Advance & Its Benefits MCAs are the preferred business financing option for many merchants. Be aware that an MCA isn’t a loan: it’s a sale. You just get upfront money in exchange for the sales you’re […]

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10 Tips to Strengthen Your Loan Application

Are you applying for a loan? Do you need to know how you can improve your loan application so to have more chances of getting approved? No need to worry. Just follow the lines below and you’ll know. How to Improve Your Loan Application Loans can play a vital role in meeting the financial shortages that prevent you from reaching your financial goals. Below, you can read how you can boost your chances of getting approved for merchant funding: Check your credit report. You can get it for free by just visiting AnnualCreditReport.com. In case you find any inaccurate information […]

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Ensuring Financial Stability Amidst COVID-19

The COVID-19 pandemic is inarguably the biggest trial the financial system has ever faced to date. This worldwide health crisis has produced an unparalleled “macroeconomic shock”, thrusting the global economy into a recession of an undetermined scale and period.  Because of COVID-19’s direct impact on businesses, there needs to be an aim to protect financial stability as well as its “liquidity”. In a time when the markets, operations, and revenue could be fast-changing, business owners must react rapidly to a change in cash and capital.  What You Can Do Now With the current COVID-19 crisis, you need to analyze what […]

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