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Payment terms are the conditions of a sale. They’re usually associated with invoice payments, and specify how and when clients provide payment for goods or services. Terms include when payment is expected, accepted payment methods and any discounts for early payment and/or late fees. They help confirm expectations for clients and business owners alike, ensuring… […]
Payment Terms: How to Use Them for Small Business Read More »
Self-checkouts can take many forms, from grocery store kiosks to QR codes at restaurants. Including self-checkout hardware or software as part of your business operations gives customers the option to order and pay for their items without having to interact with an employee. Self-service point-of-sale systems can be essential for some businesses but inconvenient for…
Self-Checkouts: Pros, Cons and How Businesses Can Use Them Read More »
If your business has employees, most states require you to carry workers’ compensation insurance. But whom you have to cover and how you buy this insurance will depend on where you work. Here are the workers’ compensation insurance requirements by state, plus information on different types of coverage and common exceptions states may offer. Workers’…
Workers’ Compensation Insurance Requirements by State Read More »
Fintwist is a payroll card company that allows employers to provide multiple employee benefits, including paycard payments and on-demand wage access. The products are geared toward employers with hourly workers — including full-time, part-time and contract employees — who need faster access to paychecks or may not have bank accounts. However, while paycards have the…
Finding and applying for business financing can be time-consuming and complicated, especially if you don’t have much experience with the process. Business loan brokers can save you time, offer industry knowledge and hopefully help you get the best small-business loan offer. But they aren’t necessary for every business. Here’s what you need to know about business…
Business Loan Broker: Do You Need One? Read More »
Business owners can often save time and money by consolidating high-interest business debt onto one balance transfer business credit card. These cards offer 0% APR for a set period of time, typically nine to 18 months, allowing you to pay your debt interest-free. We’ve rounded up the best balance transfer cards for businesses, including options…
Best Business Credit Cards for Balance Transfers Read More »
QuickBooks Payments is a sensible payment processing solution for small businesses that already use QuickBooks for accounting, need to accept invoice payments and don’t require other third-party payment integrations. It’s an especially strong choice for businesses that provide services to other businesses, then bill them through QuickBooks Online. However, customer service isn’t 24/7 and the…
QuickBooks Payments Review 2022: Cost, Features, Alternatives Read More »
Errors and omissions, or E&O, insurance can protect insurance agents from a slew of financial risks, such as mistakes in their work or missing deadlines that affect client coverage. Here’s how it works and what to know about getting E&O insurance for insurance agents. What is errors and omissions insurance for insurance agents? E&O insurance…
How to Get E&O Insurance for Insurance Agents Read More »
A third-party payment processor is a provider that allows a business to accept payments without opening its own merchant account, a bank account needed for holding money earned from card payments. These processors generally offer fast setups, charge flat-rate fees and process transactions from several merchants into shared merchant accounts to reduce operational costs. » MORE: How to…
What Is a Third-Party Payment Processor? Read More »
Balboa Capital is an online lender that provides small business loans and equipment financing. Like alternative lenders, you can apply online for funding and receive funds within a few days. In return, you can expect high interest rates and a frequent repayment schedule. Overview: Balboa Capital pros and cons Pros Easy access to financing with…
Balboa Capital Review Read More »
The ecommerce fulfillment industry is booming and fulfillment centers are springing up around the globe. With so many options, picking the best fulfillment center for your ecommerce business can be a challenging task. Costs, services, minimum requirements, and account management all vary greatly among providers, so finding the perfect partner takes some serious homework. 7 best…
Best Ecommerce Fulfillment Centers for Small Business Read More »
The state of Iowa offers several financial resources for entrepreneurs who want to start or grow a business in the Hawkeye State. If you’re wondering how to get a small business loan in Iowa, know that eligibility for these small business loans and grants varies depending on the stage of your business, your company’s impact…
How to Get a Small Business Loan in Iowa: 7 Top Local Funding Options Read More »
Picking the best retail business loan for your specific needs means knowing where to look. We suggest you start with the top six business loans for retail: SBA 7(a) loans. Best for general expenses. SBA 504/CDC loans. Best for commercial real estate. Business lines of credit. Best for sustained cash flow gaps. Short-term loans. Best for time-sensitive…
The 6 Best Retail Business Loans, According to Your Needs Read More »
If you’re a born entrepreneur, there’s little more exciting than hitting upon a business idea that you know you can spring from your imagination and into the real world. Of course, just like full-fledged operations, business ideas need capital to thrive. The next step is to use that momentum to figure out how to get…
How to Get Funding for a Business Idea With Equity or Debt Financing Read More »
During the 2008 economic crisis, the state of Michigan was one of the hardest hit in the country, owing mostly to the state’s automotive and manufacturing sectors. However, Michigan has now bounced back with steady job growth. If you’re starting or expanding a business in Michigan, a great way to secure capital is with small…
Small Business Loans in Michigan: The Top 6 Options Read More »
The U.S. Small Business Administration (SBA) offers a few different types of business loans to finance the purchase, improvement, or renovation of real estate. SBA 504 loans are specifically designed for financing real estate and other fixed assets, but the 7(a) loan can also prove to be a viable option. SBA real estate loans can be tough…
SBA Real Estate Loans: A Guide to the Best Options Read More »
If you’re looking for small business loans in Colorado, you’re not alone. Colorado has over 600,000 small businesses, and nearly half of the state’s workers are employed by small businesses. Many successful small business owners reach a point where they need capital to launch new products, hire more workers, or expand their services. In Colorado,…
Small Business Loans in Colorado: The 5 Best Options Read More »
A break-even analysis is a critical step in managing small business finances. If you are just starting a business, you can use this analysis to figure out if your business idea is worth pursuing. And if you are already knee-deep in your business, this analysis can help you determine if you need to take cost-cutting measures or…
Break-Even Analysis: What It Is and How to Calculate Read More »
Cake is a cloud-based point-of-sale system for restaurants, bars and cafes, both large and small. For restaurant owners looking for a customizable system, it’s a solid choice. The company carries its own splash-resistant terminals and sells software packages that include real-time reports, menu management, floor management and a suite of integrations for restaurant accounting and…
Cake POS Review 2022: Restaurant Features, Pricing, Alternatives Read More »
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 »
