Archives: Resources

As a business owner, you’re probably used to putting your signature on a lot of documents. This is especially true if you’ve ever signed a commercial lease or taken out a business loan, line of credit, or merchant cash advance for your company. There’s just one problem. Most financial agreements are filled with legal jargon that you probably won’t fully understand unless you commit a few years of your life (and perhaps around $30,000–$50,000) to attend law school. Of course,… Read More

As a small business owner, it’s smart to look for ways to help your company get ahead. However, there’s a difference between trying to get ahead and looking for potentially detrimental shortcuts. Shelf corporations may fall into the latter category. Shelf companies are formed for the purpose of being sold off, after you establish excellent business credit scores. There’s just one problem: If you purchase a shelf corporation and use it to access small business loans, you might be guilty… Read More

Many small business owners are intimidated at the prospect of trying to build business credit. Some realize it’s important to earn strong business credit scores and reports, but don’t know how to start the process. Thankfully, building good business credit doesn’t have to be difficult. In fact, if you start by opening a few strategic vendor accounts, you might be surprised just how easy it is to send your business credit scores moving in the right direction. How Do Small… Read More

If your business struggles from cash flow problems from time to time, you’re not alone. Most entrepreneurs will find themselves juggling bills when business is slow, or clients pay late. Fortunately, there’s a tool that can help improve cash flow and perhaps even build business credit: That tool is net-30 and net-60 vendor accounts. What Are Business Vendors? A business vendor (or supplier) sells goods or services to another business. If you run a clothing manufacturing company, for example, a… Read More