Cost of Debt: How to Calculate Cost of Debt
When you take out a loan (also known as debt capital), your primary focus is probably on having working capital to grow your business or to steady your cash flow. But there’s something else to cons…
2020 Bank of America Business Checking Review
As a business owner, it’s considered best practice for you keep your personal and professional finances separate—even if you are doing business as a sole proprietor. Opening a checking account jus…
Business Documents: How Long to Keep Business Records
You know that good record keeping is part of running a small business, but you aren’t sure how long to keep business records and documents. The last thing you want to do is shred some business docum…
How to Pay Back an EIDL or PPP Loan
If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may have determined it isn’t a good fit for your small business for any number of rea…
EIDL Alert: Why You Must Read the Fine Print In Small Business Contracts
Millions of small business owners who received a loan through the Economic Injury Disaster Loan (EIDL) program were relieved to get approved for one of these low-rate loans through the Small Business…
Bank Reconciliation: How Does a Bank Reconciliation Work?
You’re no bookkeeping expert, and yet, if you run a business, you need to be on top of managing your accounting records. You’ll quickly become familiar with financial statements and balance sheet…
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