Funding

The recent PPP loan extension offers business owners time for more than just to apply for the SBA loan program. It offers them time to work on the overall fundability of their business.

Tier 4 vendors can help strengthen your business credit score and flesh out your business credit portfolio. That means more funding to help your business grow. Who are these vendors? How do you find them? Find out here.

There is a balance between when a personal guarantee is a good idea and when it isn’t. The deciding factor is the ROI. How do you find the balance and increase the ROI on your personal guarantee when it’s necessary to give it?

Venture capital is a type of private equity investing in early-stage, high-growth companies where investors look for startups that have the potential to generate a significant return on their investment (read: looking for the next Uber or Airbnb).

Using a starting a business checklist is important to both staying on track and ensuring that nothing is missed.

It’s crucial to select a card that corresponds to your spending style. You might prefer a card that gives you cash back on office equipment, utilities, and advertising if most of your business’s expenses are for routine operations. On the other hand, if you frequently schedule business travels, a travel card can be more practical.

Business owners should keep in mind that low consumer credit scores + no collateral + high amounts will mean that a small business will have to be bringing in significant revenue in order to even be considered.

Cash flow is one of the top benefits of investing in commercial real estate. As long as you thoroughly vet your tenants and ensure they have a strong and stable business, you can expect regular monthly payments with a lower risk of default than in residential real estate.

After crunching the numbers, choosing the right lender and loan will most likely come down to personal preference. For a term loan or an SBA loan, if you can get either from the bank where you have your business bank account—and all the other variables look good—then that is probably the best way to go. This is because banks have their own internal scoring system and ratings. Using more bank products like a small business loan can help your business out. Better bank ratings can help you get a second small business for more money later. There are reasons to choose where you already have your business bank account which go beyond simple convenience.

What’s the difference between a business line of credit vs a loan? How do you know which on is right for your business? It all comes down to how you use the funds. Large one time expenses need a loan, but cash flow is more easily managed with a line of credit.