We found and expanded upon 10 really good questions to ask a potential lender before signing any invoice financing agreement. Most of these questions are relevant to any new lending arrangement and can help you to make sure you are working with the right partner.
Purchase Order Financing is a key piece of the Working Capital puzzle for any SMB. A PO Financing facility allows you to ship faster, take on larger orders and improves your bottom line.
Saving money in your personal life to start a new company can be done in the short term with relatively little pain if you plan right and cut down on your expenses as much as possible.
It is extremely important to understand all of the fees associated with a loan. To be sure you are not being sold a low APR where the real APR is much higher given the existence of other fees during the life of the loan. In this article we discuss common hidden fees to be on the look out for.
Choosing the right financing arrangement for your business doesn't have to be complicated. The most simple options, Merchant Cash Advance, Term Loans or Invoice Financing, are often the right choice for your business and typically require the fastest and easiest paths to getting that working capital that you need now.
The decision of whether to seek professional help for your bookkeeping and tax filing is an individual one, since all companies are different. Make sure you understand the complexities of your company and discern if you can handle the ever changing laws and tax regulations that affect your business before taking on this task yourself.
The financial health of your company is of vital importance to the success of your business. Knowing where your revenue comes from and your expenses go to may seem like a simple idea but many businesses do not have a full understanding of this flow.
SMB owners who understand the key factors that go into a lending application and take the time to organize both their history and their projections as well as strong business plan will have a much higher likelihood of success.
There are a large variety of lending products available to small businesses and choosing the right one for your needs, both now and in the future, is a vital component to having the financing to grow and succeed.
Using responsible personal financial habits can help you in your business ventures. Create a strict planning and spending regimen to give your life and your buisness a boost, which allows you to concentrate on the important things to grow your company.