The recession, as we call it, is a time of opportunity for some and a time of trial for others.  For the daring entrepreneur, it is an opportunity to start a business. For others, it is a time to wind down and take a break from entrepreneurship. And this makes sense because businesses cannot always get the resources they need to run operations and fuel growth. Most retailers don’t understand how a recession can be a good thing.  Yet it gives a business owner a chance to test their company’s strengths and weaknesses during difficult economic times. Why a Recession […]

Thinking about starting small biz? Well, it’s hard to ignore the financial commitment it brings. And because you can’t get anywhere without money, you must save some starting capital and gather what you need beforehand.  Here are some ways to save up and implement your idea. 4 Ways to Save the Money to Launch a Startup 1. Get a side hustle It’s normal to have a day job and start a business. But if you’re serious about starting a business, you need to be able to save money for the long haul. The best way to do that is by […]

Your business can’t function properly without payment processing. But small business payment processing is often associated with stress. How can you reduce this stress? Who can help you with proper merchant services? Staying Away from Payment Processing Stress Payment processing allows you to complete credit and debit card transactions. The payment processing company bridges your business with customers, card networks, and banks.  As a result, you enjoy the validity and smoothness of transactions.   The bad news is that payment processing can cause stress. How can you find the right payment processing services for your small business? What about reducing the […]

Everything today can feel complicated and costly as a small business owner. Trying to stay up-to-date on consumer preferences and industry trends is a lot. Add in improving processes and comparing options, it can go from complicated to overwhelming very quickly. One of the biggest decisions you have – and must maintain – is your payment processing solutions. In today’s market, the ability to accept credit cards, debit cards, and mobile payments have become non-negotiable. If you want to remain competitive, you have to give your customers multiple options.  But where do you start? Securing payment processing isn’t an easy […]

Running a small business is one of the most challenging and rewarding things you’ll ever do. It’s a unique combination of vision, obstacles, goals, and dreams. Even with the best idea on the market, the odds of success can still be daunting.  According to the latest information from the U.S. Bureau of Labor Statistics, one in five (18.4%) small businesses fail in the first year, and nearly half (49.7%) fail within the five-year mark. This is not meant as a discouragement to your venture, but rather friendly advice to help you avoid the common mistakes many of these business owners […]

Whether you’re opening up your first restaurant or wish to update your current dining area,  it can be challenging to access the funding to do so in time to hit your launch date. Luckily, there are plenty of financing options available to you.  Here are four financing alternatives to consider when looking to upgrade your restaurant. 4 Loans to Improve Your Restuarant 1. Working capital loans If you’re ready to open your restaurant, but need a little extra money for fixtures or inventory, a working capital loan might be right for you. Working capital loans are low-interest loans for small […]

Having a better understanding of what loan options you have can help you increase your chances of getting access to the capital you need for your business. Small business loans from a reputable alternative online lender are one of the main options to consider.  Small Business Loans for Women When lenders approve you for a loan, they take into account various factors, such as credit history, financial profile, what you’re going to spend the money on, and overall business goals. Where can you get business funding for women entrepreneurs?  1. Alternative Online Lenders Did you know that the highest approval […]

Long wait times, complicated contracts and services, and support that misses the mark; this is what many small business owners deal with when trying to secure financing. Banks can keep you waiting weeks or months to tell you that you’ve been denied funds in the end. The very next question is, where do I go from here? If you’re looking for funding, you’ll be glad to hear there are other ways to secure the funding you need. In fact, these alternatives often turn out to be better for many business owners. The following information should shed some light on why […]

The covid 19 pandemic changed the business environment, especially for small and medium scale merchants. Survival for most businesses depended solely on turning to e-commerce. However, finding lenders to facilitate this shift became a hurdle for many small businesses as traditional lenders opted to lend to big established companies. This article demonstrates new funding approaches that are changing the capital financing environment to give small business owners opportunities of growing their enterprises. Funding Approaches First is important to recognize the difference between funding and a loan. Generally, business loans require security to access and come with complicated conditions for the […]

Struggling with cash flow? You’re not alone. According to a survey from U.S. Bank, 82% of small businesses fail because of cash flow problems. Year after year, small business owners admit that cash flow is one of their tops – if not number one – challenges.  Maintaining cash flow is difficult when business is good, when the unexpected happens, it can feel nearly impossible. One of the most popular solutions for cash flow issues today is a merchant cash advance. If you’re unfamiliar, the following information will give you a glimpse of how this financing tool works, as well as […]