Streamline Your Small Business Finances Are you starting a new business and are not sure how to get your company finances in order? Do you own an established business and need to streamline your processes? Knowing what changes to make and using the right technology can make all the difference when keeping track of your small business’ information. As a small business owner, your time is limited. Paying attention to the following details and utilizing the tools below will help you significantly streamline your money habits, so you can focus on your business goals more and your bank statements less. […]

The last 5 years have brought a 20% annual growth for the merchant cash advance (MCA) industry. Some companies go for merchant cash advances, while others choose invoice factoring. This article will draw a parallel between these 2 types of business financing. So, let’s go. Merchant Cash Advances A merchant cash advance (MCA) is also called a business cash advance. This is an alternative business financing option that’s not a loan. With an MCA, you get a lump sum of money in exchange for a certain amount of the future credit card sales of your business. You must pay back […]

As a rule, scammers target smaller businesses instead of larger ones. Small businesses don’t have as many resources to fight fraud as big ones. This article is about the common scams that you, as a small business owner, should avoid. Also, it’s about a reliable and cheap small business loan you need to grow your company. Small Business Loan & Scams Scammers are getting more and more sophisticated day by day. They’re getting better at finding ways to hack businesses. Theft, financial statement fraud, and misuse of assets… Let’s go through the common types of small business scams you should […]

There comes a time in every new and seasoned business owner’s journey where they will need to take out a business loan.  Whether it would be to invest in new equipment, to purchase real estate for their expansion, or to increase their capital to handle their everyday operations, something will always be needed. The reality is that a little financial boost goes a long way in helping support business owners with growing pains, financial hiccups, and other challenges that are sure to come on their entrepreneurial journey. Historically, small businesses were denied bank loans 80% of the time. Especially since […]

How do you get hands on a small business loan without hassling from lender to lender? Your ability to pay back is key! Banks are more interested in your capacity to settle a loan than anything else. Here’s what they go through: Bank statements Business assets Debt utilization Practicality of your business plan Financial statements Business and Personal Credit Scores Your loan requests are not bearing fruits because the lender is not able to easily determine your creditworthiness. Make sure all the information you provide is accurate. Double-check from the most seemingly basic info like your name, phone number, tax […]

In February, 2019, KrebsOnSecurity contacted Buca di Beppo, an Italian restaurant chain, after revealing that the company’s customers’ 2 million card numbers could be found on the black market. Do you need additional business funding such as a restaurant loan to make your business better protected? This article is here to help you with all this. Breach at Restaurant Operator Earl Enterprises    Buca’s parent company also had a 10-month breach of payments at a number of restaurants. Several of its brand locations, such as Earl of Sandwich, Planet Hollywood, Chicken Guy, Mixology, as well as Tequila Taqueria were among […]

Community bank and credit union groups have recently been focused on using their lobbying power in Washington to limit the advancement and aspirations of innovative fintech companies. How are you planning the growth of your business? Do you need a reliable and low cost small business loan? Just read this blog post and you’ll learn more about the topic. Also, you’ll discover an exceptional business funding provider. Smaller Institutions & FinTechs This is an era of the physical giving way to the digital. Data is becoming the next gold and oil. Increasingly, consumers both more and less loyal ones, are […]

If you are a startup or smaller business that is just making a name for itself and needs extra cash, finding a lender can be challenging. Traditional lenders, such as banks, require good credit scores and collateral to get approved for small business loans and many other types of financing. Whether you need to buy additional inventory to get through the holiday season or you are low on cash because you are in the slow time of your seasonal business, how do you get the funding you need if have bad credit and no assets to put up for collateral? […]

64% of small business owners start with $10.000 or less. They’re primarily self-funded. If you, as a small business owner, need access to working capital, be aware it may be challenging to get approved for a small-business loan. So, you need to prepare well so that to increase your chances of getting a loan. What do you need to focus on? Reason You Need Funding Lenders would like to know the reason you’re applying for a small business loan. Determine whether you need it to start your business, manage day-to-day expenses, grow your business, or maybe to have a safety […]

Natural disasters such as floods, hurricanes, tornadoes, volcanic eruptions, earthquakes, tsunamis, and other geologic processes can cause loss of life or property damage. You can read several helpful tips in this article that will help you recover and get out of the situation. Damage Caused by Natural Disasters Globally, 8.700 people were killed by natural disasters in 2016. This is down from 25.400 in 2015. Global natural disasters resulted in $175 billion in damage in 2016. The global cost was the highest in 4 years. Only 30% of the losses ($50 billion) were insured, according to the German reinsurance firm […]