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Working Capital

Tax Liens and Small Business Loans: Imperfect Together

4 minute read

February 6, 2024

For a variety of reasons, your firm owes the IRS back taxes well into the five (or maybe even six) digits, and the IRS places a tax lien on your business. It's laid claim to...

Pros and Cons: Funding from an Angel Investor

3 minute read

June 7, 2023

With private investment playing a large role in American small-business development, should your firm be looking to the heavens for an angel of its own? Do you want one of the mega-entrepreneurs on Shark Tank...

Explore the Many Rewards of Giving Back to the Community

2 minute read

May 31, 2023

What are you waiting for? Get your business behind a local cause and reap the rewards. Why should you engage? You can express your firm’s ethos & its values, traditions, and attitudes & by engaging...

7 Bank Loan Requirements

3 minute read

May 17, 2023

Be ready to answer these before even calling a potential lender. Approval rates for small-business loans are flat or declining. Most-recent government statistics report an 18 percent decline in loan approval rates at midsize bank...

Why Your Business Should Master Working Capital Management

5 minute read

April 26, 2023

Following this essential best practice ensures that you have cash when it’s needed most. Working capital (also known as net working capital) is the bread-and-butter cash with which you fund the costs of doing business...

5 Types of Business Collateral Used to Secure Loans

3 minute read

April 20, 2023

What to consider before signing off real estate or other precious possessions. Putting up collateral for a loan is a practice almost as old as civilization itself, with records of secured loans in ancient Mesopotamia,...

The Top Pros and Cons of Microlending for Business Owners

5 minute read

July 15, 2022

Microlending or “microfinance” started with Nobel Laureate Muhammad Yunus in 1983. Yunus founded Grameen Bank to provide small loans to poor people worldwide. Back then, the average amount of Grameen Bank’s loans was $30.

The Pros and Cons of Debt Refinancing

5 minute read

July 15, 2022

Hopefully, if you’ve been operational for at least a few years, your company’s financial health has become stronger. If that’s the case, you should consider how you’re financing your business and ensure that current methods...

What Is Loan Principal and Why Is It Important?

5 minute read

July 13, 2022

You may want to pursue a small business loan for numerous reasons. For example, maybe you wish to start or expand your business, or perhaps you want to improve your business cash flow or upgrade your...