SmartBiz
<strong>Understanding Revolving Business Credit Lines</strong>
Financing can be a confusing topic for a business owner and locating the simplest and most affordable loan option can be just as difficult. One of the best business financing products is a revolving business credit line which is a versatile tool that provides companies with flexible access to funds. Let’s delve into how it [...]
<strong>Strategies for Accessing Business Working Capital</strong>
To put it plainly, working capital is cash-on-hand to fund the ongoing operations or expansion of a business. Not all business owners need to apply for a loan or credit line to access working capital. Those business owners who have positive monthly cash-flow are often able to accumulate enough money in the bank for regular operating [...]
<strong>Unlocking Success for Contractors:</strong> A Guide to the Best Business Loans
Contractors often face unique challenges when it comes to financing their businesses. Whether it’s covering upfront project costs, purchasing equipment, or managing cash flow during project delays, having access to the right business loans is crucial. Here’s a guide to some of the best business loans for contractors. Small Business Administration (SBA) loans, particularly the [...]
<strong>How to Open an Emergency Line of Credit</strong>
If we all learned one business tip from the pandemic, it’s that having reserve capital on-hand is essential to making it through difficult times. Government stimulus was a welcome relief for many small businesses, but other than the Employee Retention Credit (ERC) most of those programs have expired. Millions of small businesses that are still [...]
<strong>3 Tips to Improving Your Business Cash Flow</strong>
Running a small business can be a difficult task, it’s not easy switching between all of the hats you must wear as a small business owner. Many people choose to start a business because they are skilled at a specific task or service, but the actual logistics and accounting of keeping a business profitable and [...]