Through the ups and downs of the U.S. economy in the last few years, lending practices have changed across the board as investors have become far more particular about who they loan money too. One positive trend has been seen in small businesses, as more and more small business owners obtain carefully planned loans in order to grow their companies. (more…)
Owning a restaurant is an exercise in problem solving and overcoming challenges. The majority of restaurants fail by year three. Quite simply, it is a tough business to launch and sustain. The good news is there's a light at the end of this entrepreneurial tunnel.
The domestic manufacturing industry is the source of a modern-day fairytale. It has gone through quite a transformation since being moved largely offshore in 2008. Current trend-watchers are referring to it as a Cinderella story. Looking at the evidence in front of you, it would be hard to disprove their claim.
So why was this staple of the land of opportunity outsourced in the first place? Let's find out.
More than just the initial investment or a lump sum for specific purposes, many small to medium sized businesses can benefit from extra working capital. But what if all your funds are tied up in equipment, designated for rent, or otherwise inaccessible? Especially in the early years of operation, this is a common problem that can keep businesses from reaching their full potential.
In the early years of business, a company’s greatest difficulty is sometimes access to working capital. Even a successful business may find that the initial costs for a business are too great to leave much room for growth, keeping them small for longer than their potential recommends. Without the good credit that only comes after some years in operation, extra financing can be nearly impossible to obtain.
Starting a small business is a gamble on many levels. If you survived the start-up phase, you passed “level one.” By the time businesses get to this point, certain questions usually enter the conversation. One question we hear frequently is: why is small business factoring a good idea so soon after establishing my company? This article will uncover the answer to that question.
The public perception of equipment leasing and finance is that it begins with finding hot leads. Leads definitely come into the mix, but people who are not industry insiders typically miss the first step of this crucial process: acquiring the funding to secure and bid on equipment and contracts.
Can anyone name a business that requires $100,000 in upfront capital even though it’s not a start-up? One of the biggest contenders in this category is landscape contracting. The reason is partially due to the seasonal nature of the work and partially due to the cost of supplies for any given job. (more…)
Factoring is a popular way for seasonal businesses to get a couple of important cash flow injections when they need them most: at the beginning of the busy season and near the end of it. These well-timed revenue boosts are what help them plan for and survive a sizable off season. (more…)
Nurturing Business, Cultivating Hope
