The 6 “C’s” Of Applying For A Small Business Loan
Using the six “C’s” of credit analysis as a guide for when they apply for a loan, small-business owners can greatly increase their chances of finding success.
READ THE STORYUsing the six “C’s” of credit analysis as a guide for when they apply for a loan, small-business owners can greatly increase their chances of finding success.
READ THE STORYHaving a strong net profit margin in your business does not mean you’re going to make more money as it represents how much cash you have on hand to keep — not how much your company’s revenue has increased by. It is also a measure of financial stability when economic fluctuations happen and a measure… Read more »
READ THE STORYIf you need help determining your small business tax rate, these tips can help you get organized and find the best approach to cover your taxes.
READ THE STORYAccurate Cost of Goods Sold (COGS) helps improve profitability by giving you the information needed to make pricing decisions that grow revenue over expenses, so you can focus your time on cutting costs and creating a better experience for your customers. With accurate COGS you’ll know the exact cost of each item you sell and… Read more »
READ THE STORYKnowing if buying a franchise is a good idea comes down to the amount of risk you’re willing and able to take on both financially and socially right now. If right now is not a good time for you to buy a franchise, then this could be the time to prepare yourself. That way, you… Read more »
READ THE STORYLenders use UCC filings, which are publicly accessible, to show which assets from your business they can claim as collateral if you default on your small business loan. When you’re ready to take a new loan, the new lender will see someone else already has a UCC filing on your assets, making you a higher-risk… Read more »
READ THE STORYFood trucks have become a popular and affordable way to break into the food industry. Although cheaper than opening a restaurant, the initial costs of the truck, cooking equipment, and permits can all add up. Financing these costs can ease this pain with benefits like lower upfront costs, better cash flow, and potential tax deductions.… Read more »
READ THE STORYAs a small business owner, your dream of expanding, innovating, and running your operations efficiently lies in one critical factor: acquiring the right equipment. Whether you’re a startup or an established company, acquiring heavy machinery, up-to-date technology, or specialized tools is essential. How Does Heavy Equipment Financing Work? When you need to acquire equipment for… Read more »
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