Mar
8
Top 10 Reasons Businesses Fail Within 5 Years
People start their own business thinking they’ll have more control over their life. Free reign to work at your own terms, exploring new ideas without anyone else’s approval and managing your personal finances are some of the reasons why people want to start their own business. The words “be your
Feb
19
Why Would a Business Owner Choose Alternative Funding as a Source for a Business Loan?
The scope of business financing is changing day by day, with many more and more funding options becoming available to business owners. From owner investments to non-bank sources, most businesses seek financing from a variety of sources. A small business, however, is always forced to face challenges when applying for
Dec
18
Nowadays Our Identity Has Become Just A Number
A number might appear to be merely a mathematical figure. However, the truth is that numbers affect almost every aspect of our lives from the day we are born. In fact, you can only achieve as much as the number you become from the day you are born. While you
Dec
18
Top 10 Best Interest Calculators for Small Business Owners
Are you a small business owner? If you answered yes, then this article is for you. We live in a digital era and so do small businesses too. Gone are the days when you needed to read big books to find out how to calculate the interest. Again, you no
Dec
12
What is Revenue-based Financing?
There are many different types of financing options available nowadays, but small business owners are more likely to go for simple loans that require limited documentation and need for collateral, due to their limited time in business. Revenue-based financing is one option for such businesses. Revenue-based financing is also known
Dec
6
Understanding Operating Capital Burn Rate for Small Business
Operating capital burn rate refers to the total amount of money a business or company is either losing or spending per month before the sales rise, or before cash on hand runs out. Operating capital burn rate refers to the rate at which a business is burning or consuming its
Nov
26
Why do some businesses don’t get approval for a loan?
Several businesses, especially small ones, require business loans to meet the requirements of their daily operations until their business gains a positive cash flow and becomes stable enough to finance itself. Other than this, there are several other reasons businesses may need to apply for business loans. However, getting business
Nov
20
What’s The Difference Between Simple Interest and True Annual Percentage Rate (APR)
Having the basic understanding of Simple Interest and Annual Percentage Rate (APR) could save you thousands of dollars on your bank loan. Many home shoppers who are considering taking a loan are often perplexed by the differences between interest rate and annual percentage rate. You can consider the simple interest
Sep
25
A Business Owner’s Guide to Working with Business Loan Brokers
As a small business owner, it is imperative to get funding for your business. For small business owners, additional working capital can prove to be a blessing and can improve the productivity of the company. However, finding someone to provide capital loan can be difficult as it involves a lot
Sep
17
What’s the Difference Between Asset-Based Lending and Invoice Factoring?
When companies undergo a financial crisis, they often look for ways that can help them out of the financial mess. One of the most basic ways to get yourself out of such a situation is by applying for a loan. However, at times, due to bad credit history, your chances
