Are You Having Supply Chain Issue and Need Cash Fast? Shortly after the COVID-19 pandemic outbreak, businesses began suffering the effects of supply chain shortages. Shipping containers became relatively scarce during periods of economic strain and uncertainty. When you factor in closed ports, fewer port workers, and a trend toward…
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Right now, Federal Reserve data suggests that banks provide business loans at interest rates ranging from 2.54% to 7.02%. This variation of interest rate percentages is due to several factors, which we'll take you through as you read on. If you're a small business owner, you should spare some time…
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We all felt the devastating effects of the COVID-19 pandemic. Across the country and the world, businesses closed their doors, workers were laid off, and life as we knew it came to a standstill. For small businesses, the effects of the pandemic were particularly harsh. Many small business owners reported…
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Merchant cash loans are a form of working capital or liquidity that small businesses can fund operations. They fall into two basic categories: Merchant Cash Advances and Merchant Loans. Merchant cash advance companies extend credit to small businesses by advancing funds based on the business's anticipated future sales. Suppose a…
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Start-ups are at their most vulnerable when they seek capital. Lenders and investors rightfully scrutinize every detail of the business plan, looking for any sign that the company may fail. With so many things working against start-ups, it's critical to understand what not to do in a business plan if…
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Business loans can be issued for almost any business-related need. For example, if you want to start a new business or expand your existing business, many loan options are available at the bank and non-bank lending institutions. The main reason people prefer business loans over other finance solutions is the…
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It's one thing to build a business when investors are throwing money at you, but it's another when you need to go out and raise capital on your own. There is nothing more frustrating than having an idea for a new product or service that would help bring in millions…
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Small businesses are the backbone of our economy; they account for half of all U.S jobs and drive roughly 60% of economic growth (Gustafson). But small business owners need help rebuilding their financial health after this year's government shutdown, if only so they can invest in their employees (Hampton). This…
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We know that getting funding for your business is not easy. Small business grants, start-up loans, business lines of credit—the list of options is difficult to sift through, and to achieve success with them is even harder. Banks and other financial institutions have an extremely high standard for what they…
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Business owners now have access to a solution when dealing with critical cash flow issues.
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