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ALL ABOUT EQUIPMENT FINANCING
March 19th at 4:46pm
Equipment finance is common business funding that is offered to help improve cash flow and also improve working capital. It typically involves a funder giving a business finance that is secured by a piece of equipment. Here are just some of the small business needs you can cover with equipment financing: Forklifts, workbenches, and conveyor beltsPoint-of-sale payment processing software and hardwareCommercial ovens, grills, deep fryers, freezers, food processors, and moreOffice furniture and fixtures – everything from cubicles and desk sets to rugs and lightingSoftware, including operating systems, CRMs, and moreAppliances like telephones, refrigerators, coffee makers, and moreFood trucks, delivery vehicles, company cars, and trailersSolar…
NIKE – JUST DO IT
March 12th at 4:35pm
Nike has done it again. They’ve turned heads, they’ve shown their brand mentality and they have got people talking about them. This week, they celebrated the 30 year anniversary of their “Just Do it.” slogan. But lets take a quick look at Nike’s famous Just Do It marketing campaign. The campaign started in 1988 and was heavily run alongside sporting celebs and everyday people through to 1998. In that time, Nike went from sales of $877m to $9.3bn. The tagline was not only adopted by many other brands but was also an inspiration for other companies to create their own.…
THE MOST PROFITABLE COMPANIES
March 5th at 4:39pm
As an example of how economic power is shifting from the U.S. to other countries, U.S.-based companies represent only 4 of the top 10 by profits, and just 2 of the top 10 by revenues. Profit leaders include Apple Inc. (AAPL) in 2nd place, JPMorgan Chase & Co. (JPM) in 6th, Alphabet Inc. (GOOGL) in 7th, and Bank of America Corp. (BAC) in 9th. Apple has nearly twice the annual profits of JPMorgan Chase ($59.5 billion vs. $32.4 billion), but only about half that of Saudi Aramco ($111.0 billion). The World’s 10 Most Profitable Companies Saudi Aramco – $110.9 billion.Apple…
INVENTORY BUSINESS FUNDING
February 27th at 7:47pm
If your business requires on-hand inventory, and looking to finance production or get business funding based on current inventory, the following information may be useful. Inventory financing is an asset-backed, revolving line of credit or short-term funding made to a company so it can purchase products for sale. Those products, or inventory, serve as collateral for the funding if the business does not sell its products and cannot repay the funding. Inventory financing is especially useful for businesses that must pay their suppliers in a shorter period than it takes them to sell their inventory to customers. Inventory financing is a popular…
SMALL BUSINESSES IN USA – INTERESTING FACTS
February 20th at 7:19pm
There are 30.2 million small businesses in this country, which comprise a whopping 99.9% of all United States businesses. As a note, we pulled this statistic from the SBA Office of Advocacy, which defines a small business as a firm with fewer than 500 employees ● Firms with fewer than 500 workers accounted for 99.7 percent of those businesses. ● Firms with fewer than 100 workers accounted for 98.2 percent. ● Firms with fewer than 20 workers made up 89.0 percent. ● Employer firms with fewer than 500 workers employed 46.8 percent of private sector ● Employer firms with fewer than 100 workers employed 33.4…
DOES THE FEDERAL RESERVE INTEREST RATE AFFECT YOUR BUSINESS?
February 13th at 9:54pm
Before you understand how a change in federal reserve cost of working capital affects your business you should first know what the Federal Reserve is trying to do. The goals of Fed monetary policy are (1) support sustainable growth in the U.S. economy, (2) support high employment and (3) keep prices stable. The Fed accomplishes these goals through managing the amount of money in circulation and in accounts at commercial banks. One of the Fed’s tools for managing money is to change cost of working capitals. High cost of working capitals make money more expensive and contract the amount of money…
TYPES OF BUSINESS FUNDING
February 6th at 9:47pm
There are 6 main types of business funding: SBA funding, business lines of credit, invoice factoring or financing, business term funding, equipment financing, or a merchant cash advance option. 1. SBA Funding The USA’s Small Business Administration partially backs funding that range from $5,000 up to $5 million to help out small businesses, although the funding are actually provided by online funders and commercial banks. SBA funding can be used for almost any business purpose and have low APR rates and long repayment terms, but the application process is long and time-consuming. 2. Business Term Funding With a traditional business…
DO NOT USE YOUR PERSONAL CREDIT CARD TO FINANCE YOUR BUSINESS
January 30th at 9:45pm
Credit cards offer a quick way to get cash advances, purchase equipment, finance inventory, etc. A quick phone call to your credit card company can cause an increase of your credit limit and can offer immediate availability of funds. However, as a business owner, you must know that in many cases, credit cards can become a problem if used to finance your business. Business advisors highlight the following reasons why you should stay away from credit cards when funding your company: Credit cards can have a higher cost of working capital than business funding, or start with a lower and attractive cost of working capital but convert…