3 Steps To Expanding Locations By Financing Receivables

Opening a new location is a great opportunity to expand your business by reaching more customers, but it’s also a risky venture that takes a lot of working capital. One way many small businesses budget for the expense of expansion is through regular accounts receivable financing because it keeps their cash flow consistent. Consistent cash…

What Happens When You File for Bankruptcy?

If you are having financial trouble, then you may have considered filing for bankruptcy. Bankruptcy is considered a last resort option for people who are dealing with financial hardships. Declaring bankruptcy allows you to reset your finances and potentially get a clean slate. Still, there are many negative consequences to filing for bankruptcy, including making…

What is a Broker?

If you’ve ever purchased a house, then you have heard of a broker. For a lot of people, it’s unclear what a broker does. A broker is an independent party whose prime responsibility is to bring sellers and buyers together. A broker is a third-person mediator between a buyer and a seller. What is a…

What does Liquidity Mean?

If you’ve ever been in a financial situation where you need money immediately, then you’ve heard of liquidity. Liquidity is all about how fast you can convert your assets into cash, and some assets are easier to liquidate than others. For example, stocks and bonds are easily liquid because they can be converted into cash…

What is Asset Management?

In business, it’s important to keep track of your assets. There are two types of assets, fixed and current assets. Fixed assets are usually assets that are required for long-term use, such as equipment and real estate. Current assets are assets that can be converted into cash quickly if necessary. What is Asset Management? Asset…

3 Pitfalls to Avoid as a CEO

You’ve probably watched movies that show someone getting stuck in quicksand or mud. If they had only known the danger ahead, they might have avoided it! Similarly, as a CEO, you can sidestep many pitfalls if you’re aware of them beforehand. Here are three examples: Getting Distracted Oftentimes, distraction is a slow fall away from…

Four Common Finance Terms and What They Mean

Financial terminology can be overwhelming, and it can be embarrassing to talk to a financial advisor and not be aware of the vocabulary they’re using.  Here are four common financial terms and their definitions. FOUR Common finance terms and what they mean FICO score. The first term you need to know is what your FICO…

What is Commercial Debt Financing?

Starting a business can be an expensive endeavor, and if you don’t have the capital you need on hand, you may be looking into commercial debt financing. A commercial loan is a debt-based arrangement between a financial institution and the business, and it is usually used to fund major expenses or operational costs. What is…

What is Collateral in Financing?

If you’re applying for a loan, you may have heard the term collateral tossed around. In simple terms, collateral is a borrower’s pledge of physical property to a lender to secure the repayment of a loan. Collateral serves as the lender’s protection against the borrower defaulting on the loan, and it can be used to…

What is the Difference Between Accounting and Finance?

While accounting and finance are both in the money managing world, there are key differences between the two. Accounting focuses on the flow of money in and out of a business or personal account, while finance is a broader term to describe assets and liabilities. What is the difference between accounting and finance? While accounting…

The Basics of Accounts Receivable Financing

If you’ve never looked into accounts receivable financing, the process can seem a little foreign. Invoice financing uses a completely different rubric for approvals and pricing than traditional installment loans with amortizing payments, but it’s actually very simple once you figure out the process. Instead of having to pull together all your financial statements and…

Interest Rates on Commercial Loans

Interest Rates on Commercial Loans Launching and operating a business is a tasking venture that requires your investment in time, money and effort. As a business owner or manager, commercial loans are a way through which you can raise capital for your business.   When your business needs financial help and you apply for a…

Equity vs. Debt Financing

Equity vs. Debt FinancingBusiness owners constantly have to decide how to finance their expansion and operations of the business. Entrepreneurs have to choose whether to borrow more money through debt financing or seek outside investors through equity financing? Many factors influence the path each business takes, including the amount of debt a business already has,…

Is a Small Business Loan Secured or Unsecured

Is A Small Business Loan Secured Or Unsecured?As a small business owner, it is up to you to choose the type of business loan that is perfect for your needs. Your choice of a loan will be influenced by factors such as your credit ranking, total assets, etc. Unsecured business loan An unsecured small business…

10 Ways to Raise Funds for a Business

10 ways to raise funds for a business Recent studies have shown that over 94 per cent of businesses fail within a year after launching their operations. Inadequate funding is among one of the most common reasons why a business fails. Funding is the lifeline of any business, as all businesses require capital to convert…

How to Be Prepared for SBA Loans

Taking out a loan is a useful way to stimulate cash flow and put your business in a position for healthy growth. While a standard loan through a bank may seem like your best bet, more specific options are available. Loans provided through the Small Business Administration, for example, tend to be a great fit…

How to Start a Manufacturing Business

There are many types of businesses, but one common type of business is a manufacturing business. A manufacturing business is a business centering on mass-produced products. These products can range from anything to T-shirts and sweaters to nonstick baking pans. How to start a manufacturing business Do your research. Before you start manufacturing a product,…

How to Finance a Business?

Many people dream of starting their own business, but starting your own business isn’t cheap. There are many expenses you have to account for, including equipment purchases, taxes, and rental space. However, there are also plenty of ways to finance your business. 5 Ways to Finance a Business Savings and credit cards. The easiest way…

What is a Purchase Order?

Most people know what an invoice is, and they are used to receiving them from companies. However, buyers can send companies purchase orders, which are requests to a supplier for a specific product or service. What is a purchase order? Unlike invoices, purchase orders are sent from buyers to companies to request a specific amount…

What is Accounts Receivable Financing?

If you’re starting a new business that manages multiple outstanding invoices, it can be daunting to wait until the work is completed before the customer pays the invoice. It can also prevent you from growing your business as fast as you would like. One solution to this is accounts receivable financing. What is accounts receivable…

Getting Startup Loans for Restaurants

Opening a restaurant is a large financial undertaking. Besides the cost of a commercial lease and restaurant insurance, you will need money for licensing fees, employee salaries and insurance, kitchen equipment, and food stock, among other necessities before opening. All of these things come with a hefty price tag. This is why most are started…

Cash-Strapped in Business? The Public Stocks You Own Might Be Perfect as A Collateral for Business Loans

Though small businesses are critical to job creation and the overall growth of the US economy, their access to adequate business financing has been persistently challenging. Your business plan will fall into chaos if there is no solid financial support to back it. That’s why as much as possible if there is no cash on…

What is Purchase Order Financing?

If you are a new business, then your first purchase order can be an exciting event. A purchase order is when a customer agrees to buy a large quantity of something from a supplier at a certain price point. A purchase order is essentially the opposite of an invoice. While sellers send invoices to their…

What is a Consumer Finance Account?

Keeping up with your credit score can be daunting, especially when there may be accounts you’ve never heard of on your report. It’s important to review your credit score regularly, and if it is low, you may want to look into how many consumer finance accounts you have on there. What is a consumer finance…

How To Get Out of a Merchant Cash Advance

It’s not uncommon to be strapped for cash when you start a new business venture, and one way to remedy the need for money is to consider a merchant cash advance. There are many upsides to merchant cash advances. However, as your business grows, you may be interested in getting out of the cash advance….

How Do Small Business Loans Work

There are many reasons why you may be interested in owning a small business, from developing a unique product or a unique solution to a common problem to just wanting to be your own boss. However, when you start a business, you quickly learn how much money it takes to get off the ground. If…

The Basics of Franchise Financing

Opening a business involves a lot of overhead. When you’ve never owned a business before, it can prove difficult to obtain the capital required to get a startup off the ground. Lenders don’t usually jump at funding first-time businesses, which can complicate matters. This is why the decision to open a franchise can be a…

Medical Equipment Finance for Your Business

If you’re a medical professional interested in starting your own practice, then you may have looked into medical equipment finance. Regardless of your specialty, you likely need a substantial amount of medical equipment to practice. Not only that, but medical equipment can go obsolete within a matter of years, so it may not be wise…

What is invoice factoring (And should you do it?)

Invoice factoring, also known as accounts receivable factoring, is a financial transaction where a business sells its accounts receivables at a discount to another financing company known as a factoring company. These companies will advance 70 to 90% of the invoice value upfront, and then the remaining balance is sent when the invoice is paid….

How to Get Funding for a Business Idea

The hardest part about a startup is figuring out how to get funding for a business idea. Funding an entrepreneurial endeavor can sometimes require more money than you have lying around. You’ll need a website, a tech team, and office space, and of course, enough cash to make ends meet until you see profits from…

What is an Outsourced CFO

One of the most commonly asked questions for young businesses is when a CFO should be hired. Every company is different, but for many startup companies, there’s no need to hire a CFO until the company is considering going public. The alternative option is to work with an outsourced CFO. Hiring an Outsourced CFO A…

Commercial Real Estate Financing Options

If you’re ready to move your business investments from residential to commercial real estate and to diversify your portfolio while creating a passive stream of income, you may be wondering what your financing options are. While commercial properties generally appreciate over time and can prove themselves strong investment options, they also tend to be more…

Why Small Businesses Fail: Top 3 Reasons

Running a business, while rewarding, isn’t easy. Entrepreneurship is inherently risky, and 20% of small businesses fail within the first year. 50% fail within five years, and only 33% of companies make it ten years or longer. To safeguard your business, it’s important to know exactly what can lead to business failure and how you…

How to Value a Small Business

Most people never have a reason to wonder how to value a small business, but your business valuation can be important if you’re planning on selling your business, merging, buying out other owners, or applying for a business loan. There are different ways to value a small business, and the appropriate method all depends on…

How to Qualify for a Small Business Loan

Whether you are starting a new business or needing cash to expand a business you already have, it is common to wonder how to qualify for a small business loan. While most new businesses start with $10,000 or less, some people don’t have that type of disposable income. The ideal solution is to get a…

How to Finance a Franchise With No Money

Wondering how to finance a franchise with no money? You’ve come to the right place! The franchise business model is very popular because it offers individuals the opportunity to become a business owner with a significantly lower risk. Franchises tend to have an premade business plan that has proven to be successful in the past….

Business Financing with a Real Estate Loan

Real estate financing has traditionally been the best way for small and medium-sized businesses to budget the acquisition of the properties needed to house operations. Without traditional real estate loans and the innovative products that have succeeded them, most companies would have a very hard time coming up with the large cash reserves needed to…

How to Finance a Small Business with these Financing Tips

Figuring out how to finance a small business is no small task. But once you have your business up and running, you realize the expenses keep coming. Every month there is rent to make, insurance to protect you, payroll for employees, and keeping up with inventory. For a startup, it helps to know where to…

5 Benefits of Business Lines of Credit

Running a successful business requires maintaining a steady stream of working capital throughout the month to cover regular and unexpected expenses, and to be able to take advantage of sudden business opportunities. However, this is sometimes easier said than done. If you’re stuck in a slower business period but you don’t want to apply for…

The Benefits of Invoice Factoring

If you run your own business and have been facing a cash crunch, you know that maintaining adequate working capital throughout the month can be a challenge, especially if you’re trying to survive an economic downturn or business simply hasn’t been picking up lately. Thankfully, you don’t have to take out large lump-sum bank loans…

How Accounting Departments Can Run Well

While the products and services of each company may be unique, the general accounting process is basically the same. There are bills to pay, money to deposit, revenue to recognize and profit to calculate. At the end of the month, accounts are reconciled and financial statements are prepared. However, there are a few characteristics that…

How To Grow Your Medical Practice With Working Capital

Keeping an eye on the day-to-day operations of a medical business can take all your attention. Often, you can find yourself challenged to think beyond the moment. However, to stay relevant you will want to look at how to grow your practice. Consider these responsible ways to use the power of working capital to expand or…

The Benefits of Being a Young Business Owner

Having a business of your own is no mean feat, especially at a young age. If you have a business opportunity or idea but are worried about your age and experience getting in the way of your success, keep reading. Here are a few benefits of being a young business owner. Ambition Is High and Responsibility…

Never Fail with this Perfect Business Plan

It’s no secret that a successful business starts with a solid business plan. That’s why it may come as a surprise that sometimes the best type of business plan leaves the most wiggle-room for unanticipated events. If you are accustomed to writing business plans that detail every step of the way with laser precision, you…

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 Real Estate with an SBA Commercial Real Estate Loan

If you are wondering about how to acquire property through an SBA commercial real estate loan, you’ve come to the right place. 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 fixed-rate appeal. Virtually…

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,…

Manufacturing Loans and What you Need to Know

Whether you’re just starting out and need some manufacturing equipment or ready for a much needed upgrade, SBA manufacturing loans are certainly something you should consider. 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…

What are Good Business Ideas That Don’t Require Much Capital

A common question that plagues new entrepreneurs’ minds is “What are good 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…

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….

Manufacturing Equipment Financing Options for Heavy Equipment

If you’re looking for manufacturing equipment financing, we dive into all the options in this blog article so you can be prepared! It’s no surprise that 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…

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…