Having a strong personal credit score is essential if you're hoping to obtain a small business loan. Lenders will use your credit score as one factor in deciding whether to approve your loan request, so it's important to make sure your score is as high as possible before applying. There are a few simple steps [...] Read More
As a small business owner, you are likely aware of the many legal challenges that can come your way. Whether it's a contract dispute with a vendor or a customer complaint, litigation can be costly and time-consuming. Here are some tips to help you protect your small business from litigation: Have Clear and Concise Contracts [...] Read More
A delinquency business loan has not been repaid by the borrower within the specified timeframe. This can happen for several reasons, such as the borrower being unable to make their repayments or simply defaulting on the loan. Regardless of the reason, a delinquent business loan can have serious consequences for both the borrower and the [...] Read More
If you're a small business owner, you know how important it is to keep your customers happy. One way to do that is by offering gift cards. Gift cards are a great way to show your appreciation to your loyal customers, and they can also help you attract new business. But setting up a gift [...] Read More
As a small business owner starting your business on the right track can be confusing. So many different tasks that need to be accomplished before you start producing income such as getting a business license, getting an EIN, and getting a business bank account so you can keep your business and personal accounts separate. This [...] Read More
If you're researching business loans, you may come across the term "factor rate." What is a factor rate? In short, it's the interest rate charged on a business loan. However, unlike traditional interest rates, which are expressed as a percentage of the loan amount, factor rates are expressed as a multiplier. This means that if [...] Read More
Running a business requires keeping track of a lot of information. There are various types of debt that a business can incur and in doing so it can be cumbersome at times to keep up with all that debt. Keeping a business debt schedule will allow business owner to better manage their debt. This article [...] Read More
Small business owners are likely to have come across the terms invoice and receipt in their bookkeeping. It's possible that you already know what each term means. These terms may even be interchangeable. Small business accountants will tell you that receipts, as well as invoices, are different. Although they may contain the same information, invoices and receipts are [...] Read More
You might discover financing options that you didn’t know existed as you search for small-business loans. Term loans are a common term among all the new information. Term loans are a common way to finance your business. Term loans are a lump amount of cash that a lender deposits directly into the business account of a borrower. The amount [...] Read More
A POS system is a computerized system that records the sale of goods and services, tracks inventory levels, and manages customer data. POS systems are used in a variety of businesses, including retail stores, restaurants, and hotels. POS systems typically include a cash register, barcode scanner, receipt printer, customer display, and debit/credit card, reader. The [...] Read More
