When you began your business, it was small; most are for the first few years. But now that you’ve gained customers and market share, you’re feeling it’s time to expand. This is a normal part of business life, yet a challenge for many small business owners. Expanding your business takes careful planning. Perhaps you need a new […]
Category: Finance & Lending
Financing and lending are key to starting and growing a small business — whether it’s a construction company, a women-owned business, or a mom and pop shop. Get valuable information on small business financing, from loans to budget forecasting, and learn how to make it work for your business.
Starting a small business is exciting and challenging at the same time. For many newly opened businesses in the U.S., the first one or two years will be filled with obstacles, but most will overcome them. However, many small businesses struggle to find continued success past their fifth anniversary. About half will close within five […]
If you’re running a business which brings in most of its income through sales of physical products you know that keeping the shelves stocked is an important aspect of keeping your operation healthy. That’s not always easy, though. Every business model has on- and off-seasons. A florist might see a large part of its revenue […]
As the saying goes, you have to spend money to make money. When starting or scaling a business, you’ll need to invest in certain assets, like inventory, space or employees, before you start making a profit. But, before you begin putting money toward equipment, supplies or other needed purchases, it’s critical to understand your current financial […]
Small business loans are a versatile and powerful tool for many different types of organizations to draw on as they stabilize, secure and grow operations. There are many different applications for a small business loan, from industry-specific uses to very broad ones. Here’s a review of some the most common and useful ways small business […]
Businesses strive to be different from one another. Whether its your products, your customer service or your convenience, you have at least one feature that’s your differentiator. But no matter how hard you try, there’ll always be one thing every business has in common: A need for money. Cash is the lifeblood that powers your […]
Understanding how a business credit score works is essential to managing your company’s finances.
Knowing how to identify the right time for a fresh injection of capital is key to business longevity.
Successfully growing a construction firm involves a multi-faceted approach that includes techniques like upgrading technology, boosting working capital, hiring better workers or leasing equipment.
Without accurately budget forecasting, construction firms can find their company with a serious problems with cash flow.
Construction firms can save money and prepare for the busy summer months or the slow winter months with a working capital loan and/or by leasing their equipment.
As more women-owned businesses are being formed, female executives are not taking advantage of alternative lending as a potential source of funding.