The Source

This week in The Source

How Long Does It Take to Get a Business Loan?

6 minute read

August 22, 2024

Business owners look for financing options for many different reasons, including acquiring new equipment, inventory, or property or simply to maintain a positive cash flow to cover operating expenses. But how long does it take...

Fora Financial News

Fora Financial Named to Inc. 5000 List for 7th time

1 minute read

August 15, 2024

The Inc. 5000 list highlights the nation’s top independent businesses that have achieved remarkable growth. This year marks Fora Financial's seventh appearance on the list, a testament to years of dedication and success helping the...

Small Business

Seven Smart Ways to Prepare for an Economic Downturn

4 minute read

August 6, 2024

America's entrepreneurs look on the bright side of life. According to recent polling from the U.S. Chamber of Commerce, 73 percent of small business owners say they expect their revenues to increase in the next...

Thought Leadership

Fora Financial's General Counsel/CCO John Viskocil on Debt Consolidation and Stacking

5 minute read

July 30, 2024

When your business finances are crunched and you are exploring options, beware of two rapidly-proliferating threats: (1) predatory debt consolidation and (2) successive, aggressive financing (commonly called “stacking”). Debt Consolidation A tall promise. During a...

Working Capital

Skipping the Credit Check on a Business Loan

3 minute read

July 25, 2024

It almost sounds too good to be true: a business lender approving you for a loan without checking your credit? However many so-called "fintech" lenders look at the 5 C's: credit, capital, character, capacity, and...

Small Business

Can You Cash Customer Checks without a Business Banking Account?

3 minute read

July 23, 2024

The "gig economy" has given rise to all kinds of side hustles that could grow into something much larger — a full-fledged business. Still, your business finances might be tied to your personal checking account....

Working Capital

The Lowdown on Accounts Receivable Financing

4 minute read

July 16, 2024

It's a common situation for many small-business owners: You're signing new business weekly, and the future's so bright, it won't be long until you need Ray-Bans to read your balance sheet. Sounds promising, right? But...

Working Capital

How to Secure Construction Equipment Financing for Your Firm

6 minute read

July 11, 2024

For small businesses in the construction industry, especially those operating without large cash reserves, securing a construction equipment loan is often a necessary part of doing business. Even relatively minor construction projects can require heavy...

Small Business

Buying a Business: Ask These Four Questions First

6 minute read

July 2, 2024

According to the Q1 2024 BizBuySell Insight Report, small business acquisitions grew 10 percent in Q1 2024 as compared to Q1 2023 — despite inflation and higher interest rates. And why not? There's much to...