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HOW TO PREPARE FOR SMALL BUSINESS FINANCING
February 27th at 10:31pm
Traditional bank funding can be hard to attain, especially for a business acquisition. This is rarely the only form of funding, however, and often involves funding or seller financing in addition. Assumption of debt: With this financing option, you essentially purchase both the business’s assets and liabilities. Planning is the key to getting that business funding you need for starting a business or for business expansion and change. Key Steps to a Successful Business Funding Proposal Gather and Update Business Records. Prepare a Business Plan. No self-respecting business funding can expect to be successful without some kind of business plan. You need…
Why It’s the Right Time to Open a Business in Maryland
February 27th at 4:55pm
Maryland is brimming with small business opportunities. So, aspiring entrepreneurs don’t need to hold their breath and wait to get their ideas off the ground. It’s time to make a move. Find out what makes this state so special when it comes to business, and how you can get yours started this year. Supporting Small Business: You recognize the saying that small businesses are the backbone of the economy. When it comes to Maryland, this statement is very true. Small businesses make up 99.5% of all businesses running in the state. That’s a small sliver away from comprising the entire…
MERCHANT CASH ADVANCES ARE HOT
February 25th at 11:00pm
Today’s small businesses don’t need to rely on big banks for financing options. Over the past decade, there has been a rise in alternative funding platforms that make it easier and faster for startups and small businesses to find the cash they need when they need it. When business owners consider applying for a merchant cash advance (MCA), it is usually because they are in need of cash flow immediately, have poor credit, or haven’t had success with traditional funding applications. MCAs give business owners flexibility as funds can come through to their bank accounts within days and the transaction requires…
BUSINESS NETWORKING – TIPS FOR ENTREPRENEURS
February 22nd at 5:25pm
Business networking simply refers to building and cultivating relationships with people of similar interests in ways that can benefit all parties. Whenever people gather for Chamber of Commerce socials, join professional associations, go to conventions, or ask friends for introductions or recommendations, they’re networking. Many people network to get leads for new business, but networking can also help you find a job, change careers, hire good employees, sell products, improve your business practices or accomplish any number of professional goals. Today’s professionals use traditional forms, but they also have other choices for business networking. They might join groups, attend networking events or…
WHY IS YOUR BUSINESS CREDIT SCORE IMPORTANT
February 22nd at 5:09pm
A business credit score tells funders how likely you are to repay them in a timely fashion. Your scores can be found at Dun & Bradstreet, Equifax and Experian. These scores may help you secure better terms the next time you apply for small-business funding or get an insurance policy for your business. The same way your personal credit score is the key to your personal finances, your score is the key to your business finances, and therefore, plays a large role in the growth and success of your operations. Your business credit score will ultimately be one of the deciding factors that contribute to your ability to secure…
BEST BANKS FOR YOUR SMALL BUSINESS
February 20th at 10:17pm
Having a good bank relationship can benefit you here because if the bank understands your business they may be able to understand fees or you could negotiate lower fees with them. Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow. It is critical when running a business that you avail of the services of a bank. Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow.…
Is Virginia One of the Top States for Entrepreneurs?
February 20th at 4:51pm
You know that the state of New York has a tireless work ethic since it famously hosts the city that never sleeps. You know that California is a great place for innovators and inventors pushing the boundaries of tech since it’s the homeplace of Silicon Valley. But, do you know what the state of Virginia offers for people looking to start a business and succeed? If you’re an entrepreneur or even an aspiring entrepreneur, you should read this to learn the pros and cons of running businesses in Virginia. A Brief Look at Virginia According to the U.S Small Business…
Expand Your Business with Merchant Cash Advance
February 18th at 10:15pm
Cash flow issues are a concern for most small and mid-sized business owners. In fact, many small business owners find it difficult to manage growth because of concerns about funds. Having access to the right funding makes it easier to support business growth. There are many different choices out there, but a merchant cash advance might be one you want to consider. Here’s how it works: A merchant cash advance provider gives you an upfront sum of cash in exchange for a slice of your future sales. Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance you make daily or weekly payments, plus…