Obtaining working capital is no simple task for many small business owners, especially newly launched companies. Though tough, finding a funding source is not impossible. Procuring traditional loans is a difficult task because of the stringent qualifications they carry, while other businesses may not be able to afford high interest credit cards. Luckily, several [...]
It appears that small businesses aren’t getting the financial help they formerly received from credit unions. A recent small business lending report shows that bank loan approvals, though low, have risen a full 7% within between May 2012 and May 2013. On the other hand, the approval percentage for small business loans has plummeted [...]
Customers who fail to pay, newcomers to the industry, seasonal sales patterns and difficult economic conditions; all of these can threaten the financial status of a company. Adequate financing is imperative to any business. If a firm faces a rough patch or unexpected growth and can’t get financing to fund normal operations, then it [...]
The financial assistance available to start-ups may be minimal at best. Financial institutions have rigid funding requirements. Therefore, a short business history, a lack of credit or slow-paying customers all act as barriers to financing and meeting your business goals. Financing a small businesses can be a difficult task for entrepreneurs. Luckily, accounts receivable [...]