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To keep you dialed in on what’s shaping the future of small business ownership, each Tuesday we’ll be serving up the industry’s best stories. It’s another way we help you kick ass.
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The SBA and Small Business Majority have teamed up to teach small business owners about what the ACA means for their business. They are hosting weekly webinars every Thursday from now until the end of August.
For a complete schedule and to register, click here.
5 Habits of the FICO Score 800
When first starting a business, your personal credit scores will have a major impact on your chances of getting business financing, credit cards and more. At first, they’re even more important than your business credit scores. Get it right before you need, and save you thousands in interest.
To help you improve, Hawkeye Asset Management compiled a list of the five habits of people with outstanding personal credit.
While banks may pop into your mind first, credit unions are becoming an important funding source for small businesses. In fact, you may even find more personalized service than you typically would at large banks.
If you’re looking to expand or get a new business off the ground, read this article from Entrpreneur to see if a credit union may be right for you.
This could be huge. Payment processing company Square announced last week that it will start offering cash advances to businesses in its network.
Because the company already has the data on a merchant’s business, it can offer the advances with a high degree of confidence, and without requiring time-consuming applications. Get your cash in days instead weeks.
And fees for Square’s advances appear to be a lot less: 1/8 to 1/10th of what you’d typically pay for merchant cash advances. Read more here.
According to a recent report, small business owners who meet their banker at least three times a year are more optimistic they’ll increase revenue over the next 12 months.
From offering helpful products to financial advice to networking, your business banker can be an incredible asset. To learn more about what to look for in a lender, click here.
This article was originally written on June 3, 2014 and updated on April 4, 2019.