Category: Business Financing

Should I Give My Employee a Credit Card?

Business credit cards are an incredibly powerful tool for your small business. You can use one to expedite purchases while you earn rewards and enjoy cardholder benefits, plus get security features that other payment options don’t give you. A business credit card can help you manage cash flow so you can make purchases like equipment or supplies while keeping liquid cash in your bank account for more immediate needs, like payroll or emergencies. In addition, you have the option of… Read More

The Step-By-Step Guide to Actually Getting an SBA Loan

You’ve probably heard of SBA loans. Perhaps you’ve also heard they can be a very attractive source of financing for small businesses, with low rates and favorable payment terms. But while you may be intrigued at the prospect of getting one, you are probably also a little intimidated. What does it take to actually land an SBA loan? Here we break down the process of getting an SBA loan step by step. We will focus on the most popular SBA… Read More

2 Credit Cards That Will Reward You for Buying Office Supplies

If your business is like most, then you’re probably placing orders from office supply stores on a regular basis, or constantly sending someone out to fulfill urgent needs. In addition, office supply stores can be a great place to make other necessary purchases of furniture, electronics and even school supplies. Using the right business credit card when you make those purchases can save your company some much-needed cash. Here are two cards that give you extra rewards when you shop… Read More

The First Thing You Need to Do If You Want to Grow Your Business

So it's Friday evening and you are back home after a long week of work in the shop. You've decided to take the weekend off, leaving the shop's management solely to your more trusted employees. As you sit at the kitchen table on Friday evening with your spouse, kids and the dog in the background, you take out a sheet a paper to formulate some ideas to grow your business. You come up with a list that looks something like… Read More

10 Banks Making the Most SBA Loans

When small businesses in America are ready to take their next step, a Small Business Administration loan is often on the top of their list of financing options. In fact, if you combined the loan amounts of the top 100 most active SBA lenders in just the fourth quarter of 2016, you’d have a sum total of over $4 billion. If you want to get an SBA-backed loan in 2017 and get that most-coveted distinction -- funded -- you need… Read More

5 Business Credit Card Misconceptions That Can Cost Your Business Serious Money

A business owner recently told me he had maxed out his personal credit cards to get his business off the ground, causing his personal credit scores to suffer. As a result, he’s had trouble getting traditional financing, but he doesn’t regret it. “You do what you have to do,” he says. However, things would have been a lot easier for him if he had understood the benefits of using a business credit card from the very beginning. This person’s story… Read More