Recent Posts in Tips

  • 27-Oct-2018

    Preparing for the Holiday Season

    With the holiday season fast approaching, merchants across the country are gearing up for their busiest time of the year. Storefronts, both traditional brick-and-mortar as well as e-commerce, frequently see 30% of their annual revenues earned during ...
  • 28-Aug-2018

    Pros and Cons of Financing Through SBA Loans

    Although the community advantage program is a welcome alternative for entrepreneurs seeking local business loans, this isn’t the best funding option for every business. Let’s take a look at the benefits and the drawbacks of applying for ...
  • 24-Jul-2017

    You Don't Need to Start A Business - Buy A Small Business From A Retiring Owner

    The California Association of Business Brokers estimated that retiring Baby Boomers will sell or leave to their beneficiaries $10 trillion worth of assets over the next two decades [1] . These assets are in more than 12 million privately owned ...
  • 25-May-2017

    FED Raising Interest Rates: How This Affects Small Businesses

    In March 2017, the Federal Reserve raised the key interest rate from 0.75% to 1.0%, the second rate increase within a three month time period. FED officials anticipate two more increases in the interest rate before the end of 2017, with the goal of ...
  • 10-Apr-2017

    How Much Financing Can Your Business Afford?

    When applying for small business financing, business owners should think about how much the business can afford to repay. It is important not to stress cash flow. The Cash Flow Coverage Ratio can help determine a responsible funding amount. Cash Flow ...
  • 8-Dec-2016

    Calculating Personal Credit Score

    Credit scores use data from an individual’s credit profile to classify the individual’s ability to pay back debt. Credit scores are used in almost every lending decision. This blog will look into what categories are used to calculate a ...
  • 29-Aug-2016

    How Lenders Evaluate Time In Business

    Statistics show that 50% of businesses fail before reaching the five-year mark. Traditional banks are risk averse and typically err on the side of caution, avoiding loans to businesses less than five years old. In the eyes of a lender, young ...
  • 26-Jul-2016

    Pokémon Go: How Small Businesses Can Capitalize on Fads

    Pokémon Go is taking over and savvy business owners are seeing large spikes in sales. The cell phone application is an augmented reality game allowing users to explore local parks and landmarks to catch different Pokémon. The game was ...
  • 24-Jun-2016

    What Small Business Lenders Look For.

    A General Guide to SBA Lenders Underwriting Criteria When applying for an SBA loan, there are a number of factors creditors look for to determine your companies’ ability to payback debt. Payment History and Cash Flow One of the most important ...
  • 27-May-2016

    Building a Small Business Credit Profile

    As large financial institutions tighten their small business lending requirements, it is important for business owners to understand how to build a strong credit profile. Benefits of Building Credit for a Small Business Creating a small ...
  • 4-Dec-2015

    Compare Small Business Loans

    If you own a small business, finding the right lender and best financing option can be challenging. With so many different options, and with most lenders offering only one type of product, it can often be difficult for small business owners to know ...
  • 30-Nov-2015

    5 Things you need to Know About Figuring Out What Your Small Business Loan Options Are

    If your small business is in need of funding, you may have some questions about what your options are or even how to go about securing capital. Below, we have identified five things to consider when it comes to small business financing options: Time ...
  • 17-Nov-2015

    A Beginner's Guide to Financial Pitfalls for Small Business Owners

    The success of your business depends on a variety of factors, and savvy financial planning is one of the most important ones. But money management poses a serious challenge for many new business owners. Whether you’re looking to secure capital ...
  • 11-Nov-2015

    Tips for Retail Stores to Thwart Shoplifting This Holiday Season

    Businesses often get a major boost around the holidays thanks to increased customer traffic. However, in addition to an increase in profits, businesses also face another kind of increase: employee theft and consumer shoplifting. This ...
  • 2-Nov-2015

    Starting a Business? Consider These 10 Helpful Tips

    Millions of Americans every year turn to small business ownership as an alternative to traditional employment. While entrepreneurship can be a creative and fulfilling way for people to earn a living, it is not without its own unique challenges, and ...