Strategic Small Business Trends

What Is Debt Coverage Ratio and Why Is It Important for Your Business?
So, you're here with one very specific question to ask: "What is debt coverage ratio?" The answers to that question may differ, depending on whether you're applying for yourself or a business. It may even be more important to ask yourself other questions entirely....

The 5 Pieces of Business Equipment You Need for Your IT Startup
In today's tech-centric world, IT experts are more in demand than ever before. Considering that our reliance on technology is only going to grow in the years to come, now is an excellent time to start an IT business. As with any business, successful IT startups...

Top 4 Ways Staffing Agencies Can Leverage Invoice Factoring
Waiting for employers to pay staffing agency invoices can hold up business operations, especially for agencies that are trying to expand quickly. What if an employer expects 90 days to pay, but your agency needs the money now? This is where invoice factoring comes in....

How to Craft an Outstanding Invoice Email to Get Paid on Time
Did you know that American small businesses were collectively owed 825 billion dollars in unpaid invoices in 2016? When you operate as an independent contractor or a small business, delayed or unpaid invoices can put you at a financial loss. Considering...

8 Reasons to Acquire a Quick Equipment Loan for Your Construction Business
If you own a construction business, you know how crucial high-quality equipment is to your success. Sometimes, obtaining the equipment you need can be a challenge, especially when it comes to financing. Read on to learn eight reasons why getting a quick equipment loan...

How Property-Based Lending Can Help You Grow Your Business
You decided to purchase a rundown home to fix and flip it. You and your spouse are entering the fix-and-flip business as partners. The house will need many repairs, including plumbing and wiring replacements. The project is going well for the first few weeks. As time...

When Your Business Needs a Growth Loan, Where Do You Start?
Microsoft, Apple, Amazon. All of the biggest businesses in the world started out as small businesses. How did they become so big? They grew. Making a small business grow isn't easy. It takes time, hard work, but above all it takes money. Read on as we take a look at...

How to Acquire a Machinery Loan to Grow Your Manufacturing Business
You own a manufacturing plant that manufactures computer chips. However, your current equipment is old and outdated. Your maintenance department is spending more money on repairs and upgrades. The new parts are placing more stress on the old ones, causing the older...

Retail Expansion Strategy: How to Capitalize on Your Store’s Success
Small and medium-sized retail businesses have an average monthly revenue of around $22,341. Shoppers spend about 69% of their discretionary income in a retail store each month. If your business has beaten the odds to be a part of the 80% of small businesses to survive...

Why Equipment Loans Are Important for Startup Businesses
You started a bakery business, but you need more equipment. You apply for a bank loan, but the rep denies your application. You opt for loan companies, but they also reject your application. You become frustrated as you keep applying for loans, ruining your credit in...