credit Archives

Further COVID Stimulus on Hold for Now: What Does That Mean for Small Businesses?

Last week, the president announced that COVID stimulus is on hold for now and that further negotiations on a comprehensive stimulus bill wouldn’t take place until after the election—just weeks away (at this writing). Although...

byNav

October 13, 2020

5 Tips for Keeping Your Business Credit Strong During Turbulent Times

No one knows how long it will take small and independent businesses to recover from the COVID crisis; at this point there is no timeline that allows for serious planning. But what is clear is...

byGerri Detweiler

June 3, 2020

3 Things That Could Cost Your Business its COVID-19 Loan

The Senate approved an additional $60 billion in funding for the Economic Injury Disaster Loan (EIDL) program and $310 billion for Paycheck Program Protection (PPP) loans on April 21, 2020. It now heads to the...

byGerri Detweiler

April 23, 2020

How This Dance Company Choreographs Cash Flow with Credit

Lindsey Dinneen is the owner of VidaDance Studio in Leawood, Kansas. With students ranging in age from 2 to 73, Dinneen’s company aims to bring the joy of dance into the lives of all members...

byNav

July 2, 2019

Can You Get a Business Loan with Bad Credit?

Let’s say you’ve identified an opportunity for your business. It might be a bulk deal on inventory, a necessary equipment upgrade, or a great space for a second location. There’s just one problem: You don’t...

byMeredith Wood

March 29, 2019

Creative Funding Options for Startups and Entrepreneurs

Startups and small businesses are a vital part of the U.S. economy: they serve as an incubator for innovation, make a significant contribution to the national GDP, and provide opportunities for diverse groups of people....

byRyan Rosett

March 15, 2018

5 Ways to Ensure the Financial Success of Your Startup

Running a startup isn’t easy, but having the right attitude makes a huge difference. Embracing change and seeking out good advice allows an entrepreneur's chances of financial success to skyrocket. Entrepreneurs encounter more than a few...

byJay DesMarteau

August 17, 2017

4 Strategies to Get a Loan for Your Small Business

Obtaining a loan can be a challenge for many small business owners. Entrepreneurs don’t realize that even preparing to apply for a loan can take years of foundational work. Some others don’t know about alternative...

byAshley Sweren

July 20, 2017

7 Tips to Secure Financing for Your Small Business

Commercial lenders are conservative by nature. They want to know their money is secure. They need to be confident that the borrower will be able to repay the loan or that assets that can be...

byAnne MacRae

June 29, 2017

8 Funding Alternatives to Consider for Your Startup

When it comes to funding your startup, you may not know exactly where to start. While you could certainly seek out a small business loan, microloan or other program designed to get you the capital...

byCher Zevala

March 10, 2017

What Entrepreneurs Need to Know About Surety Bonds

Startups involve a lot of planning and organizing before you get to the fun of actually running a business, meeting new clients and connecting with peers in your industry. With all of the money, investments...

byMike Herranen

October 15, 2016

Does Outstanding Debt Affect Your Ability to Borrow?

Chances are you already know that having outstanding debt can affect your ability to secure additional borrowing. But are you aware that the type of debt can make a huge difference? Here’s an overview of...

byCarl Faulds

June 6, 2016

Taxes, Credit and Hiring in the Process: All Part of Starting a Business

Thinking of Starting a Business? Remember to Consider Taxes, Credit and Hiring in the Process Have you decided to take the leap and start a business? Congratulations! While there are a variety of factors for...

byNancy J. Wolf

May 6, 2015

Line of Credit: Advantages, Disadvantages & More

Is a Line of Credit the Right Solution for Your Startup? Running into cash flow problems from time to time is part the process of running a startup. Sales growth is never orderly and can...

byMarco Terry

April 14, 2015

Extra Credit

Like my cell phone and briefcase, credit cards are such an integral part of my life that I forget what life was like before I had one. In speaking with some of my younger friends...

byJonathan Hudson

November 15, 2005