Category: Business Financing

There are few things as tedious as waiting at an airport. Not only is it a boring place with little to do, but business travelers are wasting valuable time when they could be productive. In addition, even basic necessities can be absurdly expensive — like $15 for a sandwich and $5 for a bottle of water. But it doesn’t have to be that way. Just down the hall from your gate is probably an airport business lounge. Inside, you’re likely to… Read More

Advertiser Disclosure Small businesses are no strangers to challenges, so it's no surprise that more than half (61%) of employer firms in the U.S. faced a financial challenge in the past 12 months. And top among those challenges? Getting a loan when they need it. The 2016 Small Business Credit Survey from 12 Federal Reserve banks across the country took place in the last half of 2016, with the banks surveying more than 10,000 employer firms across all 50 states. And… Read More

Even if you didn’t choose a NAICS code for your business (or have no idea what an NAICS code is), you probably have one. North American Industry Classification System (NAICS) codes are six-digit codes used by the federal government to classify businesses into an industry. The system was created for statistical purposes but is also used for non-statistical purposes, including determining eligibility to bid on government contracts and the risk level associated with your business for some loans and financing… Read More

If you have gone through the hassles of incorporating your business, separating your personal affairs from your business affairs (which includes having both personal and business bank accounts), then you know that creating a new business entity has a decent amount of paperwork that comes with it. Getting your DUNS number is one of those helpful steps and can help you establish your business credit, as well as give you some extra perks you might not know about. If you’re wondering,… Read More

Your business credit card can be one of your company’s most powerful tools. But if it isn’t managed correctly, it could be more trouble than it’s worth. When you don’t have a handle on your business credit card, the result can be expensive late fees, higher interest charges and damaged credit. Furthermore, a poorly managed business card account is an invitation for employee abuse. To avoid facing these and other problems, here are five ways that you can manage your… Read More