Working capital is sometimes known as the “lifeblood of a business.” It is not an exaggeration when they say that business, although profitable, will fail if it falls short of cash. Working capital can be defined as the amount by which current assets exceed current liabilities. In other words, it
There are times when a business is facing troubles in terms of debts and tax liens. Getting business funding is already quite challenging for a small business, especially when they have tax liens and prior bankruptcy on their record. However, is it impossible to get funding in such a scenario?
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
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
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
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
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
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
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
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
More From Our Blog
It’s smart to use equipment lease for office equipment and machinery than using working capital or cash...