5 Reasons Why Businesses Acquire New Equipment Before the End of the Year
Are you on the fence about whether to get new equipment this year or next? Perhaps you’ve wanted to invest in new machinery for a while but haven’t got around the sorting it out. Or maybe you’re unsure whether it’s financially advantageous to do it now or wait a while. [...]
What does your business credit score look like?
Have you ever wondered what your business credit score looks like? Or if you even have one for that matter? If you find that you’ve been rejected for a business loan or cash advance, then it’s possible that your credit score isn’t up to scratch. The good news is that [...]
How to Calculate the Entrepreneur’s Salary
The average entrepreneur salary in the USA is somewhere between $68,000 and $72,000. It’s far higher than the average incomes in many industries but there are also many entrepreneurs who don’t pay themselves at all. So, if you’ve started your own business but are sitting on the fence about your [...]
7 Traps All Entrepreneurs Fall Into (But You Don’t Need To)
Unfortunately there's no Holy Grail of business ownership; a goblet, that upon taking a sip, you're bestowed with all of the information necessary to run a thriving enterprise. Many times running a business can feel like quite the opposite; a toddler's sippy cup spilling on your head, with you scrambling [...]
How to Tell if a Lender is a Good Fit
When you’re looking at different finance options, making a final decision can be tricky. Money is the lifeblood of any business and can make the difference between success and failure. For many small business owners, this adds extra pressure to make the right choice. But with so many variables to [...]
4 Myths for Short-Term Small Business Loans
There are lots of myths related to short-term business loans. Some of them are due to scare-mongering while others are perpetuated by the companies promoting long-term options. Whatever your reason for looking at small business loans, it’s important to get clarity on what’s right for your needs. So, if you’re [...]
What You Need to Know about SBA Loans
The Small Business Administration (SBA) supports independent companies and entrepreneurs in a number of ways. One of their most popular schemes involves the guaranteeing of loans to make funding more widely available. They act as partial guarantors so that if a business is unable to repay a loan, the bank [...]
Restaurant Loan Options for Managing Seasonal Cash Flow Issues
Securing a restaurant loan can help you to deal with the peaks and dips of a seasonal business. Depending on your venue’s location, cuisine, and business model, you may find that the majority of your income is generated in the summer or holiday period. For some restaurant owners, this can [...]
5 Ways to Finance Your Construction Business
Construction business loans have been hard to come by since the financial crash of 2008. But there are still funding opportunities available if you know where to look. Whether you need funds to purchase equipment, secure office or showroom space, expand your operations, or take advantage of a big job [...]