December 15, 2021
Trucking companies often face cash flow problems due to the high costs of running their businesses. Fuel prices, tire replacements, and breakdowns can all lead to cash shortages, especially when you have to wait 30 to 90 days to get paid by your customers. One solution to this dilemma is freight factoring, also known as truck factoring. Here is some information to help you determine if this financing option is a good fit for your business.
Read More →December 8, 2021
Every franchise owner should want to grow his/her franchise, right? Growth is an important measure of success, but the reality is that owning a franchise requires lots of capital. So, adequate franchise financing is critical to both success and growth.
Good Reasons to Grow a Franchise
Growth by itself can’t make a bad operation good, but the growth of a good operation offers many benefits. First, growth provides an optimistic outlook for all shareholders and enables an owner to attract and keep talented employees as well as to secure needed funding. Growth reduces the risks faced by a business by expanding its customer base and its available resources. It also helps all employees increase their expertise. Growth helps to reduce unit costs and increase profitability. Wise franchise financing** **helps to undergird wise growth.
Read More →November 24, 2021
Every business owner has many things to worry about including effective staffing, smooth operations, and good customer relations. But paramount to these are the critical need for cash flow and profits. Without adequate cash flow, a business can’t survive, and without profits, there is no business future. Cash flow pays for the expenses of daily operations including paying employees, buying inventory, paying taxes, and resolving debts.
Why Cash Flow Management is Important
When a business owner properly understands, projects, and manages cash flow, he/she can properly steer the business. That means understanding and keying off the revenue cycles of customers, vendors, and changes in the market. It means understanding and responding to the high and low seasons of the year and properly handling changes in all expense categories.
Read More →November 17, 2021
Got a fix and flip project on your mind? Investing in a fix and flip starts with the financing- these types of investments are not typically eligible for traditional bank loans.
How Will you Finance Your Next Fix and Flip Project? Here are Some Suggestions:
Hard Money Lender
If you have investment experience, you might finance your project with a hard money loan from an investor in your company. That is, you may be able to acquire money from non-bank lenders, though you may pay more in interest. These loans also are more forgiving in terms of credit history, but they may have shorter repayment terms, too.
Read More →November 10, 2021
Why would a business want to rent or lease their equipment? There are many reasons, including lack of start-up capital, working toward establishing credit, or an unexpected issue that warrants a replacement. In these situations, equipment leasing makes good sense.
Consider These Benefits of Equipment Leasing:
Money Matters
Many equipment lessors do not ask for big down payments, making it easier for businesses to acquire the equipment that they need when they need it.
Read More →November 3, 2021
Did you know that healthcare financing can have a positive impact on the overall wellbeing of your patients and practice? Your patients that don’t have insurance or the funding to pay for healthcare can receive what they need, and you get paid on time. The truth is the high cost of healthcare can have more of an impact on your practice than you might realize and financing has several positive impacts.
Read More →October 27, 2021
At some point, you may find that your small business needs some capital. While it’s true that traditional loans are an option, another viable option is a merchant cash advance or MCA. This is a great option for businesses that collect payments via credit card because this is how the amount is repaid.
What is an MCA?
An MCA is defined as a lump sum of cash provided to a business against its future credit card sales. It doesn’t have the technical details of a traditional loan such as fixed repayment terms and collateral.
Read More →October 20, 2021
Now and then, even successful small businesses need access to cash- but there’s a problem. The process of securing business financing from lenders can be extremely time-consuming. However, there’s a tool known as a business line of credit that allows the business to fill out an application, borrow money, pay it back, and borrow more when they need it.
There are two types: secured and unsecured. We’re going to explain the differences in this article.
Read More →October 13, 2021
If you are a small business owner and need capital but don’t have the necessary qualifications for a conventional business loan, you may find that SBA loan programs are a viable option. SBA loans are provided through local lenders but are backed by the United States Government. There are several different SBA loan programs with funding that can be used for several different purposes.
The SBA loan programs are good because they typically offer lower interest rates than traditional loans and can be obtained with lower credit scores. In this article, we’ll take a closer look at some of the various SBA loan programs.
Read More →October 6, 2021
There are some advantages to starting a business as a franchisee, but there are still some considerable costs. You may need to acquire financing of some kind to help you. Don’t worry though, there are plenty of options out there to help.
Costs You Will Be Required to Cover
Before you open a franchise location, you must think about some of the associated costs and expected expenses. You’ll typically need thousands for each step and unless you have the cash available, you’ll need to get a loan.
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