Posts Written by Matt Carrigan

About Matt Carrigan

Matt Carrigan is the Content Writer at National Business Capital & Services. He loves spending every day creating content to educate business owners across every industry about business growth strategies, and how they can access the funding they need!

Could High Lumber Prices in 2021 Affect Your Small Business?

While the economy recovers from a global pandemic and recession, lumber prices in 2021 are skyrocketing. Earlier in March, lumber prices in 2021 reached record high levels of $1,040 per thousand board feet. As of Q3 in 2020, lumber prices averaged around $761—meaning the rise in prices has been quite substantial. Many construction and manufacturing…

Rehiring Laid Off Employees: 5 Things To Remember

This post is a revised version of an article about rehiring laid off employees originally published on Forbes by National’s CEO, Joe Camberato. To view the original article, click here. Wondering when you should start rehiring laid off employees? Vaccines are becoming more available every day and local governments are slowly starting to lift lockdown…

How Does a Line of Credit Work?

This post was last updated on March 10, 2021 with more information about how business lines of credit work. Wondering how does a business line of credit work? If you’re the owner of a fast-paced business that faces unexpected challenges and opportunities on a regular basis, there’s a good chance you’ve heard of or been…

Finding Small Business Wholesale Suppliers: The Definitive Guide

Buying from small business wholesale suppliers allows you to improve your profit margins, access a wide variety of high quality products, and save money. Nowadays, it’s possible to buy almost any type of product in bulk. So, why doesn’t everyone buy in bulk and save? Unfortunately, buying from a small business wholesale supplier isn’t quite…

Business Line of Credit Requirements: What You Need for an LOC

This post was last updated on March 3, 2021 to include the latest information about business line of credit requirements. Do you need a ready source of working capital for your business? A revolving line of credit can be the buffer you need when cash flow isn’t sufficient to cover expenses. It’s the most reliable…

9 Best eCommerce Platforms For Small Business Online Sales

It’s no secret that the eCommerce industry is rapidly growing, and holds huge opportunity for committed entrepreneurs. But in order to succeed, you’re going to have to find the best eCommerce platform for your small business. Top eCommerce solutions can help you drive traffic, stand out visually, generate marketing leads, and ultimately, boost sales.  There…

Considering Downsizing Your Small Business? 7 Things to Know

Are you considering downsizing your business? The COVID-19 pandemic has forced many business owners to take on desperate measures in order to survive—one of them being downsizing. Downsizing your business is not a decision to be taken lightly. It involves actively scaling back on personal and operations in order to stay afloat. And even then,…

7 Types of Collateral You Can Use to Secure a Small Business Loan

If you’re in the market for a small business loan, then your lender may (or may not) require that you put down collateral to secure the loan and minimize their risk. But with numerous types of collateral out there, understanding which option will work best for you can be confusing. After all, each comes with…

Small Business Loan Underwriting Guide: What Lenders Look For

For borrowers unfamiliar with how it works, the process of underwriting small business loans can be shrouded in mystery. After submitting the initial application, many small business owners are left in the dark when it comes to underwriting.  However, underwriting is one of the most important parts of your loan process. The underwriting process can…

Small Business Trends You Should Follow in 2021

Wondering which small business trends in 2021 will be the most impactful? 2020 was a difficult year for many small businesses. Between a global pandemic, economic recession, and social upheavals, many small businesses were forced to pivot and adapt in order to survive.  Despite the many shakeups and challenges, some common trends have emerged. As…