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How Does Your Garden Grow? Best Business Line of Credit in a Recession

recession

How Does Your Garden Grow? Best Business Line of Credit in a Recession

The COVID-19 pandemic caught the world by surprise and turned the economy upside down. If you are a business trying to make it during this time, we can help. The Federal government has approved funding through The CARES Act, including the Paycheck Protection Plan. In addition, many states and local organizations are offering their own

Prosper and Economic Downturns

Given that the company likely to go public soon, their Board of Directors will be beholden to shareholder demands. This is as opposed to the requests of either borrowers or employees.

Furthermore, the company seems to shunt all small business loans off to OnDeck, anyway. It seems the best action for a small business owner to take is to bypass the middleman and go straight to OnDeck.

How a Good D&B Business Credit File Can Help In Hard Economic Times

There are a lot of things that can help your business through hard economic times. A good D&B credit file is just one of them. Find out how to get one, and how to use it to keep your business going.

Entrepreneurship and Current Small Business Economic Trends

A part of the current downturn economy has been the so-called Great Resignation. Entrepreneurs can’t really get traction for growth because they just plain can’t find workers. Fifty percent said they have openings they cannot fill right now.

Rather than work harder to attract employees (say, with better benefits or higher salaries), these entrepreneurs seem to have just decided to accept that job applicants are slow to respond—if ever.

Protecting Your Business Finances During Times of Economic Uncertainty

While no one knows what the future will bring, one thing is for certain. Prices are going to be in flux, because economic uncertainty can influence the price of just about anything. Is it better to stock up now, expecting a price rise? Or is it better to try to wait it out and see if prices will get better?

Standard Industry Classification Codes in a Recession – Which Get You Denied?

A Standard Industry Classification – SIC Code – may or may not be vital for SBA Paycheck Protection Program funding. Yet it is certainly important when it comes to other types of funding. Make sure yours helps you get financing!

Get a Recession Business Credit Line – Here’s How

As a small business owner, you probably can’t put your hand on enough capital, at least not immediately. And if you are new, then it’s even harder. There will always be more ramp up costs than you think.

The Official Way: How to Get Business Credit Cards for Bad Credit in a Recession

Benefits can vary. So, make certain to pick the benefit you would prefer from this choice of alternatives. Since some of these cards require decent or even particularly good credit, now is the perfect time to improve your credit.

Using Your Treasury to Recession-Proof Your Business

There is no foolproof way to recession proof a business, as economic downturns can affect almost every industry in some way. However, there are certain strategies you can adopt to reduce their vulnerability to recessions and increase your businesses chances of survival.