New Survey Sheds Light on Slow Adoption of EMV Cards A new survey from TD Bank finds that several factors are holding back small business owners from quickly adopting cards with embedded chips, known as EMV (Europay, MasterCard and Visa) cards. EMV cards are more secure than the older magnetic strip variety, which means their […]
New Survey Sheds Light on Slow Adoption of EMV Cards Read More
How Inventory Management Can Make or Break Your Small Business All small businesses are focused on driving sales in order to boost revenue, but businesses that sell goods rather than services have the unique challenge of managing their inventory in a way that maximizes their profits. Small business owners rely heavily on the profitable sale
Maximizing Profits With Better Inventory Management Read More
Banks operate under a different set of specifications when it comes to business lending. They often offer many additional services, and as such, have traditionally taken a more conservative approach to selecting businesses to lend to. The most obvious characteristic that banks emphasize is credit score. Less than 800 (out of 850), and they’re usually
Why Your Business Might Wow an Online Lender but not a Bank Read More
Congratulations. You’ve made it past the first year in business. That’s no small feat, as the Small Business Administration points out that 20 percent of small businesses fail in their first year. Sure, there are no guarantees when you open a business, and things can always change, often due to forces beyond your control. Nonetheless,
5 Things You Should Have Done by Your 2nd Year in Business Read More
We are not out to discredit banks or bankers, but we do believe that many potential borrowers make unwarranted assumptions about banks that we’d like to clear up. The bottom line is that sometimes a bank is a good place to get a small business loan, and other times it’s not. Banks Are Not Impartial
5 Things Your Bank Won’t Say About Small Business Lending Read More
There is nothing unusual about a small business seeking to borrow money. The two biggest questions the owner must face are: How much will I be able to borrow? How much interest will I pay? The two questions are interrelated, because they are tied to how a lender evaluates your loan application. Whereas banks look
The 3 Key Factors That Determine Your Rate for a Business Loan Read More
Running a small business can be quite rewarding, but it’s also risky. When the economy is brisk, a good business should do well. But economies can suddenly turn down. Furthermore, even if other industries are doing well, you may run into problems confined to your sector or even to your individual business. Whether the issues
3 Ways to Survive An Unexpected Economic Downturn Read More
Small companies must be very careful when it comes to spending, because they usually have finite resources. There are definitely good and bad times to expand your business, having to do with your own goals and the state of the overall economy. When done with foresight, spending can grow your market share and increase your
The Right and Wrong Times for Spending Read More
There are times when firing an employee is the right thing to do. It may sound harsh, and yes it is, but sometimes it’s truly the best option in a given circumstance. Sure, you want to do whatever you can to rectify negative situations, but there are times, when that just doesn’t work. Here are
Why Firing Might Be the Right Decision Read More
Owners of small businesses – take notice! 2016 is shaping up to be the best year in the last eight to take out a business loan. Why? Our economy is in better shape now than at any point since the Great Recession, meaning now is the time to expand your business. Interest rates remain low,
Why This Might be The Best Time to Take Out a Business Loan Read More