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American Express Small Business Loan: Should You Apply?

5 minute read

March 8, 2021

You may know that American Express offers business credit cards to help you cover a variety of business expenses. What you may not know, however, is that the credit card issuer also provides small business...

What Happens When You Default on a Loan?

5 minute read

March 5, 2021

Whether you’re starting a new business or hoping to grow your existing company, having ample financing is key. Since cash flow is often unpredictable in the early stages of any business, outside funding can help...

Leasing vs. Buying Equipment: What To Consider

5 minute read

February 17, 2021

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

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.

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...

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.

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.

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.

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...