Many businesses are struggling in light of the rapid spread of COVID-19, which has resulted in many states “locking down” residents and allowing only essential businesses to operate. While this is certainly an extreme, unprecedented situation, it’s a harsh way for many businesses to see firsthand how cash flow deficiencies can affect their day-to-day operations. [...]
The start of a new decade offers plenty of opportunities to take a hard look at your business and decide if you’re headed down the right path. Staying current with buying trends is one way to ensure you’re doing all you can to make it easy for customers to do business with you. For example, [...]
We’ve heard many different reasons from business owners as to why they haven’t investigated getting a business loan with us. Yes, we’ve heard it all. But the one reason that perhaps makes the least sense is that they fear even being pre-approved will have a negative effect on their credit score. It won’t. The [...]
The hotel and motel industry has experienced robust growth over the past five years — despite being highly susceptible to changes in the global economic environment. PwC’s midyear Hospitality Directions U.S. outlook expects the industry to remain stable through 2020, but there are some storm clouds on the horizon; the industry reported its lowest first-quarter [...]
There are a variety of reasons why small companies, start-ups, and solo entrepreneurs struggle to obtain the financial support they need to grow their business. One of the biggest obstacles they face when they apply for a business loan is a bad credit rating. But what does that mean, exactly? To understand how credit ratings [...]
In an ideal world, you'd have a credit rating that would allow you to secure a business loan that charged as little interest as possible. Unfortunately, this is not always the case. Small businesses, start-ups and young entrepreneurs with bad credit need to explore every possible avenue to improve their ratings. And as daunting as [...]
Our business environment, like many other areas in our society, isn’t a place that provides equal opportunities for all. The sad fact is that minorities are still discriminated against when it comes to securing a loan for their small business, especially if they have a poor credit score. But there are ways of getting around [...]
It's not all that long ago that it was rare and even frowned upon, to be a woman in business. Thanks to feminism and equal rights, today's women are free to own and manage their own businesses. In fact, a study by American Express recently showed that over 11 million women run their own business [...]
