WHAT TO DO WHEN YOUR BUSINESS HAS CASH FLOW PROBLEMS

March 7th at 10:25pm

In business, we focus a lot on profit, but it’s easy to forget that operating with a positive cash flow can be just as important. Companies can be profitable and yet not have adequate cash flow – in a worst-case scenario, insufficient cash flow in a business over the long term leads it to bankruptcy. To properly manage your business’s cash flow, you must first analyze the components that affect the timing of your cash inflows and cash outflows. A good analysis of these components will point out problem areas that lead to cash flow gaps for your business. Narrowing,…

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LONG TERM LOANS FOR YOUR SMALL BUSINESS

February 22nd at 10:07pm

A long-term business funding is type of funding that is paid back over a longer period of time. The lender funding the borrower a set amount of money for business expenses, such as purchasing a commercial vehicle or real estate, buying equipment, or hiring new employees. Long-term funding can run for as long as 10 or 20 years and include additional requirements such as collateral and limits on the amount of additional financial commitments the business may take on. Upside: Term funding are often the best option for established small businesses. With the help of a long-term funding, the business…

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BUILD GOOD CREDIT FOR YOUR SMALL BUSINESS

October 27th at 2:54pm

If your business is new, you may not be thinking about taking out funding just yet, but the day may come when you do. Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From startup costs to new expansion strategies, establishing a strong business credit profile with diverse accounts early on can help make your immediate and future business plans a success. Eight steps to establishing your business credit: Incorporate your business. Obtain a federal tax identification number (EIN). Open a business bank account. Establish a business phone number. Open a business…

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