Monitoring and maintaining cash flow is an essential part of running a thriving business. Unpaid invoices and bad debts can lead to a business’s downfall. You need money to maintain operations, replenish stocks, and so on. A slight delay in… Read More »Are Unpaid Invoices & Customer Debts Slowing You Down?
A good credit score is a pivotal factor for businesses that want to acquire loans. Most businesses usually need additional funds to invest, thrive, and expand their reach. During such times, your credit rating may determine the lender’s decision. What… Read More »The Consequences of a Bad Credit Score to Your Business
According to a 2019 Small Business Credit Survey conducted by the Federal Reserve Banks, 70% of small employer firms had outstanding debt last year – and then 2020 rolled in. Due to the changes that have taken place over recent… Read More »A Step-by-Step Plan for Restructuring Your Business Debt
The pandemic came as a shock to everyone. It was swift, and the changes to how things are done – personal and business – have been hard to keep up with. To stay afloat, businesses across the globe have had… Read More »5 Tips for Choosing the Best Remote Collaboration Tools for Your Team
Each year, over 627,000 new businesses are opened by eager entrepreneurs with big hopes and dreams for the future. While their reasons for taking this leap may vary, they all share at least one thing in common: a desire for… Read More »4 Tips for Understanding Your New Business’ Finances
When you’re on the path to becoming a business owner, it’s easy to get overwhelmed with the flood of financial information you receive and research. You might have heard terms like cash flow, APR and cost of debt. But what… Read More »Everything You Need to Know About Calculating Cost of Debt
Are you a new business owner who has yet to establish business credit? If so, don’t worry! Yes, it can take some time to build a stellar credit score. But it is possible to build both a successful business and… Read More »How to Build Business Credit, and Why You Need It
Tough times come and go. Of course, you want your business to be permanent and strong. To muscle through uncertainty and economic downturns, your business will need to adopt and maintain solid money management. If you find handling cash flow… Read More »5 Money Management Tips to Keep Your Business Afloat
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… Read More »Calculating PPP Loan Forgiveness and Applying
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… Read More »Ensuring Financial Stability Amidst COVID-19
