knowledge

In 2019, Dollar Sprout put Michigan in the number two slot for starting a new business. Michigan has an excellent growth rate (almost as good as in Texas), and business formation fees are low. It helps to have a well-educated workforce as well. Plus costs of living are low, even in the biggest city, Detroit.

It is possible to get an SBA loan with bad credit. In fact, the SBA itself doesn’t set a minimum personal credit score for loan approval. However, lenders can set a minimum, and some do. If you do not qualify for an SBA loan, there are other options available.

When an account shows a positive cash flow it shows that the business is generating more revenue than is used to run the company. That means the bank will feel that the business can pay its bills.

Intelliscore Plus is considered to be one of the most reliable tools in effectively predicting risk. One of the ways Intelliscore Plus maintains this claim to fame is by identifying the key factors that indicate whether a business is likely to pay their debt.

All equipment can fail, injure someone, or be stolen, requiring general liability insurance, commercial property insurance, and equipment breakdown coverage.

If you’re planning on investing in stocks, bonds and other types of investments that lose value during a recession, it’s important to remember that these investments could temporarily harm your savings account and retirement plans if the economy doesn’t improve soon after you invest money in them.

As with all funding sources, make sure to read the fine print carefully. Your own individual requirements and needs are most important when determining where to get business funding.

We all need a hero.  LexisNexis Risk Solutions could be just that hero for your business. How LexisNexis Risk Solutions Is a Superhero in the Business World What’s that on the horizon?  Is it a bird? Is it a plane? No, it’s LexisNexis Risk Solutions!  They can single-handedly catch bad guys, find debtors, and point

Your commercial credit report likely says much more about your business than you realize. What it says, greatly affects fundability. For this reason, you need to understand not only what yours says, but also where the information comes from.