Things have certainly changed since our last blog, in April, when the economic disruption from COVID-19 was in its infancy. All these months later, things are still in flux, with many business owners looking for creative solutions to keep their heads above water during this unprecedented time. With many years of experience serving as a [...]
While taxes should be a year-long concern for business owners, it’s commonly accepted that tax season starts ramping up every year in February and comes to a crescendo on April 15, the deadline for filing taxes on income earned the previous year. Since we’re right in the middle of that window, we thought we’d focus [...]
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, [...]
Even if you choose not to make personal New Year’s resolutions, the start of a new year — and right now, a new decade — provides a great opportunity to make some business resolutions. Whether you’re flying high or struggling a bit, the following three resolutions are certainly appropriate as you seek to maintain your [...]
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 ABCs [...]
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 [...]
Specialty medical practices play an extremely important role in society, helping patients minimize pain, recover faster from disease, and learn to live with disabling injuries or chronic conditions — not to mention saving lives. Their focus on providing care makes it easy to overlook the fact that medical practices are businesses that need to be [...]
Is good oral health important at workplaces? More so than you might think — since it’s been proven people who take care of their mouth, teeth and gums not only have fewer dental issues, but better overall health. According to the National Association of Dental Plans, 77 percent of Americans have dental coverage through an [...]
Nearly 850,000 companies providing janitorial/cleaning services are operating today in the U.S., and that number is on the rise. This $61 billion industry serves residential and commercial customers — providing an invaluable service that’s often taken for granted unless something goes awry. Tasked with ensuring that living and working spaces are clean and in proper [...]
As the owner of a small business, you’ll sometimes need financial assistance to help sort out your everyday expenses when cash is tight. That’s where a working capital loan comes in useful. They’re also handy if you need just a small cash injection to help grow your business to the next level. Working capital loans [...]
A working capital business loan is a short-term loan for a smaller amount that is taken out to help finance a business’s everyday operations. They’re not designed to finance long-term purchases such as property or big equipment. Other types of loan are more suitable for this kind of investment. Instead, a working capital business loan [...]
Metal fabrication — the process of building machines and structures from raw metal materials — includes cutting, burning, welding, machining, forming, and assembly to create the final product. Like many other trades, the industry’s profitability relies on economic growth to thrive. One shift that has occurred since the last recession is that shops are moving [...]
