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An Economic Injury Disaster Loan, or EIDL, is a 30-year loan of up to $2 million from the Small Business Administration for small businesses that are in disaster areas and can’t pay their ordinary and necessary operating expenses. The interest rate can’t exceed 4%. How EIDL loans work EIDL loans provide the working capital a… […]
EIDL: What Are Economic Injury Disaster Loans? Read More »
Regularly reviewing your financial statements is essential to the health of your business. Doing so can help you identify trends that could signify problems in your business so you can address them before they become insurmountable. Beyond identifying problems, though, regular financial statement analysis also helps you identify opportunities for growth and profitability improvements. Common…
Common Size Analysis of Financial Statements: Formula and Examples Read More »
When you have debts, it’s wise to be able to quickly and easily put your hands on the details of that debt. Especially since most debts require a periodic payment and interest is accruing. A business debt schedule, much like it sounds, is a list of all the debts your business currently owes. This can…
What Is a Business Debt Schedule? Read More »
Inventory management software is an important part of starting and running a business, but it can be really expensive. These free inventory software options will help you keep costs down, and they actually work. Sure, they may not all have the bells and whistles of software you have to pay for, but they might have…
Best Free Inventory Software and Apps of 2022 Read More »
Of the many forms you can expect to complete when applying for an SBA loan, SBA Form 413—also referred to as the “SBA personal financial statement”—is one of the most essential. This form factors into how the SBA determines your ability to repay an additional debt and, by extension, your eligibility for an SBA loan. Although at first…
SBA Form 413: How to Fill out the Personal Financial Statement Read More »
Tail coverage is an add-on for certain business insurance policies that can give you additional time to file a claim. It’s sometimes known as tail insurance or an extended reporting period. You’ll have to pay extra to add tail coverage to your business insurance. But if you rely on a claims-made policy like professional liability…
What Is Tail Coverage for Business Insurance? Read More »
A small-business credit card can keep your company spending separate from your personal spending, better manage your business finances, and build business credit. Learn how to get one. The post How to Get a Business Credit Card – 5 Simple Steps appeared first on Money Crashers. https://www.moneycrashers.com/how-to-get-a-business-credit-card/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success
How to Get a Business Credit Card – 5 Simple Steps Read More »
Starting an insurance agency is a lot like starting any business. You’ll need to choose a business structure, register and license your business, get insurance and more. But you’ll also need to become a licensed insurance agent and learn how to navigate a highly regulated field. Here’s how to get started. 1. Become a licensed…
How to Start an Insurance Company Read More »
As a small-business owner, the demands on your time are constant. Even if you don’t have a family to consider outside of work hours, you wear multiple hats at all times. You’re responsible for the vision of the company and may have to shoulder most or all of the execution, as well. And, if your…
Can’t Keep Up? 4 Best Practices to Simplify Your Small Business Read More »
Authorize.net is a go-to payment gateway provider that handles more than 1 billion transactions annually, has transparent pricing and offers 24/7 customer support. With Authorize.net, businesses can accept all major credit and debit cards, Apple Pay, PayPal and electronic checks. The gateway supports online payments, as well as in-person payments (through a compatible point-of-sale terminal or…
Authorize.net Gateway Review: Pricing, Features, Alternatives Read More »
When it comes to helping out small businesses, cash is king. The best way to make sure your local mom-and-pop bookstore or coffee shop stays in business is by shopping there as possible. But for those of us on a budget, extravagant spending sprees aren’t always an option. So let’s take a look at some
6 Budget Friendly Ways to Support Small Businesses Read More »
Many entrepreneurial kids are constantly looking for ways to earn money, and with it increase their independence. Aspiring young entrepreneurs can benefit from your guidance, experience, and mentorship. Learn tips for how to help when your child, tween, or teen stretches their small-business wings. The post 15 Tips for Young Entrepreneurs Who Want to Start
15 Tips for Young Entrepreneurs Who Want to Start a Successful Business Read More »
Shop Pay is a payment service provider that lets customers save their email address, credit card and shipping and billing information so that checkout on a business’s website is faster. What is Shop Pay? Owned by Shopify, Shop Pay is an online checkout system that small businesses can use to help customers pay faster by…
What Is Shop Pay and How to Use It Read More »
One of the biggest challenges new freelancers face is setting their rates. Charge too high and you could alienate good clients with tight budgets. Charge too low and you may leave money on the table. Learn the step-by-step process for how to set freelance rates that are both competitive and fair. The post How to
How to Set Your Rates as a Freelancer – Charge What Your Worth Read More »
Stripe and Shopify are both popular tools for online businesses, but the products are inherently different. Stripe is a payment service provider that allows small businesses to accept and process payments online. Shopify, on the other hand, is first and foremost an e-commerce platform. Shopify gives you the ability to create, customize and manage an…
Stripe vs. Shopify: Which Is Right for Your Business? Read More »
Leaders Merchant Services’ reputation precedes it, and it’s not a good one. Customer complaints and negative reviews cite deceptive sales tactics, surprise fees and customer accounts being closed without warning. Business owners should proceed with caution and consider alternative merchant service providers before signing a contract with LMS. What is Leaders Merchant Services? Leaders Merchant…
Leaders Merchant Services Review: Pros, Cons and Alternatives Read More »
Point-of-sale software products allow businesses to accept customer orders, collect sales data and organize day-to-day operations on computers or mobile devices. There are several free POS software products available, including those with features such as inventory tracking and integrations with accounting software. Generally, you’ll have to pay for more advanced features and add-ons like POS hardware, such…
Best Free POS Software of 2021 Read More »
Stripe and PayPal are payment service providers, or PSPs, that help small businesses accept payments online. PayPal may be better for small businesses looking for a simple online payments system that integrates into their e-commerce platforms. But if customization is a priority for you, consider Stripe instead. Here’s how these options stack up. What to…
Stripe vs. PayPal: Which Is Right for Your Business? Read More »
To protect your e-commerce business from potential lawsuits, accidents and disasters, you’ll likely need multiple types of business insurance. Most online stores should have general liability insurance and product liability insurance to protect against some of the most common risks e-commerce retailers face, such as customer injury and property damage. In fact, some third-party platforms,…
E-Commerce Business Insurance: Coverage Options and How to Get It Read More »
Virtual terminals are web apps that allow a computer, tablet or smartphone to process card payments without a card reader or point-of-sale hardware. They are primarily used by businesses that receive orders by phone, fax, email or mail — transactions where the customer is not present. After the customer’s credit card details are manually entered, the…
Virtual Terminals: How Businesses Use Them and Best Options Read More »
