The Source

This week in The Source

The Ultimate Guide to Hair Salon Financing

5 minute read

February 15, 2021

In the United States, the hair salon market is worth $47.1 billion. Clearly, the opportunity for financial success is there, but only if you have the funds to capitalize on it — which is what makes hair...

Working Capital

ACH Transactions: What Businesses Should Know

5 minute read

February 12, 2021

Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

Working Capital

Collateral Coverage Ratio: What You Should Know

5 minute read

February 10, 2021

Now that we've defined collateral, let's discuss the collateral coverage ratio. At its core, the collateral coverage ratio is the percentage of a loan that's backed by a discounted asset. It allows lenders to figure...

Technology

10 Business Credit Card Scanner Apps to Consider

5 minute read

February 9, 2021

As a small business owner, you know that credit card payments are more popular today than ever before. Most customers prefer to pay with credit cards over cash and check. Not only are credit cards...

Small Business

Credit Cards vs. Debit Cards: What’s Right for a Business?

5 minute read

February 4, 2021

As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...

Working Capital

How to Select the Right Minority Business Loans and Grants

5 minute read

January 31, 2021

Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.

Working Capital

How to Apply for Bridge Financing

5 minute read

January 22, 2021

As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.

Working Capital

Should You Pay Off Your SBA Loan Early?

5 minute read

January 19, 2021

If you’ve secured an SBA loan, congratulations! You’ll reap a variety of benefits including a lengthy repayment period.

Working Capital

What Are The Top Pros and Cons of Payroll Business Loans?

5 minute read

January 19, 2021

Failing to pay employees on time and in full comes with serious consequences. As a small business owner, you could face lawsuits, legal actions, fines, a tarnished reputation, and damaged employee relationships. Therefore, it’s smart...