Some business expenses are “extra”, small or easily cut out when things get tight – but payroll isn’t one of them. Payroll is one of the most consistent costs your business will have. Whether they work for you on a contract, part-time, or full-time, your team expects to be paid on time, every time.  Of course, slow seasons come and – as witnessed over this past year – markets can take a downward turn without warning. The next big question is how are you going to pay those essential expenses on time, keep things running smoothly and maintain productivity? One […]

At one point or another, every entrepreneur and established business owner faces the issue of funding. There is a long list of reasons why a company may need additional capital, from rapid growth and expansion needs to unexpected costs and new trends. The big question is, should they turn to a personal loan, or should they reach out to a business lender?  Some business owners shy away from traditional and alternative business loans because of the perceived risk, debt and interest involved. In reality, there are many advantages in using the right lending option for start-ups, small businesses, and large […]

Do a line of credit (LOC) and a credit card seem like apples and oranges to you? No need to worry. This article draws a parallel between these two options, as well as tells you about an exceptional business funding provider so you can make the right choice.  Line of Credit vs. Credit Card: Differences These 2 financing options mainly differ in the following: with an LOC, you get funds against a revolving credit line instead of a lump sum associated with a loan. As for a credit card, in this case, you purchase products/services and then pay off the […]

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 […]