Category: Business Financing

Obtaining financing for your business can be a complicated process. So it’s important to know what options are out there and which ones are best suited for your business’ needs. While every type of financing has its pros and cons, there are a handful of options that stand out for their benefits to both new and seasoned business owners. 1. Business credit cards Whether you’re just starting out or your business is well established, getting a business credit card is… Read More

I was at the car dealership about to buy a car when my cell phone rang. The salesperson told me to answer. I did, and the credit manager was on the other end of the call.  Despite the fact that I had already shared my driver’s license with the salesperson, he was taking an additional step to verify my identity. I had been a victim of credit fraud a few months before, and had placed a credit alert on my… Read More

There are many reasons a smart business owner might need access to additional credit. Your cash burn rate could be too high, it might be time to reinvest in updated infrastructure, or you could want to bring on additional workers for the busy holiday season. Whatever the cause, an increase on an existing small business credit card is often the easiest path. Unlike opening a new account, crowdfunding, or vying for angel investors, getting a higher limit doesn’t usually require… Read More

The Pew Research Center reports that the Millennial generation is on track to become the most educated Generation in history based on degree acquisition. While this phenomenon is a result of a variety of circumstances, it’s a well-known fact that student loans have played a major part in this degree acquisition spike, allowing many to access a higher education that otherwise would have been too expensive to obtain. However, the other side of the coin is a reality that student loan… Read More

If you’re a small business owner, a business bank account is a must. Most small business owners will benefit from opening a business checking account to separate their business and personal expenses.  But you may not have thought much about a business savings account. How do you know when it’s time to open one, and where should you open a business savings account?  Do I Need A Savings Account For My Business? For some small business owners, a business checking… Read More

If your business is struggling to make it to the next level or has some cash flow issues, injecting some of your own cash can help solve your problems. You don’t have to go through a complicated loan process or wonder if your credit is good enough. But lending money to your business isn’t as simple as writing a check. It’s essential that you do it the right way and consider what might happen if your business can’t pay you… Read More