Why Having an Outsourced CFO Might Be a Good Idea!

with special guest speaker David Kuritar, MBA Here are some of the things David will be talking about during this educational seminar put on by Aspen Commercial Lending: Improve cash flow Obtain Bank Loans Help Companies grow profitably Increase company value Plan strategically Prepare a business to sell And much more… Click here for a…

When Merchant Cash Advance Is Right for Your Business

merchant cash advance

The Difference Between Equipment Financing and Leasing

equipment financing

Benefits of Business Lines of Credit

In many respects, business lines of credit are very similar to credit cards which can be used whenever you need them. A revolving line of credit will have a credit limit which will always be there, whether you use it or not, and when you do use it, you can restore that credit amount by…

Tips for Saving Money on Business Taxes

With only small profit margins to sustain them, many small businesses are obliged to count their pennies and manage on a very tight budget. That’s why you don’t want to pay any more business taxes than you absolutely have to, so you should always be on the lookout for allowable deductions. Here are some ways…

Is Purchase Order Financing Right for My Business?

Many businesses find that they have grown so quickly that they simply don’t have the resources to accommodate large customer orders. If this has happened to your small business, purchase order financing may be a way that you can manage those large customer orders without actually having the funding necessary to purchase materials from your…

The Right Time for Invoice Factoring

All businesses, regardless of size, have at least occasional cash flow issues. The problem can be even more significant for small businesses with fewer people and resources to manage the cash crunch. It’s also a common problem among companies that allow customers 30 to 90 days or even longer to pay their outstanding invoices. If…

How Payroll Protection Plans Can Help Your Business Stay Alive

The grim reality caused by the lockdown imposed to slow the spread of the coronavirus pandemic is being felt by small businesses throughout the country. Many of them are facing extreme difficulties and possible bankruptcy, with little or no income from consumers who are forced to stay home. The federal Payroll Protection Program was initiated…

SBA Disaster Loans Are Key to Getting Through Troubling Times

sba disaster loans

How to Purchase Commercial Real Estate with an SBA Loan

If you would like to purchase real estate, there is an SBA loan available which might help you acquire the property you have in mind. The 504 Loan Program provides access to small businesses for the same kind of financing which larger businesses enjoy, including the long term aspect of it, as well as the…

Boost Your Productivity with Smart Scheduling

Increasing productivity in your business generally involves smarter scheduling, but that doesn’t equate to micro-managing every day of the week though. Too much scheduling can be a bad thing, so it’s much better to try and achieve a balance between smart scheduling and organic occurrences at work. Here is a great book we recommend if…

10 Tips for Outsourcing Business Tasks

Every business owner wants to know how to get more out of their business with less spending. Fortunately, there are a lot of solutions out there to assist with this goal. One of the biggest areas where you can invest to help your company save money is to outsource as much as you can. Outsourcing…

Why Short-Term Rentals Might Not Be the Best Way to Use Your Multifamily

There are several reasons why using your multi-family dwelling as a short-term rental may not be the most advantageous use of it. If you’re in business to make money, you’ll want to choose a business model that provides you with the greatest return, and short-term rentals just may not be the best way to go,…

How the Manufacturing Industry Can Use SBA Loans

Qualifying companies in the manufacturing industry are able to benefit from loans from the U.S. Small Business Administration. Although the requirements are strict, the advantages of these loans make them worthwhile. Here are some tips on how to obtain an SBA loan. Be Specific in Your Request When you apply for an SBA loan, tell…

Business Ideas that Don’t Require Much Capital

Starting a new business is a compelling dream for many people. In fact, according to the U.S. Census Bureau, over 400,000 new businesses are started every year. The dream of owning a business is supported by “dreamers” like Walt Disney, who said, “If you can dream it, you can do it.” The great motivational speaker…

Building a Respectful Workplace with Team-Building Exercises

The trust fall and human knot are popular team-building exercises for schoolkids, but these games really don’t translate well into the professional world to build respect. Your employees come from different backgrounds and have varied points of view. Reminding your team to value each other in spite of this diversity can really have a positive…

Tips for Getting Financing for a Franchise

Thinking of getting a franchise? A franchise can be an excellent business opportunity for the right market, region, or entrepreneur, offering a wide group of individuals the chance to be their own boss and experience the flexibility that comes with it. A franchise requires a healthy cash flow to survive; what will you do about…

The Basics of Writing a Business Plan

When a business or brand wants to show potential investors or lenders that they are a viable company, they typically draft a business plan. A business plan lays out the resources, team, and tools that you have to make it happen- and to reaffirm that you are worth investing in. Keep the following in mind…

How to Get Your Franchise Started Successfully

Even though you receive a lot of support when you’re starting a franchise business, there are still a great many things to consider before taking the plunge. Here are some of the things you need to be aware of before starting up your own franchise business so that you will have a better chance of…

Overcoming Bad Personal Credit When Starting a Business

You need not feel hamstrung if you’ve got personal bad credit but wish to start a business – there are a plethora of options available today. In fact, you can use several of the available options, in an effort to try and make up the difference. The primary source, however, will almost certainly depend on…

Best Options for Financing Fix and Flip Projects

There has never been a better time to finally get around to your real estate investment plans; in particular, the fix and flip. The plethora of new funding options available means that you need not depend on the monolithic big banks and lenders, who can have very conservative terms for the average person. In the…

3 Reasons Bank Loans Might Not Be Your Best Option

Traditional bank loans are a common financing option for many businesses. After the banking reforms of the past decade, it’s time to consider whether bank loans are right for your company or not. Here are three reasons to avoid bank loans. It Takes Time to Get Approved The approval process for bank loans takes time….

Benefits of Asset-Based Lending

In the uncertainties of the modern marketplace, many companies of all sizes struggle financially. It becomes urgent for businesses to be able to access a form of funding that can help them obtain sufficient working capital to keep running and finance their expansion. Asset-based lending involves using company assets for collateral to secure loans. Here…

When to Use Equipment Financing for Your Small Business

Production companies need video gear. Construction companies need heavy equipment. Accounting firms need computers. With few exceptions, every type of business relies on equipment—but the equipment isn’t free. This post looks at when equipment financing is a good solution for meeting a business’s equipment needs. It also compares financing to equipment leasing—the other major method…

How to Improve Cash Flow with Purchase Order Financing

Strong cash flow is important for any small business. However, sometimes circumstances beyond your control leave you short of cash. If at the same time important orders begin to come in, you may have insufficient funds to fill them. That’s where purchase order financing comes in. Here’s how you can use this method of funding…

Manufacturing Businesses Using Business Lines of Credit

If your company makes seasonal products that will be sold during the holiday shopping season, you know you will have to fully stock your retail clients. That being said, working capital can pose many challenges for you, because you must invest now in materials and labor. What do you do when you know you won’t…

Tips for Choosing the Right Corporate Structure

Selecting the right legal structure for your business takes time and consideration. There are several kinds of business entities, each having its own positives and negatives. The one you choose will greatly impact how you run your business, from liability to taxes to control. Here are the most popular business entities and which factors companies…

How the Construction Industry Can Benefit from Alternative Lending

When you think of construction lending, you probably think of banks first. But while a traditional line of credit is certainly a viable option, alternative lending is becoming a more popular choice, especially among today’s small businesses. Sure, fees and interest rates will apply but the construction industry can benefit from this type of loan…

Accounts Receivable Financing Basics

What is accounts receivable financing? In a nutshell, this is when a business sells its accounts receivables to a factoring company while getting short-term funding in return. This is a fast and efficient way for you to secure working capital to invest back into your company. Factoring is a great option when getting a bank…

Combat the 5 Most Common Lies Told to Entrepreneurs

Budding entrepreneurs are often given advice from peers, associates, and mentors, as well as from online resources. While much of this information could be useful, some of it may be unintentionally misleading. Consider the points below, so you might avoid potential pitfalls resulting from following bad advice. 1. Luck Doesn’t Exist Many people may tell…

3 Tricks to Improve Your Credit

A good credit score is essential for many common financial activities. For instance, if you require a loan to purchase a vehicle or a home, lenders inevitably look at your credit score, and you’ll only get good terms if it is excellent. If you want the best terms while borrowing funds or access to credit…

7 Tips to Strengthen Your Team and Corporate Culture

Having a strong work team and corporate culture can help propel your business to new levels of success. By implementing some strategies that have worked well for other businesses, you may do much to improve how your company works as a whole. Use the following insights to re-energize your team and give new strength to…

Common Mistakes Made by Small Business Owners

Statistics show that the most common mistakes that small business owners make are often in the area of money management. The U.S. Small Business Administration reports that errors in the handling of finances cause numerous companies to fail. Here are some of the most serious mistakes that business owners make and how you can avoid…

How to Develop Profit for Commercial Real Estate with a Hard Money Loan

If you’re looking to begin or expand a venture in commercial real estate, a hard money loan may be able to help. Keep reading to learn more about this financing option. What Is a Hard Money Loan? A hard money loan, as explained on The Balance, uses the property the borrower already owns as collateral….

Financing Options for Heavy Equipment and Manufacturing

Industries such as construction and manufacturing rely on heavy equipment. While that can make for some expensive purchases, the three financing options covered in this post can make getting the equipment your company needs feasible. Equipment Loans In the case of an equipment loan, the borrower uses funds from a lender to purchase heavy equipment….

How to Never Lose Your Leads

Losing hard-earned leads is a shame and it’s costly, but it can happen all too easily. To keep your leads, you need to monitor and keep in touch with them—and you need to keep them on the path to conversion.    Here’s how to pay close attention to your leads so they won’t grow cold,…

Getting the Financing for Opening a Franchise

Innumerable investors have yielded impressive returns by operating a franchise business. If this is a prospect you are considering, you will have a wealth of options available. This kind of business offers a variety of advantages, and it can be an excellent choice for a novice entrepreneur. Read below for more information on starting and…

How Leaders Can Inspire Employees to Give Their Best Performance

A large part of leadership is inspiring employees to do their best. This article looks at three different strategies effective leaders have used to do just that. Give Employees Attention One of the best ways leaders can inspire their employees is giving them attention. This means inquiring about what employees are finding joy in and…

Using Medical Factoring in Nursing Homes

Cash flow can be a big challenge for a nursing home, no matter how well run the facility is. As Forbes.com contributor Steven Uster points out, cash flow problems strike many businesses that are reliant on delayed payments from clients. Nursing homes are no exception: Insurance payments can be slow, especially when Medicaid is involved….

How to Manage Time When Running a Small Business

If you run a small business, you’ve probably noticed how difficult it can be to manage time. However, as this article shows, there are several ways you can make the task of time management easier. Set Priorities One of the main challenges when it comes to managing time is deciding what tasks to focus on….

SBA Loan Programs That Support Small Businesses

If you’re looking to get a small business off the ground, you should be aware of the myriad loan programs supported by the US Small Business Administration (SBA). To help you get your bearings, this article goes over the basics of several SBA loan programs. 7(a) Loans 7(a) loans serve as the SBA’s primary lending…

Alternative Funding Options for Small Businesses

Alternative funding options for businesses include all those possibilities outside the traditional loans offered by banks and other lending institutions. After the 2008 economic crash, many bank loans dried up, and alternative funding options began to appear from a number of sources, and these are now mainstream opportunities for businesses to fill in financial gaps….

Staffing Startups Need These 4 Tips

If you’re thinking about getting into the business of staffing for other companies, there are some things you should know that will help you with your efforts at staffing startups and more established businesses. Know Potential Clients Before you consider staffing startups and established companies, you’ll need to have an understanding of the local market…

How to Use an SBA Loan to Finance a Franchise

Owning a franchise is one way to bypass many of the usual uncertainties of owning a small business that would normally accrue to a startup company. When you don’t have to go through the difficulties of establishing a business, because it has already been established, you’re already way ahead of the game. However, you’ll still…

4 Tips for Making the Most Out of Invoice Factoring

Invoice factoring is a financial practice which can be of benefit to virtually every company, regardless of its size. Any company that needs fast cash to cover a seasonal cash flow shortage, or to purchase new inventory, or even just to meet monthly business expenses, could potentially be a great candidate for invoice factoring. Here…