Business Loans & Financing
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Small Business Guide to Hiring Employees
There comes a point when a small business owner hits maximum capacity, the business can no longer scale, and it is time to hire the first employee. Hiring employees can help a small business push through that ceiling and help it continue on its growth trajectory.
Recession planning should be a standard operating procedure for all small businesses. Recessions can strike quickly and you must be prepared to act. However, with the proper planning and the right mindset, you can make your…
Small business owners have many retirement plan options to offer their employees. Previously rare, now just about any small business can offer retirement plans at an affordable rate supported by a robust marketplace of service...
Tax deductions are business expenses that can be subtracted from a company’s taxable income in order to reduce that business’s total income tax load. When it’s tax time, business owners are able to add up all of their...
Small business loans are essential to running nearly every small business; however, refinancing options crop up from time to time that can change the terms of an original loan into a more palatable loan going forward. Refinancing...
Selling a small business can be one of the most complicated, involved, and difficult transactions in the lives of many small business owners. The selling process itself is incredibly complex, often involving business brokers, attorneys, valuation experts, appraisers...
Borrowing money is a fact of life when it comes to owning a business; it’s very rare that your monthly payments on any number of small business loans won’t be a part of your financial calculus every mo nth. Depending on the loan type you take out to run your business...
Small businesses account for 98.6% of all employers in the State of Texas. Since 2010 Small businesses in the state have enjoyed greater access to lending and have cultivated a growing share of the Texas workforce. While the coronavirus pandemic slowed growth...
For small business owners, it’s always tax season. It’s a year-round job: on top of running a business, you’ll need to be making tax payments, keeping up with changes in tax laws, staying aware of due dates, and doing whatever you can to increase profits while limiting tax liability...
Virginia’s economy is driven largely by the success of its small businesses. After all, there are more than 766,000 small businesses in the commonwealth, comprising over 99% of total companies in the state. With nearly half of Virginia’s...
North Carolina’s economy is driven largely by the success of its small businesses. After all, there are more than 930,000 small businesses in North Carolina, comprising over 99% of the total companies in the entire state. With over 45% of North Carolina’s workers employed...
Since 2020 the state of California has offered small businesses of all types of solutions for navigating their recovery from the COVID-19 pandemic. These options range from grants to existing disaster loans and entirely new loan options. Moreover, California’s strict ...
Small businesses are among the largest drivers in New York State’s economy. There are more than 401,000 small businesses in the state comprising over 98% of all private businesses in New York. With more than half of New York State’s private workforce employed by small...
As a professional, getting a business loan can be a smart decision that will help you scale your business to the next level. Educating yourself on the different types of loans available is a critical step to understanding what type of financing is best for your business...
Owning and operating a brick-and-mortar store can demand numerous resources from a business owner, including time, money, and determination. If you are looking for additional financing and wondering how to get a business loan for your brick-and-mortar store...
For most people, and for most businesses, the new year means turning over a new leaf. So what does that mean for a small business's financial statements? How can a business owner go about preparing his or her financial documents for another year? There...
Minority owned businesses are among the fastest growing segment of new businesses and account for half of the new businesses created over the last 10 years, according to the Census's Annual Business Study..
First things first—before we jump into financing for e-commerce businesses (and how to determine which option is the right fit for you), let’s quickly touch on why you might want to pursue business financing for your e-commerce business to begin with...
Managing your business finances can be a challenge for any small business owner. The most important tip we can give to any small business owner is to educate yourself in understanding the fundamentals needed to run a business...
1Getting a small business up and running requires grit, know-how, and an ability to scale with agility. The agility necessary to get a foothold in your market often comes with a cost: neglecting the operations and strategy of small business finance...
The ultimate goal of every choice you make as a business owner is to expand your small business. Every dollar you spend on marketing, every new hire you add to your team, every new customer you bring in goes toward creating a bigger and bigger business...
As a small business owner, you’ve most likely been tackling a variety of challenges since the very beginning of your journey. Starting a small business is a lifelong achievement for any entrepreneur, but it does come with its own set of unique obstacles...
Small business financing in 2022 poses a few unique challenges for a business owner. The good news is that it is arguably one of the best times ever to get a business loan. Because of the emergence of non-bank lending sources, small businesses have more choices and lower hurdles...
Small business entrepreneurship has experienced a renaissance starting in 2022. Despite the distractions and uncertainty of a turbulent political environment, major natural disasters and questions about taxes and regulation, small business owners had a fantastic year in 2022...
Small businesses of all types can face challenges to credit availability and gross receipt. Whether a new business or an established one that may have fallen on tough times these same businesses are often held back by poor credit scores and forced to find outside capital...
The most important thing to know about SBA loans is that the Small Business Administration isn't actually making the loans - they are guaranteeing the funds that banks lend under the program. This means that the government promises to pay the banks back for a portion of the loan if the...
Running a successful company requires capital. You need to know how financial products can help your business. Learn more about popular types of small business financing products by reading the financing how-tos from our knowledge center.