The Effects of Inflation on US Small Businesses in 2022
The supply chain disruptions and rising prices of the last two years show no signs of easing up. According to the NFIB Small Business Optimism Index, small business owners’ optimistic outlook for the rest of the year has dropped 1.8 points since January 2022 – and 22% of them give inflation as the reason behind […]
Read moreWhy Fast Loans Make a Difference
No matter how much attention you pay to your budget, cash flow projections, and how closely you monitor actual results, life as a small business owner is unpredictable. There are times when your best efforts weren’t enough, or an opportunity arises you couldn’t have predicted, and you could need money in a hurry. Fast business […]
Read more11 Tips for Managing Inventory
If you own a manufacturing company, retail store, or restaurant, you’ve probably encountered a few inventory management headaches over the years. A customer is angry because you’re out of steak. You lose a long-time client because you can’t fill a rush order. Your employee doesn’t know if you have a size 10 dress in stock.Inventory […]
Read moreTips for Managing Payroll
For many small business owners, payroll can be a small business owner’s biggest monthly expense. Covering payroll can be make or break for your business – if you don’t pay your top performers on time, they’ll leave. And even if it’s a one-time issue, it could impact your reputation and ability to attract new talent. […]
Read moreAdopting Digital to Grow Your Business
Integrating Online Options to Maintain or Even Grow Your Business Ever since the COVID-19 pandemic arrived, businesses have had to get creative about how to maintain or grow their revenue base. States have instituted shelter-in-place or social distancing orders, and many brick and mortar companies have been completely shut down. If you are a small […]
Read moreCOVID-19 Business Loans and Grants
How to get COVID-19 Business Loan & Grants Three packages recently signed into law are geared to aid this country and offer relief due to the Coronavirus (COVID-19) outbreak: The Coronavirus Preparedness and Response Supplemental Appropriations Act, signed into law on March 6, 2020, The Families First Coronavirus Response Act Signed into law on March […]
Read moreTop Business Resources for Women Veteran Owned Businesses
Veterans own 2.52 million businesses in the United States, primarily in the finance, insurance, transportation, and warehousing industries. Women own 15.2% of those businesses, but organizations and lenders are working to increase that percentage. Women’s Veteran’s Alliance has created an online directory of businesses owned by female veterans, the Veteran Women’s Enterprise Center offers networking […]
Read moreThink Twice About Using Credit Cards to Finance Your Business
Business credit cards help small business owners stay afloat. In one survey, 31% of small business owners said they had used their card to meet capital needs in the last year. The market for small business credit cards is $500 billion, and more credit card companies are working to reach small business owners. If an […]
Read moreSmall Business Borrowing Success Stories
Taking the leap and applying for a small business loan can be scary. What if cash flow does not match your projections? Will borrowing really help you achieve your goals? Whether it is your first or your tenth loan, before you apply you want some reassurance that it is the right choice for your business. […]
Read moreYour Taxes Are Not Done, But You Need A Loan. Now What?
In the lull between the holiday season and when things pick back up, your business could run into financial difficulty. Perhaps holiday sales or credit transactions have not settled yet, but a supplier is demanding payment. Or, you failed to set aside money from previous months to cover a slight dip in revenue. For whatever […]
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