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21
Declined for a Business Loan? Take These Next Steps

Life is a process of trials and errors, and there’s probably no one for whom that statement rings more true than a small business owner. This statement especially applies when small business owners apply for loans to gain much-needed capital to ensure their businesses grow or to smooth out their cash flows. What if, however, […]

22
Best Business Loans for Startups

There are many ways to describe what it’s like to start a business: exciting, ambitious, and passionate, to name a few. Almost every small business owner would agree, however, that there’s one word they would never use – easy. For all types of businesses, one of the most difficult challenges for any new small business […]

25
The Cost of Opening a Dental Office

Congratulations on successfully graduating dental school and earning your DDS or DMD. Statistics indicate that you are going to have a fulfilling and lucrative career, as US News and World Report’s 2021 Best Jobs Report lists being a dentist as the 9th best job in the country.  The American Dental Association estimates that 77% of […]

26
Tips on Starting, Funding a New Business

Small businesses are being created now more than ever, thanks to people being laid off or furloughed during the COVID-19 pandemic and the advent of online tools aimed at helping budding entrepreneurs. In April 2021, roughly 500,000 people in the U.S. applied for new business applications, compared to just 300,000 in the same month of […]

27
How SBA Loan Forgiveness Works

Not every small business owner is going to succeed on their first try, as roughly 20% of small businesses, on average, fail in their first year of operation according to the Bureau of Labor Statistics. This past year has seen even worse with approximately 140,000 small businesses failing due to  the COVID-19 pandemic.  It is […]

28
A Doctor’s Guide to Medical Practice Loans

Getting financing for health care practices shouldn’t have to be as complicated as surgery.  No matter what type of health care professional you are, you’re going to need state-of-the-art equipment, computers and office space to ensure a successful practice.  A variety of medical practice loans exist that considers the unique needs and qualifications of health […]

29
How Plumbers Can Optimize Cash Flow

One of the main reasons small businesses fail is lack of cash. And it’s possible to have no cash even if your business is making a profit. That’s because assets, like accounts receivables, are not cash until you’re able to collect what’s owed to you by your customers. Profit, in this case, will not pay […]

30
5 things you don’t know about working capital — but should

Working capital – the amount left over after subtracting current liabilities from current assets – is the lifeblood of a small business. However, many people are still confused about its benefits and uses. Here are five things that many small business owners don’t know about this important resource that helps a company survive and thrive: 1. Working capital […]