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  • How to Run a Profitable Liquor Store: Expert Tips and Strategies

    Operating a successful liquor store today requires more than just finding a good location and stocking shelves. While finding an ideal location is still crucial to success, the modern liquor store owner must consider that today’s clientele are sophisticated buyers with evolving tastes and preferences. Gone are the days of simply filling shelves with popular…

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  • What is CrowdFunding and How Does it Work?

    Crowdfunding for your small business offers a unique and innovative way to acquire capital without the hassle of traditional methods, such as loans or investments. The basic idea is simple: you create a project online that presents your business plan, set up a crowdfunding goal for how much money you want to raise, and then…

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  • Small Business Guide: Refinancing a Business Loan

    Small business loan refinancing is a great option for businesses that need to access more capital or restructure their existing debt. By refinancing, business owners can secure better terms on the loan, free up cash flow and reduce their overall borrowing costs. Loan Refinancing Consideration When considering loan refinancing, it’s important to analyze your current…

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  • How SBA Loans are Affected When Interest Rates Rise?

    As interest rates continue to rise, the cost of taking out SBA loans is also increasing. With an estimated decline in loan applications of 15 percent or more, small business owners are feeling the pain in their pocketbooks as they must now pay higher costs to take out loans. When Interest Rates Increase Interest rates…

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  • Is Merchant Cash Advance Right For Your Small Business?

    A Merchant Cash Advance (MCA) is a financial solution for small businesses that provides quick access to capital. It’s a lump sum loan that is repaid from the future credit card sales of the business. The repayment rate is flexible and tailored to fit with the cash flow of your business, meaning you can pay…

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  • How Do Interest Rates Affect Small Businesses?

    Interest rates have a significant impact on small businesses. When interest rates rise, it can become more difficult and expensive for small business owners to borrow money. This means that the cost of borrowing funds for expansion or investment in new products and services is increased. Additionally, rising interest rates can make it more difficult…

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  • What is a Business Line of Credit?

    A Business Line Of Credit (BLOC) is a type of financial tool available to businesses for short-term borrowing and lending. It typically consists of an approved line of credit from a lender, with the amount determined by the business’s creditworthiness. Businesses can access this source of capital as needed without having to secure additional funding…

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  • Pros and Cons of Debt Financing

    Debt financing is the process of borrowing money to pay for a business’s operations and investments. Debt financing can come in the form of secured loans, lines of credit, or other financial products such as bonds. Debt financing can be used for both short-term and long-term needs and provides a predictable source of funds that…

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