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AccountingAugust 10, 2020by admin0

Why Should a Small Business Use an In-House Accounting Software Solution?

When you run a small business, there’s always the question of whether you should perform your accounting yourself or hire an accounting firm. It often depends on the size of the company as to what option is chosen. There’s also a hybrid position where either the bookkeeping or complete accounts are completed on accounting software and then verified by an external accounting firm to save money. Now, let’s examine the reasons why small businesses should use accounting software solutions in-house rather than handing off the responsibility to a third-party.

Small Business AdviceAugust 22, 2019by admin0

How LenCred Helps Real Estate Investors Get Unsecured Business Line of Credit Financing

A business line of credit is a form of short-term financing from banks to investors. This financing works by allowing clients to withdraw funds anytime from the line of credit. The bank or financial institution sets the maximum balance the investors are allowed to have on the loan. This loan can be used to meet...

Small Business AdviceJuly 11, 2019by admin0

What to Do About Your SBA Loan Default

Defaulting on any type of business loan can feel like a migraine for business owners. The truth of the matter is while defaulting is a serious matter, the SBA does have a process in place for situations when borrowers cannot afford to repay their debt in full.. The first step is knowing what options are available to you to fix your SBA loan default problem. The second step is seeking expert help. The right expert will help you navigate the seemingly difficult SBA loan default process.

Small Business AdviceJune 9, 2019by admin0

What Entrepreneurs Should Know About Building a Good Credit Score

Building a good FICO credit score is critical for entrepreneurs and small business owners. At some point you may need to obtain capital from a bank or lender. These banks and lenders may require you to have a good credit score to get approved for financing. If you don’t have a good credit score, getting...

Borrowing Money Small Business LoanMay 11, 2019by admin0

Defaulted on an SBA Loan? SBA Loan Forgiveness Explained

After calculating the cost to start a business, you’ve finally got the funding. The SBA backed your idea and solid business plan to get you a bank loan. Your dream of having your own company is finally coming true. But what happens when loan bills outweigh the business revenue? If you’ve gotten behind and default on your SBA loan forgiveness could be an option.

Small Business LoanMay 2, 2019by admin0

How to Get Stated Income Business Loans to Expand Your Business

It’s nearly impossible to get approved for a loan without documentation. In fact, most new entrepreneurs still get denied business loans. Banks want to see proof that you’re producing and guarantee return of their funds. If you’re having trouble providing documents to get the cash you need, you’re not at a complete loss. Stated income...

Business CreditMay 2, 2019by admin0

Lenders & Vendors Who Extend Net 30 Accounts vs. Unsecured Business Lines of Credit

Are you’re having a hard time establishing business credit or securing funding for your business? Most businesses search for the big timers in funding from the start. If you’re not established in business, it will take time and activity to build creditworthiness. It may be worth your time to explore Vendors Who Extend Net 30 Accounts.vs. Unsecured Business Lines of Credit.

Small Business FinancingDecember 21, 2018by admin0

What You Should Know Before You Borrow Money for Your Small Business Startup

Deciding to borrow money to launch your small business startup is a big decision. It’s the second biggest decision after deciding to start the business. Since it is a big decision, it requires much thought and research before taking the leap. There are multiple ways to fund a small business startup, and it’s important to...

Entrepreneurship Advice Small Business AdviceDecember 20, 2018by admin0

Is Opening a Gym Profitable? Learn Secrets to Running a Successful Fitness Business

If you’re a fitness guru, you may be looking for a way to profit from your passion. You may also be wondering is opening a gym profitable. If you’re not asking yourself that question, you should be. It’s the first step to start planning financially for your gym. Having enough funding is a key factor in running a successful fitness business. You also need good ideas to attract the right market.

Entrepreneurship Advice Small Business AdviceNovember 26, 2018by admin0

How Much Does It Cost to Start a Winery? The Non-Glamorous Side of Wine Business

It seems (and even sounds) glamorous to own a winery. The thought of buying land and bottling your fresh grown, hand pressed grapes swirls around in your head. You can see a bottle with your name on it and money in your bank account. If only the business were that simple. In reality, it takes...

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