Everything You Should Know About Working Capital Loans
When it comes to cash flow, running a business is a balancing act. This makes it crucial to have access to flexible funding options. According to a survey by QuickBooks Study, 61% of small business owners struggle with cash flow challenges, making it a critical issue they need to manage effectively. It affects their ability to grow and sustain operations payroll, manage inventory, or deal with unexpected expenses. A working capital loan can help bridge the gap. But what exactly is a working capital loan, and is it right for your business? In this guide, we’ll explore everything you need…
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Staff Writer
- 2024-11-15
How to Calculate Working Capital Ratio
Your working capital indicates how much money you have to work with between your current assets and liabilities. But to know your business’ true financial health and liquidity status, you need to know your working capital ratio. Do you know how to calculate your working capital ratio, and why it’s so important for your business? What is an ideal ratio and what to do to reach it? Read on for the answers to these questions and much more. What is Working Capital Ratio? Working capital, or net working capital, is the difference between the current assets and current liabilities on…
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Staff Writer
- 2024-11-15
Amazon Seller Loan: 9 Top Financing Options to Grow Your E-Commerce Business
You’ve probably heard that you need money to make money. These words are true. Extra money can mean the difference between expanding your business and growing its potential or caving under the weight of financial pressures. If you are looking for ways to grow your e-commerce business, a short-term loan or Amazon seller loan might be the answer. Here are 9 top financing options to consider as an e-commerce business in need of a financial boost. 9 Financing Options for Your E-Commerce Business Business Credit Cards Business credit cards are popular because they are convenient and often easier to qualify…
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Staff Writer
- 2024-11-15
Retail Business Guide (Types of Retail, Getting Funding, and More)
When was the last time you interacted with a retail business? It probably wasn’t long ago. If you’ve walked into a store and purchased an item, you’ve been a retail customer. If you’ve done online shopping, you’ve been a retail customer. Retail businesses are everywhere and play an important role in the economy. By 2022, total global retail sales were valued at a staggering $26.7 trillion! That’s why many people dream of opening a retail business. It doesn’t have to remain a dream. With this ultimate guide to success in opening a retail business, it can be a reality. What…
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Staff Writer
- 2024-10-28
How to Get a Business Auto Loan
Are you a medium-sized or small business owner looking to grow your operations? If so, a business auto loan could be an excellent option for acquiring company vehicles without tying up your cash flow. If you’re expanding your fleet or just need a single car for daily operations, understanding how business auto loans work can help you make the best financial decision. In this guide, we’ll help break down what a business auto loan is, the eligibility requirements, where to get one, and how to apply. What Is a Business Auto Loan? A business auto loan is a financing tool…
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Staff Writer
- 2024-10-28
The 8 Best CRM Software for Small Businesses
Finding the right CRM software for your small business can make a world of difference in how you connect with customers, manage relationships, and drive growth. With the right system, you can streamline everything from tracking sales leads and automating marketing efforts to handling customer service interactions—all within one platform. However, the CRM needs of small businesses are unique. Unlike large corporations with extensive budgets and complex requirements, small businesses often look for affordability, ease of use, and features that scale as they grow. This guide will discuss some of the top CRM software options tailored specifically for small businesses.…
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Staff Writer
- 2024-10-28
Working Capital for Manufacturing Businesses
Running a manufacturing business means dealing with a lot of moving parts—literally and financially. One key to success is having enough working capital to keep day-to-day operations flowing smoothly, from paying suppliers to managing inventory and handling customer payments. But here’s the tricky part: too little working capital can bring everything to a grinding halt while too much working capital can mean you’re not using your financial resources efficiently. In this article, we’ll break down the basics of working capital management, explore the positive working capital ratio, and offer practical tips for improving your company’s financial health. Understanding Working Capital…
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Staff Writer
- 2024-10-28
Step-By-Step Guide to Establishing Good Business Credit
As an entrepreneur, you need to make sure that you’ve always got access to working capital. This often means taking on a business credit card or loan, which requires a good business credit score. A good credit score can open up a whole new world of opportunities. Whether you need to take out credit now or not, having a positive standing with credit bureaus can help you access opportunities later when needed. This often seems tricky when starting, as you need credit in the first place to build a credit score. However, establishing positive business credit scores is a pretty…
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Staff Writer
- 2024-10-28
Business Loans for Bad Credit: What Are Your Options?
Starting, and even more importantly, sustaining a small business can be a huge challenge. Often, the biggest hurdle is finance. It can be especially challenging to get the funding you need without a good credit score. That’s why some lenders have introduced business loans for bad credit borrowers, in recent years. But in the world of business loans with bad credit, how do you qualify? Who should you turn to for help, and what can you do to improve your chances of approval? You’ll find the answers to these and other important questions, in this guide to business loans for…
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Staff Writer
- 2024-10-28
Short-Term Loans 101: Everything You Need to Know
What does a bakery gearing up for the festive season, a bustling coffee shop with a broken espresso machine, and an event planning company that just landed a larger-than-usual gig have in common? They are all examples of small businesses that need a short-term loan. Short-term loans could help them with extra inventory, machine repairs, and additional temporary staff wages. And if your small business has any cash flow gaps or unexpected opportunities, a short-term business loan could solve your problems, too. Welcome to Short-term Loans 101, where you learn everything you need to know for your business. What Is…
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Staff Writer
- 2024-10-21
What Is an Amazon Loan & How to Qualify
Do you need to boost the cash flow in your small-to-medium-sized business? If you are an eligible Amazon seller, you just might find what you’re looking for in the Amazon lending program. Amazon is the world’s largest online retailer, with millions of sellers and a 37.6% e-commerce market share in the United States. The platform’s online sales structure helps countless small businesses to thrive. And Amazon loans help sellers overcome financial barriers so that they can scale their businesses. But exactly what is an Amazon loan, and how do you qualify for it? This guide explains all you need to…
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Staff Writer
- 2024-10-21
Secured vs. Unsecured Loan: Which Is Best for Your Business?
Small business loans can help business owners with startup costs, expanding operations, purchasing inventory, and funding day-to-day operations. If you’ve already started looking for a loan for your small business, you may have encountered the terms secured and unsecured loans. What is the difference and which of the two is ideal for your business? Knowing the difference between secured and unsecured options can help you select the best one for your business. Secured business loans usually require collateral and may provide larger amounts with lower interest rates. Therefore, they’re ideal if you have assets to back them. Unsecured loans, on…
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Staff Writer
- 2024-10-21