A line of credit is a powerful tool for any business owner. Unlike a loan, which is received as a lump sum and begins accruing interest immediately, a business line of credit is available to you when you need it—and you only pay interest on the amount you actually use. Having a line of [...]
With Clear Skies small business lines of credit, you get to decide when to use approved funds. In short, you can make a withdrawal any time you need capital. It’s that simple! Isn’t that amazing? How Does a Business Line of Credit Work? Having an open business line of credit can be a tremendous asset [...]
While more and more cannabis businesses are being recognized as legitimate operations, the path to financing in this industry is still a bit murky. Cannabis remains a Schedule I controlled substance on a federal level, so even if it’s legal in your state, you won’t be able to get a cannabis business loan from a [...]
The last year+ has certainly been challenging for all business owners. “Business as usual” went out the window as everyone faced unique obstacles resulting from the pandemic. While the U.S. is not out of the woods yet, there seems to be a cautious optimism that the worst is behind us, and a “new normal” is [...]
While you get to work outside, create beautiful spaces for people to enjoy, and run your own business, landscaping is certainly not a “walk in the park.” It involves a lot of physically taxing work and possibly significant costs — not to mention the seasonal nature of the business, which can make it challenging to [...]
Cash flow is always a concern for any business, especially a small business. In a perfect world, revenue is always sufficient to cover payroll, materials, and other operating costs, as well as support future growth. But we all know the world isn’t perfect. There are many situations that might find a business owner seeking a [...]
Small Business Loan With Bad Credit Your credit score—made up of five pieces of data: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%), and credit mix (10%)—can either help you soar, or be an albatross that stymies your growth. You may be aware of what constitutes an excellent credit [...]
Small businesses have been especially hard hit during the pandemic — and while there seems to be light at the end of the tunnel with the release of several vaccines, the road ahead continues to be bumpy for the time being. As of October 2020, according to a Yelp analysis, almost 100,000 small businesses in [...]
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. [...]
