Category: Business Financing

FreshBooks vs. QuickBooks: Which Is Best For Your Business?

FreshBooks vs. QuickBooks: Which Is Best For Your Business?

You’ve likely heard of at least one of the two most popular accounting software options on the market for businesses if not both: FreshBooks vs. QuickBooks.  Technically, either option should get the job done for your small business when it comes to managing your finances and invoices.  However, depending on the specific needs of your business, there’s a good chance that one of these accounting tools will be a better fit than the other. Let’s break down how to decide… Read More
How Your Small Business Can Prepare for the Slow Season

How Your Small Business Can Prepare for the Slow Season

Depending on the industry you operate in, your business may see spikes in profitability at certain times throughout the year. If this is the case,  you likely also experience slow months in between, which can lead to cash flow concerns for your operation. Rather than accepting these periods of slowness as is, consider the following four strategies to boost cash flow, and set your business up for success all year round.  1. Offer Promotions One of the most obvious ways… Read More
8 Ways to Grow Your Email List

8 Ways to Grow Your Email List

What’s the first thing you do to start your day? You might navigate to your inbox a lot sooner than you think. A recent study found that 55% of all surveyed respondents check their email before they even get to work, and 17% check their email as soon as they wake up.1  If you don’t already take advantage of this potentially lucrative marketing channel, you should really start today. Email marketing is an inexpensive way to generate leads, reach new… Read More
FreshBooks Review 2022: Is FreshBooks the Right Fit For Your Small Business?

FreshBooks Review 2022: Is FreshBooks the Right Fit For Your Small Business?

One of the lessons business owners have learned over the last few years, impacted by the coronavirus, is the importance of having accurate (and accessible) financial records. A lack of good accounting made it difficult for many businesses to get approved for one of the small business loans that were part of the Paycheck Protection Program (PPP). Now that PPP is closed, this will be even more important as those funds are exhausted and business owners turn to more traditional… Read More
How Many Points Does a Hard Inquiry Affect My Credit Score?

How Many Points Does a Hard Inquiry Affect My Credit Score?

A hard inquiry can typically drop your credit score by 5— 8 points, but not all inquiries count the same. Understanding how hard inquiries work can help you shop for credit more confidently.  Shopping for credit can be smart. But it can also affect your credit scores. If you are someone who takes the time to monitor your credit report and scores, losing a few points can be stressful. There are benefits to maintaining a high credit score. You’ll often… Read More
What Is a Blanket Lien?

What Is a Blanket Lien?

Access to the right business funding can open doors for your company. It can help you to take advantage of growth opportunities you might have had to pass on otherwise. But before you can convince a lender to hand over the funds you’re asking to borrow, that lender needs to be sure it’s comfortable with the risk.  Collateral is one way lenders reduce their risk exposure when they loan you money. If your business takes out a loan and fails… Read More