Best Equipment for Auto Repair Shops
Have you been dreaming of opening your auto repair shop one day? It is the next step in the journey of every aspiring mechanic. However, just your amazing mechanic skills are not going to be enough for opening an auto repair shop. Most auto repair shop owners would agree that EQUIPMENT IS KING when it […]
Equipment Financing: How It Works and How to Leverage it for Your Small Business
If you want to start a business but don’t know how to finance your machinery and other forms of equipment, what would you do? The solution for these types of situations is to use equipment financing. This refers to the process of taking out a loan to purchase the necessary equipment for your business. For instance, […]
The Small Business Owner’s Guide to Merchant Cash Advance
Is your business in financial trouble? Perhaps your business is in great shape, but you want to expand operations. Regardless of your situation, a merchant cash advance can help. An MCA is a cash advance that stems from your credit card sales. Under an MCA borrowers sell a portion of their future business revenue in […]
Guide to Invoice Factoring for Small Business Owners
As of 2020, the United States market size for invoice factoring is worth a staggering $4.7 billion. In the five years leading to 2020, demand for invoice factoring services has grown steadily, with the industry growing faster than the economy overall. It’s easy to see why many small businesses regularly use invoice factoring services. As a […]
Small Business Guide: When is the Right Time to Use a Business Line of Credit?
Cash flow can be tricky to manage for a small business. When cash runs low, you can be caught between waiting for payments from customers and needing to pay your own bills. You may also find that you need access to additional cash to fund an increase in demand from your customers but don’t have […]
What is the Paycheck Protection Program Flexibility Act?
When COVID-19 forced closures in March of 2020, many small businesses suddenly found themselves without any income. The Paycheck Protection Program was announced as part of the CARES act specifically to provide some relief. A PPP loan would cover the payroll of small businesses and later be forgiven if the business met certain requirements. The program was […]
How to Leverage Alternative Financing to Solve Your Small Business Cash Flow Problems
Small businesses often begin with a dream and a desire to see it through. Entrepreneurs see some type of need and a way to make it happen. Next comes the business plan, the road map to success. How will the business be structured? How many employees are needed? What equipment needs to be purchased? What inventory […]