Category: Business Financing

How To Create a Financial Plan for the Small Business Saturday Push

How To Create a Financial Plan for the Small Business Saturday Push

Small Business Saturday is an opportunity to celebrate local businesses, and to encourage consumers to shop local.  For entrepreneurs, it can be an opportunity to get new customers and increase sales. But making Small Business Saturday a success isn’t without costs. Creating a financial plan for Small Business Saturday can help you make sure that your business is really ready for the holiday season. What is Small Business Saturday? Small Business Saturday is an annual event held on the Saturday… Read More
How To Build and Keep a Solid Business Credit Rating Before the Holidays

How To Build and Keep a Solid Business Credit Rating Before the Holidays

Every year, the holiday season seems to start earlier and earlier. For small business owners who rely on holiday sales, it’s never completely out of mind.  One factor that can impact a company's success during the holidays is its business credit rating. A solid credit score can open doors to better financing options, more favorable terms with suppliers, and increased flexibility in managing cash flow during this hectic time. The holidays are a key time for Myrlande “Mimi” Desances, the… Read More
Must Do Checklist for Small Business Financial Checkup

Must Do Checklist for Small Business Financial Checkup

Every Friday, Margo Burr, a public speaking trainer and Founder of B7 Media Relations, reviews her business finances. Using her accounting software and spreadsheet, she spends about 30 minutes checking in on her business spending and revenue. She also sets quarterly goals and checks in monthly.  “It holds me accountable,” she says, “and helps me see in real time what I spent.” Whether you are a small business owner with a startup, or have several years under your belt, regular… Read More
Nav vs WalletHub: Which Credit Service is Best for Your Business

Nav vs WalletHub: Which Credit Service is Best for Your Business

Checking your credit on a regular basis is important, whether you’re a consumer looking to make better credit and financial decisions, or a small business owner hoping to do the same.  With dozens of places where you check and monitor your credit reports and scores, you may not be sure what service will work for you. Here we’ll analyze two options: Nav and WalletHub.  Keep in mind that Nav is designed for small business owners, while WalletHub is focused on… Read More
How Does Financing Affect Cash Flow When To Use It To Boost Cash Flow?

How Does Financing Affect Cash Flow When To Use It To Boost Cash Flow?

Key takeaways:  Knowing when and how to use financing effectively can help your business manage cash flow and take advantage of opportunities to grow. Deciding whether to use cash or take out a loan depends on factors including interest rates, tax implications, and the potential impact on cash flow. Cash flow loans can provide quick funding for short-term needs or opportunities, but you need to understand costs versus benefits.   As a small business owner, it can be easy to fall… Read More
Business Credit and Other Financing Options for High Risk Businesses

Business Credit and Other Financing Options for High Risk Businesses

Small business lenders, merchant processors and credit card companies often consider some types of businesses “high risk.” If your small business falls into one of those categories, you may find it more difficult to get financing or a merchant account. Here, we'll explain what can make a business high risk, what types of financing may be available to higher risk businesses, and how building strong business credit may help your business increase its financing options.  What Is Considered a High… Read More