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How to Build Business Credit: A Comprehensive Guide to Business Credit Success
When it comes to building business credit, having a solid strategy is essential for your company’s financial stability and growth. It’s clear from the 15% of businesses who formally applied for credit in 2020 that credit is an invaluable tool. In addition, a robust business credit profile can result in better terms on business loans,…
Read MoreNo-Doc Business Loans: Your Guide for Small Businesses
In the world of business financing, no-doc business loans have emerged as an alternative for those seeking quick access to capital with minimal paperwork. However, with 33.2 million small businesses in the U.S., finding suitable funding can be intimidating. Traditional loans often require extensive documentation; no-doc loans cater to businesses needing help to provide the…
Read MoreAn Invaluable Guide to Small Business Loans for Women
Small businesses run by women are on the rise. As recently 2019, 42% of all businesses had a woman at the helm and that number is only set to rise. These businesses need innovative funding solutions to keep moving ahead. Despite the fact that businesses run by women face a higher likelihood of being denied…
Read MoreSmall Business Working Capital Loans
Discover the top small business working capital loan options to help you overcome cash flow gaps and keep your business thriving. These funding solutions are vital when you consider that nearly two-thirds of businesses survive two years in business. This comprehensive guide will discuss various working capital loans for small businesses, their pros and cons,…
Read MoreQuick Loans for Bad Credit: Your Guide to Urgent and Emergency Loans
Unexpected expenses can throw your finances off balance, leaving you in a tight spot. For example, more than 47% of Americans would reportedly struggle with a $400 surprise expense. In such cases, quick loans for bad credit can help you cover emergency expenses. So whether you need to pay for urgent medical care or critical…
Read MoreEquipment Financing Loans for Small Business
Equipment financing loans can be an excellent option for businesses. For example, 2020 saw $43.3 billion from equipment finance companies go to small and medium-sized businesses in the United States. These loans allow you to borrow money to buy the needed equipment, then pay it back with interest. This piece will examine equipment financing loans,…
Read MoreNavigating How to Qualify for Small Business Loans
With the latest numbers indicating 32.5 million small businesses in the U.S., many entrepreneurs are looking for stable funding. Whether you need working capital, are looking to purchase equipment or inventory, or seeking to finance a significant expansion, a small business loan can provide the necessary funds to help you achieve your goals. This blog…
Read MoreMaximizing Your Savings: A Powerful Guide to Small Business Tax Deductions
As a small business owner, taking advantage of all the tax deductions available is crucial to maximizing your profits and minimizing your tax liability. For example, many entrepreneurs have taken advantage of IRS Code 179 tax deductions for small business. However, many business owners are unaware of all the deductions available or do not keep…
Read MoreThings You Need to Know Before Opening a Business Bank Account
Starting a new business and joining the 33.2 million business owners in the U.S. is an exciting and challenging undertaking. One of the first tasks you’ll need to tackle is setting up a business bank account. This step is crucial because it helps to separate your personal and business finances, which is essential for keeping…
Read MoreHow Much Does it Cost to Open a Bank Account?
Opening a bank account may seem daunting, but the cost can often be less than you think. Estimates place 81.5% of U.S. households in the category of “fully banked.” This group is taking full advantage of a checking or savings account with an FDIC-insured financial institution. Additionally, there are several things to know when looking…
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