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Should I Get a Small Business Loan? Is It Worth It?

4 minute read

November 5, 2024

Do you need a loan? You're not alone. In their quest to grow, small businesses borrow more than $100 billion per year. And you can be among them — if you make a clear case...

Six Essential Tips for Handling an IRS Audit

4 minute read

October 22, 2024

Audits are an essential part of the federal taxation process — and with good reason. In-person field audits and audits managed by mail are responsible for recovering billions in unpaid taxes. In fiscal year 2023...

Should You Consider a Business Line of Credit?

6 minute read

October 15, 2024

Credit cards are one of the most popular forms of business credit. But they can't always address your firm's needs. When times are tough, a business line of credit can help you to make payroll,...

What Financial Documents Are Required for a Business Loan?

6 minute read

October 8, 2024

Without determining the likely risk of providing financing to potential small business borrowers, lenders can't make informed decisions about which loan applications to approve. They also need the same vital information to decide on funding...

What Is Unearned Revenue? An Asset or Liability?

4 minute read

September 24, 2024

When you provide goods or services, you get paid. That's revenue. But when you get paid before you actually provide the goods or services, you're collecting unearned revenue. And there's nothing wrong with that: Many...

Six Essential Expenses When Opening a Second Business Location

4 minute read

September 19, 2024

Congratulations! Your first cupcake shop has been a huge success. (Especially the red-velvet cheesecake recipe.) Now you're ready to branch out and share your success with a new set of hungry customers. But whether you're...

How Long Does It Take to Get a Business Loan?

6 minute read

August 22, 2024

Business owners look for financing options for many different reasons, including acquiring new equipment, inventory, or property or simply to maintain a positive cash flow to cover operating expenses. But how long does it take...

4 Questions Seasonal Business Owners Must Ask About Borrowing

4 minute read

August 20, 2024

During the summer, Della's Delectable Delights, a gourmet market on the New England coast, is busy from dawn 'til dusk. But when the weather cools off, its apple pie and pumpkin-spice coffee sales aren't enough...

Skipping the Credit Check on a Business Loan

3 minute read

July 25, 2024

It almost sounds too good to be true: a business lender approving you for a loan without checking your credit? However many so-called "fintech" lenders look at the 5 C's: credit, capital, character, capacity, and...