The Source

Working Capital

The Advantages and Disadvantages of Short-Term Financing

7 minute read

April 11, 2024

Due to bad credit, a poor debt-to-income ratio, or strict lender credit score requirements, you may not qualify for traditional financing options like long-term business loans or may be looking at a small business loan...

Facing a Huge Tax Bill? 3 Reasons to Pay Your Taxes with a Small Business Loan

4 minute read

April 4, 2024

If your business is faced with a tax bill it can't afford, you may benefit from paying it off with a business loan. By doing this, you won't have to pull money that's allocated to...

Six Questions to Ask About Commercial Bridge Financing

4 minute read

March 19, 2024

When a homeowner wants to buy another home before they sell their existing one, they might use their current house as collateral for a short-term loan. Likewise, business owners can use commercial bridge financing to...

How to Apply for the Minority-Owned Business Certification

4 minute read

February 20, 2024

Getting certified as a Minority Business Enterprise (MBE) can open the doors to corporate and federal business contract opportunities. It may also help you qualify for grants and business development training. However accessing these benefits...

Tax Liens and Small Business Loans: Imperfect Together

4 minute read

February 6, 2024

For a variety of reasons, your firm owes the IRS back taxes well into the five (or maybe even six) digits, and the IRS places a tax lien on your business. It's laid claim to...

Pros and Cons: Funding from an Angel Investor

3 minute read

June 7, 2023

With private investment playing a large role in American small-business development, should your firm be looking to the heavens for an angel of its own? Do you want one of the mega-entrepreneurs on Shark Tank...

Explore the Many Rewards of Giving Back to the Community

2 minute read

May 31, 2023

What are you waiting for? Get your business behind a local cause and reap the rewards. Why should you engage? You can express your firm’s ethos & its values, traditions, and attitudes & by engaging...

7 Bank Loan Requirements

3 minute read

May 17, 2023

Be ready to answer these before even calling a potential lender. Approval rates for small-business loans are flat or declining. Most-recent government statistics report an 18 percent decline in loan approval rates at midsize bank...

Why Your Business Should Master Working Capital Management

5 minute read

April 26, 2023

Following this essential best practice ensures that you have cash when it’s needed most. Working capital (also known as net working capital) is the bread-and-butter cash with which you fund the costs of doing business...