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 […]

It has been nearly sixth months since the COVID-19 pandemic swept the nation and created massive waves for the economy. The current crisis has created significant challenges for small business owners in particular. Even those that were thriving before the pandemic have felt the effects of limitations or sustained closure. As more and more small business owners wonder how they are going to pay their bills and cover payroll – or stay in business at all – most are having to turn to outside sources of funding. Many are also having to pivot to adhere to health and safety guidelines […]

Are you a small business owner seeking out additional funding? A merchant cash advance or MCA can be of great benefit to your business. This is especially fine for those who need quick business financing with little hassle. This article will tell you more about an MCA and where you can obtain it easily. How a Merchant Cash Advance Helps You Did you know that a merchant cash advance or MCA isn’t a loan? It’s just a sale. An MCA has become one of the most popular options of business funding for small business owners who’re in need of fast […]

The holiday shopping season doesn’t technically begin until Black Friday, so it’s never too early for you, as a retailer, to discover what new and exciting retail trends are waiting for you in the 2017 holiday season. Black Friday and Cyber Monday offer a huge business opportunity. Online shoppers spent about $3 billion on Black Friday weekend in 2016, including almost $1 billion in mobile sales alone. In 2017, the top 3 retail trends that will impact the holiday shopping season are: Shopping from home The mall as you once knew is gone Companies are focusing on customer senses to […]

Applying for business loans is one way to fix disturbing issues and keep operations running in your business. As an entrepreneur, having supplementary funding can help you move forward and set things straight in areas where you face challenges. However, it is wise to weigh different options when looking for lenders and financing options. While going for traditional banks may look like a feasible possibility, it is important to inquire the details of their loan options, application procedure and the overall process. Find out a few things a bank will not share with you when discussing a loan. On top […]

According to a US Bank study, 82% of businesses that fail appear in such situation because of cash flow problems. Cash flow problems aren’t something new for seasonal businesses since they have slow seasons with less money. 27% of businesses surveyed by the NSBA (National Small Business Association) report they weren’t able to receive the necessary funding they needed. According to those 1-in-4 businesses, the lack of funding prevented them from growing their business. This refers especially to women- and minority-owned businesses. So, how are you going to repay your business loan if you’re in a slow period? In such […]

Working capital is the lifeblood of every business, big or small. However, it isn’t always easy to know where to find it – or is it? Consider the following five truths about working capital. You might be pleasantly surprised to discover how simple it can be to find and secure working capital for your small business. Banks are not your only – or even best – solution Banks are rarely an effective solution for small businesses in need of financing. In reality, banks are routinely reducing the lines of credit they are willing to extend to small businesses. Even if […]

Receiving a rejection letter for a business loan you were counting on can be discouraging. Data from the Small Business Administration (SBA) reveals that nearly 50% of small business loan applications are rejected for a variety of reasons. Understanding the most common reasons banks decline loan applications can be useful for your own business endeavors. 1. You applied for the wrong loan product Some banks may specialize in a certain type of lending or industry. For example, a lender may choose to fund large corporations that reach a certain revenue threshold or carry a specific number of assets. Other banks […]

Whether you are a newbie in the business building process or an experienced entrepreneur launching into a new venture, one thing is for sure- startup capital is necessary. Business funding is usually one of the toughest stages for the new entrepreneur and the truth is not many pass this stage. One common misconception is that building a brick and mortar business (offline business) is tougher than bringing up a software company Well, sorry to burst your bubble but they both have their risks and intensities accrue to them. There are various ways to source for capital for your new business. […]

Working capital management is often misunderstood. It is not a task that takes place once, or even once in a while. It needs to be a continuous process that is closely managed to maintain the financial health of your company. What is working capital? Your business’ working capital is the funds it has immediately available to cover day-to-day business expenses. Assessing the state of working capital can be done by pulling out your business’ balance sheet. Working capital is also used by investors to assess your business’ financial health and liquidity (how easily assets can be sold to generate cash […]