Archive for November, 2020
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What is a Factoring Company?
Research shows that more than 80% of businesses ultimately fail due to cash flow problems. The quick and easy solution could be to fund with a factoring company. While there are several issues that could lead to payment delays, unpaid invoices are one of the top causes. Regardless of your industry, your business relies on […]
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10 Helpful Tips for Applying for Small Business Loans for Women
Statistics show that 39% of businesses in the U.S. are owned by women. However, the statistics on business loans for women paint a different picture. Unfortunately, female small business owners receive less funding than male-run businesses. This gender bias is more common with larger capital raising scenarios. Fortunately, when it comes to business loans, the […]
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11 Tips On How to Get a Business Loan
Getting traditional funding or bank financing for your business is something that you should always be on the lookout for. This is why you need to be prepared and know how to get a business loan so you can take advantage of opportunities when they arise. Whether you’re looking to expand or shore up a […]
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6 Reasons to Buy Small Business Insurance + 1 Bonus Tip
According to reports, 75% of small businesses in the U.S. are underinsured by 40% or more. This means that only 25% of small businesses have the recommended level of coverage. Adequate small business insurance is essential for protecting your business, yourself, your clients, and your employees. Without the right coverage, you run the risk of […]
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How to Decide Which Equipment Financing Companies to Use
78% of United States businesses have borrowed from equipment financing companies. Businesses across all industries opt to finance for various reasons, such as saving cash and keeping up to date on the latest technologies. There are many strategic benefits of equipment financing, but it’s crucial to choose the right lender. Are you thinking about financing […]
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Financing 101: How do Hard Money Loans Work?
Did you know that 70% of small businesses have outstanding debt? Without the financing necessary to keep the engine running, your business has a higher chance of crashing. For many entrepreneurs who get rejected by traditional lenders, alternative lenders have become lifelines, including hard money lenders. But how does a hard money loan work, and […]
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10 Reasons to Apply for SBA Small Business Loans
The U.S. Small Business Administration (SBA) estimates that more than 627,000 new businesses open in the country every year. If you’ve recently started a new business, then you need to know about SBA small business loans. As you seek to get your startup off the ground, it’s likely that your expenses will outpace your income, […]
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A Sample Profit and Loss Statement for a Small Business
As a small business owner, you’re deeply involved in every aspect of your company. You might be the hiring manager, marketing director, and accountant, all in the span of one day which is why you need to know what a profit and loss statement is. Knowing the roles you have to play is important to […]
