Of all the necessary functions a business must perform each day, few are more costly or inefficient than handling paper transactions – processing, posting, printing, mailing, and tracking checks. To make matters worse, businesses then have to contend with the delays, risks, and errors involved in sending and receiving checks. With paper transactions, businesses must Read More »
Business capital comes in many forms. In fact, businesses use a variety of financial resources to grow, acquire assets and expand product and service offerings. Which source of capital is best for your business depends on how much capital you need, how you plan to use it, how long you need it and what interest Read More »
Have you thought about retirement? If you’re like most business owners, unless you’re within 10 years of the normal retirement date, you probably haven’t given it serious thought. According to a study by American Express, 60 percent of business owners say they’re not on track to have the money they need for retirement, and 73 Read More »
Preparing is key Financial needs change through all stages of our lives. The one constant focus as we age should be on saving for retirement years. As you begin your retirement plan, there are a number of things to consider. Saving for retirement Retirement has many logistical aspects, and one of those is saving. USA.gov Read More »
Banks and other lenders have extensive experience evaluating existing companies to determine if they’re good candidates for commercial loans. Ideal candidates for business loans: generate sufficient cash flow to cover loan payments; have a solid, long-term track record of meeting financial obligations, aka, a good credit history; have financial reserves to weather unexpected downturns or Read More »
By Shannon Rowan Nearly every aspect of life has been affected since the onset of the worldwide pandemic in early 2020, and few people anticipated the resulting impact to their finances. Despite a powerful bull market and persistent low interest rates, the specter of inflation looms. One welcome outcome of this recent uptick in the Read More »
There are two basic types of loans: unsecured loans and secured loans. An unsecured loan is made without any collateral to back up the loan. Your signature, as the business owner or authorized representative of the company, is all you need to obtain an unsecured loan once you’ve been approved. A secured loan is backed Read More »
It’s no real surprise that money flowing into a business receives a lot of attention, which is why so much emphasis is placed on tracking sales and revenues. It may surprise some business owners, however, that it is through the money flowing out of the business when they can make the most significant and controllable Read More »
A loan is pretty easy to understand, though the paperwork and legal boilerplate may be more than a bit confusing – even to a company owner. The lender gives the loan recipient money to be repaid over a period of months or years. In exchange for the loan, the loan recipient pays interest on monies Read More »
