The Source

Small Business

5 Steps to Take If You Want to Transfer Business Ownership

5 minute read

May 18, 2022

As a small business owner, there may come a day when you decide to transfer ownership of your business. Perhaps you'd like to retire and want to transfer ownership to a family member. Or, maybe...

The Top Pros and Cons of Prepaid Business Credit Cards

5 minute read

May 16, 2022

Credit cards aren’t the right funding option for every small business owner. For example, a high-limit credit card might do more harm than good if you struggle with budgeting.

5 Ways to Quickly Pay Off Business Debt

4 minute read

April 27, 2022

Due to interest payments, businesses with excessive outstanding debt may experience decreased cash flow. In addition, they may have difficulty accessing additional capital and may even experience a negative impact on their credit scores depending...

What is a Term Loan, and How Can You Secure One?

7 minute read

April 25, 2022

A term loan is a traditional loan that entrepreneurs can use to grow a small business. Term loans offer an upfront cash infusion with monthly payback terms over a specified period. This post will explain...

Business Credit Score vs. FICO Score: What’s the Difference?

5 minute read

April 21, 2022

You have a FICO score if you’ve ever paid for a car, house, college tuition, opened a credit card account or submitted a rental application.

How to Create a Loss Prevention Strategy for Your Business

5 minute read

April 20, 2022

Loss prevention refers to the steps businesses take to reduce profit loss. The causes of profit loss, addressed by loss prevention, include theft, fraud, and human errors.

Business Loan APR: How to Easily Calculate Your Loan Cost

7 minute read

April 20, 2022

If you want to expand your business, receiving a small business loan can help you accomplish your goals. The APR is crucial when applying for any type of business loan, as it affects the total...

Do You Need a Business Partner? How to Decide

4 minute read

April 18, 2022

Once you’ve decided on a great business idea, you’ll need to select a specific business structure. Although most business startups operate as sole proprietorships, many new businesses operate as general partnerships. Starting a partnership comes...

4 Ideas for Celebrating Get to Know Your Customers Day

5 minute read

April 18, 2022

This Thursday, business owners nationwide will celebrate Get to Know Your Customers Day! On the third Thursday of each quarter (in January, April, July, and October), Get to Know Your Customers Day is observed, and...