Factoring is a powerful resource for small businesses that rely on invoice accounting to handle customer payments, because they let you access money you are owed early, so you can meet your financial commitments. You can use the capital...
Business lines of credit are not built alike. In fact, they wouldn’t be very useful if they were. Credit lines have variable sizes, interest rates, and access restrictions to allow them to flex and meet the needs of more...
Running a business can require a lot of time, money and effort. If you’ve managed to build your business credit to a healthy level, it may be important for you to keep it that way. It can be difficult...
Growing your business will require funding, sometimes in sudden and unexpected ways as opportunities arise. This can especially be true in companies who get paid for products well after supplies are needed. For instance, if your next big order...
Starting a business involves a lot of moving parts. For the best chances of success, a lot of research and planning typically goes into the first steps. If you’re looking into getting a business loan, you may be interested...
Leasing commercial property can be a very beneficial business venture, but there are a lot of aspects for owners to be aware of both before and during the leasing process. Plenty of these elements change regularly, so it can...
There is something to be said about doing things the way they’ve always been done. Traditions become industry standards because they work. Even if your construction business is succeeding at the status quo, however, there is always room for...
With unreliable weather and frozen ground conditions, many construction business may experience a decrease in business during the winter. This can make managing expenses without a guaranteed steady income difficult for companies that still need to covers costs during...
When you purchase equipment for your business that is expected to last more than one year, it is considered a fixed asset. As such, its value decreases from year to year. This is called equipment depreciation. It is important...
Many companies buy their equipment outright. Ownership certainly comes with its own rewards. Another option for getting the equipment you need to run your business is leasing. Equipment leasing not only offers certain tax benefits but it may be...