Category Archives: Financial Advice

Small Business Funding blog postings providing business owners financial advice

Top Reasons For Small Business Success and Failure Rates

Did you know that approximately 30 million entrepreneurs make up the base of small business owners in the United States and provide 7 out of every 10 jobs in the US. This is according to the SBA Office of Advocacy. 

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Paycheck Protection Program Details - What you need to know

Paycheck Protection Program Details

What is the Paycheck Protection Program? The Coronavirus Aid, Relief, and Economic Security (CARES) Act established a program to help small businesses keep their workers employed in the midst of the coronavirus pandemic.  This program titled, The Paycheck Protection Program,

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Prepare Your Business for the Coronavirus Impact

Prepare Your Business for the Coronavirus Impact

Don’t wait until it’s too late! As a small business owner, do you have a plan to combat the impact coronavirus is having on small businesses all over the world I’ve read a lot of articles on how a small

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Upset businessman with poor credit score trying to figure out how to get a business loan with bad credit

How to get a business loan with bad credit

Credit scores are one of the main determining factors when it comes to borrowing.  So, if you have a poor credit score, you’ll find it difficult to secure a business loan. In fact, traditional banks hardly ever lend to business

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Small business loan for minorities helped African-American couple open coffee shop

Small Business Loans for Minorities 101

Minorities in the United States, defined as anyone who is Asian, Black, Hispanic, or Native American, own as many as 11.1 million small businesses.  And that number is growing fast, up 79 percent between 2007 and 2017. However, due to

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Small business owner applying for SBA loan online

How To Get An SBA Loan

It costs money to start and run a business, especially as a small business owner.  When and how to fund your business may be two of the most important questions you will ever consider.  But, if you are eligible, the

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Young businessman reading on computer how FICO changes will impact him as a small business owner

How 2020 FICO Changes May Affect Small Business Owners

In January 2020, FICO rolled out new rules for calculating credit scores, a system called FICO Score 10, which could dramatically impact—for better or for worse—how your credit score is calculated. FICO claims that their new program suite will deliver

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Business woman holding money after improving her chances of getting a business loan

How to increase your chances of getting a business loan?

As a small business owner, you may have a well-run organization which generates a very healthy profit.  But to really take your company to that next level of success you need a business loan to invest in equipment, inventory, employees,

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Business owner calculate an increase in profits

Nine Tips to Enhance Your Business Profits

Every business aims to make a profit to keep the business running effectively. As simple as this sound, the path of small businesses has always been plagued with challenges. There are strategies to enhance your business profits but many small

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Interest vs factor rate handwritten formula

Interest vs Rate Factor

Know What You Owe – Interest vs Rate Factor These days small and medium-sized businesses have many funding options at their disposal.  From traditional term loans and lines of credit, to working capital advances and factoring loans, it’s hard to

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