Auto Added by WPeMatico
The balance sheet summarizes your business’s financial status as of a certain date. It follows the accounting equation: Assets = Liabilities + Owner’s equity. In non-accounting terms, the balance sheet tells you what your business owns (assets), what it owes (liabilities), and what the owner’s stake in the business is (equity). If you think of… […]
Balance Sheet: Definition, Uses and How to Create One Read More »
Millions of Americans live in places that aren’t well served by traditional financial institutions. Community Development Financial Institutions (CDFIs) fill a need in underserved communities in every state. Learn about the types of CDFIs, how they work, and why they’re important. The post What Is a CDFI (Community Development Financial Institution)? appeared first on Money
What Is a CDFI (Community Development Financial Institution)? Read More »
Small-business owners are faring OK financially right now, but their worries about the future are mounting, according to a new Small-Business Financing Index from NerdWallet. This is the first installment of the NerdWallet SMB Financing Index. It tracks and weights data from multiple sources, beginning in December 2021. Future index readings are always relative to…
Small Businesses Are Steady Now but Worry About the Future Read More »
Whether you’re looking to buy a home now or planning for the future, an affordable mortgage is within your reach, even if you’re self-employed. You just need to know how to make your application more appealing to lenders and what options you have. The post How to Get a Mortgage Loan if You’re Self-Employed With
How to Get a Mortgage Loan if You’re Self-Employed With Fluctuating Income Read More »
An H-1B visa holder may find it difficult to start a business as well as obtain the funding they need. When pursuing a business opportunity, visa holders must be careful to follow the regulations that apply to the visa program in order to not compromise their H-1B status. In addition, when a lender is considering…
How to Get a Business Loan as an H-1B Visa Holder Read More »
PayPal is a digital payments company founded in 1998. Known for creating the world’s first digital payments platform, PayPal streamlined the way people and businesses send and receive funds with its user-friendly solution. » MORE: PayPal Business review While still best known for its familiar payment platform, PayPal has grown by leaps and bounds since…
What Is PayPal? A Guide for Small Businesses Read More »
According to the National Restaurant Association, small-business restaurants tend to have a pretax profit margin of only 3% to 5%. If you own a restaurant, here’s what you need to know about profit margins and some simple steps you can take to increase yours. » MORE: Best restaurant accounting software Profit margin basics Profit margin…
How to Increase Your Restaurant Profit Margin Read More »
A personal guarantee is a legal agreement between you and a lender that holds you personally responsible for your business’s debt in case of default. If your business can’t repay the loan, the lender can seize your personal assets to cover the debt and recoup its losses. Many lenders require a personal guarantee because it…
Are SBA Loans Personally Guaranteed? Read More »
Pay equity is a legal obligation for businesses of all sizes. However, it can also be viewed as an opportunity to advance your brand, build your client base, and recruit and keep capable employees. No matter where you are in your business life cycle, pay equity can be embedded in the structure of your organization….
How a Business Can Move Toward Pay Equity Read More »
Startup businesses can get financing from a variety of lenders, but bank loans are typically off the table for businesses with very little revenue and time in business. Banks shoulder some level of risk when they lend funds to any business, but startups are especially vulnerable to defaulting on loan payments because they’re still putting…
Why Can’t Startup Businesses Get Bank Financing? Read More »
Grants provide free money you don’t have to repay — making them a highly desirable form of business funding. However, though they don’t require repayment, small-business grants may have tax implications for your business. Here’s everything you need to know. Most business grants are taxable A business grant is usually considered taxable income — unless…
Are Business Grants Taxable? Read More »
Medical business loans, or practice loans, are designed for physicians and other health care professionals to finance medical, dental, vision care and veterinary practices. These loans can offer financing for established operations, new practices and the acquisition of existing businesses. These unique business loans are often found at traditional banks and sometimes offer perks you…
Medical Business Loans: What They Are and How to Choose One Read More »
Applications for the Amazon Business Line of Credit are no longer being accepted, as of this writing. Business owners who are interested in the Amazon Business Line of Credit can explore other credit options offered by Amazon, as well as those offered by banks and alternative lenders. Amazon business credit options Besides its Business Line…
Amazon Business Line of Credit Alternatives Read More »
Construction equipment — like bulldozers, excavators, forklifts and cranes — is a huge investment for small businesses, and purchasing it outright oftentimes isn’t an option. Banks, the U.S. Small Business Administration and online lenders offer equipment financing through business loans. The right choice for your business depends on your credit score, time in business, cash…
Ways to Finance Construction Equipment: Lenders and How to Qualify Read More »
I’ve heard it said that to become an expert at something, you must have worked at it for at least 10,000 hours. After that amount of time, you’ve likely experienced enough scenarios regarding a subject that you could be considered an expert. Some of you could be considered experts in your field. I have been
Selling My Business: The Lessons I’ve Learned Read More »
A commercial construction loan is a kind of business loan that helps your company cover the costs associated with building or renovating structures. You can use these construction business loans to purchase land, buy materials and pay workers. A commercial construction loan can help you keep your balance sheet manageable during a build, since lenders…
Commercial Construction Loans: What They Are and Where to Get One Read More »
According to the Federal Reserve’s 2021 Small Business Credit Survey, banks remain the most common source of credit for small businesses — compared with options such as online lenders, community development financial institutions or credit unions. You can use a business bank loan for a variety of purposes: working capital, real estate acquisition, equipment purchase…
Advantages and Disadvantages of a Business Bank Loan Read More »
Fidelity bonds are insurance policies that protect a business’s finances in case an employee steals from the business or commits fraud. Fidelity bonds are also known as employee dishonesty insurance. You can buy a fidelity bond on its own or as part of a commercial crime insurance policy. Consider purchasing this coverage if your employees…
Fidelity Bonds: What They Are, How to Get One Read More »
Managing inventory is a task that can make or break your small business. With too much inventory, profits suffer and storerooms overflow. With too little, items get back-ordered, customers get frustrated and business is lost. And striking a balance is hard, especially with disruptions to the global supply chain in the last few years causing…
5 Ways to Control Your Inventory So It Doesn’t Control You Read More »
Entering into entrepreneurship is a daunting task. In truth, there will be many moments where you just feel like giving up. There will be many sleepless nights and long days. Similarly, there will be plenty of naysayers with an infinite number of reasons why you’ll never make it. But you’ve got what it takes to
The New Business Owner: Attitude and Success Part II Read More »