For roughly 80% of business owners, getting denied for a bank loan is a shared frustration. We’re here to help you understand the most common reasons (both quantitative and qualitative) a bank will deny your business loan, so you can make changes before applying for…
When it comes to taking on business debt, a common thread among small business owners is to avoid it at all costs unless absolutely necessary. While it makes sense that business owners or really anyone would want to avoid borrowing a penny more than what…
What are SBA Coronavirus Loans? In order to combat the economic downturn arising out of the novel coronavirus pandemic (Covid-19), the US government passed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to support individuals and small businesses. The CARES Act…
Getting a business loan can be an intimidating process, even if you’re a well established company. As many as 45% of small business loan applications are rejected, which is not the greatest number. We’ll walk you through a few quick tips, so you can increase…
The process of getting a small business loan can be daunting, not to mention dealing with different lending institutions and time consuming paperwork. With so many products and funding options out there, you might not be sure where to start from, especially if you have…
What is Cash Flow? Simply speaking, cash flow represents incomings and outgoings of cash within a business at a given timeframe (usually on a month-to-month basis). Having a good understanding of your cash flow is vital when it comes to your business’s overall financial health.…