If you are like many other business owners, you are probably trying to figure out how to get the most out of your business, and how to make your business work for you. Increasing advertising, upgrading equipment and purchasing inventory are all things that could increase sales for a business. But what do […]
Credit cards are becoming more and more widely used in the United States, making credit card advances an increasingly relevant method of business financing for small businesses in particular. In 2006, there were over 984 million bank-issued Visa and MasterCard credit card and debit card accounts in the United States, and over 450 million […]
In the midst of a credit crunch, big banks say they are still willing to provide small business loans, but only to those whom they feel are capable of repayment. Obviously, one of the major factors that banks use to determine whether an applicant is capable of loan repayment is credit score, leaving businesses […]
Many merchant business owners may have not yet gotten a credit card advance because they are unaware of the many benefits they can bring a business. Accustomed to traditional methods of business financing, some small business owners opt not to get a credit card advance due to fear of the unknown or reluctance to […]
The number of minority owned businesses has been steadily increasing since 1982. According to statistics released by the Small Business Administration in 2007, between 1982 and 1997 “…the number of minority-owned firms increased at a rate of 8.5 percent per year…” This percentage is three times that of all U.S. businesses. The […]
The new wave in small business financing doesn’t only mean more and more opportunities for non-traditional small business lenders. It also brings an upsurge in opportunities for small business owners who would not have thought twice about such methods of financing had bank loans remained as easy to obtain as they have been in […]
For most of us, the holiday season means a chance to create warm memories with friends, family and loved ones. But for years, it has also meant crowded shopping malls and stores, and the emptying of tons of money from consumers’ pockets.
Retailers usually expect to experience their highest sales volumes during this […]
You have plans to expand your business. You’ve outlined everything that you want to do, and now all you need is the money to take these plans off of the paper and put them into existence. You’ve already gone the bank route before, only to find that your credit score was not high […]
What is the key to small business success? Some will say it is determination, some may say adequate business financing, and others will still say it is all left up to chance. Whether or not there is a secret ingredient to the recipe for a prosperous small business, one thing is certain; everyone […]
A recent article titled “The Frozen Economy,” details the effects that the current state of our economy is having on Americans. Frozen - motionless, still, cold, unfriendly, frigid; there couldn’t have been a better word choice. From the stay at home mom in Omaha, Nebraska, to the big Wall Street businesses and everyone […]
There could be many possible reasons why you have yet to acquire the much needed funds for your business. With such an abundance of various types of financial lenders, you may feel bombarded and overwhelmed with the options. You care for your business and only have your business’ best interest in mind, so […]
Seeing the words “bad credit” and “business loan” together in today’s economy may seem almost paradoxical. In the United States, a low credit score is like a scarlet letter, warning others of potential risks. Whether you want to purchase a car, open a cellular phone line, or even rent an apartment, your credit […]
Remember high school? As soon as you set foot on the campus you were already looking forward to lunch, counting down the minutes and seconds until you would finally be able to eat and enjoy the company of your friends. You sat through Math, English and History but when the bell signifying the […]
Retail, wholesale and service businesses account for about 70 percent of total economic activity in the United States.
Based on surveys conducted by the U.S. Census Bureau, in 2006, retail and food service firms had an estimated total of over $8.6 billion in expenses, and made purchases totaling over $2.7 trillion dollars.
It is not about regulation and de-regulation, as Washington lawmakers would like you to believe. It is also not about the inability to control derivative transactions, as self-styled experts are claiming on your television sets. In fact, if the facts are closely scrutinized, the alarm bells are all ringing the wrong jagged tune. What we […]
When defining the term small business loan, it is important to understand the definitions of both a small business and a loan. In the United States, a small business is defined as a privately or independently owned and operated business that employs less than 100 people. And a loan is defined as something […]
Owning a restaurant can be a fun and rewarding experience. Unlike many other businesses, as a restaurant owner you get the joy of experiencing customer satisfaction first-hand. As patrons take their seats and partake in lively conversation and good food, you are constantly reminded that your business is a success. But just […]
Adverse credit history, also called sub-prime credit history, non-status credit history, impaired credit history, poor credit history, and bad credit history, is a negative credit rating.
A negative credit rating is often considered undesirable to lenders and other extenders of credit for the purposes of loaning money or capital.
When running a business it is very important to be organized. Keeping track of taxes, income, etc., is necessary when running a business, but doing so can be extremely difficult without having some type of system of organization.
Further stressing the importance of organization, MSNBC offers five tips on how to stay organized […]
According to Wikipedia, generally, a corporation is given many of the same legal rights of an actual person, but unlike general partnerships and sole proprietorships, a corporation has legal independence from the person or people who created it. In other words, a corporation and its owner(s) are viewed as separate legal entities.
Usually, […]