When it comes to acquiring equipment for your operation, there are a number of choices, and a number of opportunities and pitfalls. The most clear choice is to purchase it outright with cash, but business owners may also use an equipment loan to finance equipment over...
Lines of credit are a valuable tool for small businesses that want easy access to a renewable source of working capital. Credit lines can support a business through periods of low revenue and help cover emergency expenses. Similar in some ways to a business credit...
In most companies, employees don’t get paid the same day they work. They work for a week and get paid in two weeks or get paid for last month’s work at the end of this month. The same concept can be scaled up to the business level. Businesses that rely on invoices,...
Small business owners looking for financing have probably come across the United States Small Business Administration or SBA. If not, SBA loans are well worth looking into. They’re often a secondary stop after being turned down by a bank or private lender. There...
Here’s a thought exercise you can try the next time you’re visiting a new city: take a deliberate look at the urban landscape and compare it to where you live now or even where you grew up. Do you see distinct districts of office space and residential? Or, do you find...
Summer is right around the corner, which means we’re entering the height of construction season. Understandably, most construction projects kick off once the ground has thawed and there’s less chance of precipitation. In northern or mountainous regions where ice and...
