Having a healthy cash flow is imperative to successful business operations, but sometimes there are normal fluctuations that limit the consistency of that cash flow. Businesses that deal in particular industries, such as consulting, realty and contract work can experience the ups and downs of seasonal work or be stuck for revenue while waiting for clients to settle their bills with you.  Consistent cash flow can also be an issue for start-up companies that are still establishing a clientele and diversifying their services to stabilize revenue. Even if the company has a million-dollar idea and is making money on paper, […]

If you’re a small business, a line of credit can be the right option for you as you can use it to fund a variety of business needs. A small business line of credit can help you build a credit history for future financing and have a great deal of flexibility, which can’t be said about other financing options. Moreover, thanks to this type of financing, you can access your credit whenever needed, pay down the balance as your cash flow permits, and use it again and again. It’s important to note that traditional lenders may refuse to extend loans […]