Finance & Accounting
Your ability to succeed and thrive as a small business owner often depends on the way you manage your small business finances.
It’s critically important to have access to financing for day-to-day and long-term needs.
You probably already have these skills and are using them to build a successful business. Here are some insights into how communication, confidence, and proactive mindset can serve you well in your lending relationship.
Getting a line of credit for your small business is one of the smartest financing moves you could make as an entrepreneur.
A business line of credit gives you the convenience and flexibility you need to address day-to-day needs, including emergencies and even unexpected setbacks.
Money will likely be one of your biggest challenges when you start a small business. And it will continue being a major concern as you try to sustain and grow your company.
Here’s the good news for small business owners and entrepreneurs: banks aren’t your only options when it comes to financing. You now have more choices, whether you’re searching for funds to address cash flow gaps, or to expand your business.
A business line of credit is one of the smartest ways for an entrepreneur to finance a small business. It’s a convenient and flexible option that gives you access to funds you need to address your day-to-day business needs.
The good news for small business owners is that you no longer have to rely on traditional banks to access this type of financing. Alternative online lenders now offer quicker and more convenient ways of gaining access to funds for such needs as making weekly payroll to hiring seasonal staff.
But applying for a business line of credit can be a tricky and tedious process.
“Misdirected payments.” “Minimum Sales Commitment.” “Reserves.”
Are your eyes starting to glaze over? We don’t blame you. Invoice factoring has been around for thousands of years, but it seems like the terms have only gotten more complicated.
The invoice factoring agreement is a financial contract that details the costs and terms of your plan. It is important to study and understand it because invoice factoring sometimes involves terms and provisions that are hard to discern. In fact, a contract may even impose fees that weren’t covered in your initial proposal.