Unfortunately, bad credit has precluded a number of business owners and prospective business owners from realizing their dreams of getting their company off the ground and running. According to some stats, fewer than one-third of businesses looking for funding through a traditional banking method were actually approved. So how can you get the cash youRead More
Whether the focus is on treating sports injuries, battling the flu, treating slip-and-falls during the winter, soothing sunburns and other skin problems in the summer — and the list goes on — firms in the healthcare space face demand-related spikes and lulls; just like companies in other industries and sectors, from retail to professional services.
The world of business advice has a tendency to be melodramatic at times. Indeed, it’s not uncommon to flip (or click) to an article that warns about the latest problem that is gearing up to send your business straight to the dustbin of history.
The world of business advice has a tendency to be melodramatic at times. Indeed, it’s not uncommon to flip (or click) to an article, report or book that warns about the latest problem (Great Recessions, ill-conceived government regulations, rogue nation states, and so on) that is gearing up to send your business straight to theRead More
Inventory financing is essentially a line of credit that uses inventory (either a portion or all) as collateral. It allows businesses to tap into the value of their inventory, even though it may not yet be completely finished and in saleable condition (which can be the case in manufacturing), or simply hasn’t been sold yet.Read More
Before we look at when it makes sense to get an unsecured line of credit, it may be helpful to take a step back and unravel one of biggest sources of confusion on the business funding landscape: what “unsecured” really means. When connecting it to our personal lives, the term “unsecured” has a somewhat worrisomeRead More
Are you confused about the difference between a line of credit and a loan? Be assured that you aren’t alone! Often, these terms are used synonymously or interchangeably. However, they are distinct funding products, and understanding the differences will help you clearly determine which – if either – is right for your business. The keyRead More
Restaurant owners know that it’s only a matter of time before they need additional cash to take care of emergency repairs, hire new staff, purchase equipment and inventory, run advertising and promotional campaigns, and the list goes on. As such, it’s not a question of if they’ll need restaurant loans, but when, how fast, andRead More
Whew! The fast pace of summer business has slowed down giving business owners a chance to re-group and prepare for the upcoming rush of the holiday season. October can be a slow business month, especially for retailers and restaurants. This can make it the perfect time to address your holiday business funding requirements. Do you have theRead More
Ready for some good news? Small and medium-sized businesses on Long Island are finding it easier to obtain business loans than they have in the recent past. Bankers report that they are lending more because both banks and local businesses are healthier. More good news for people on the search for business loans is thatRead More