Fundera

JUNE 8, 2018

So far, 2018 has been a year of activism for women. The #MeToo movement included women in nearly every industry exposing workplace sexism and harassment. It’s grown into the action-oriented #TimesUp movement. Equal pay has taken a front seat, too, with major court rulings aiding efforts to close the gender pay gap. And the second anniversary of the Women’s March in January attracted hundreds of thousands of people all over the country.

Bankruptcy 111

Bankruptcy Small Businesses 111

Credit & Management Systems, Inc.

JUNE 12, 2018

Last day of the NACM show! Stop by to find out what’s new! Get entered to win 1 of 3 Bluetooth speakers with power bank charger. Come talk to us about our buy 2 get 1 seat special!

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GoCardless

JUNE 14, 2018

Optimise your payments strategy to drive changes in key business metrics like Churn Rate and Customer Lifetime Value, with this cheat sheet from GoCardless and ChartMogul.

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Fundera

JUNE 13, 2018

No matter what industry you’re in, money is the great unifier among small business owners. Whether you’re spending it, trying to keep track of it, or (hopefully) making it, money is always on your mind. And there are a few things every business owner needs to do in order to manage your money the right way—but nothing’s more important than separating your business and personal finances.

Credit Scoring 94

Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy 94

Fundera

JUNE 19, 2018

If you and your friend are both entrepreneurs (or aspiring entrepreneurs), brainstorming new business ideas are probably standard issue. And when you hit upon a really good business idea, you’ll want to take that entrepreneurial spirit off your friend’s living room couch and into the boardroom. That could be a great decision! Be aware, though, that there’s a right way to go about starting a business with a friend—and a not-so-right way, too.

Nonprofit Organizations 89

Nonprofit Organizations Small Businesses 89

Fundera

JUNE 6, 2018

At their very best, small business loans work wonders to alleviate a business’s financial burdens. But for a business with cash-flow issues, getting a small business loan with a down payment actually adds to the stress. Because if a loan requires a down payment , you need to provide that cash, stat, in order to receive your loan at all. That’s why many borrowers hope to find no money down small business loans.

Small Businesses 89

Small Businesses Default Credit Card Payments Credit Scoring 89

Fundera

JUNE 7, 2018

Shows including Flip or Flop and Flipping Out have a firm hold on US television sets, and house-flipping is at a six-year high. There’s no wonder, then, that more people than ever are interested in how to start a house-flipping business. For enterprising investors who aren’t afraid of hard work, flipping a house is an exciting opportunity for short-term investment.

Credit Scoring 85

Credit Scoring Small Businesses 85

Fundera

JUNE 12, 2018

Whether you’re a wedding professional, real estate investor, or simply an entrepreneur interested in the wedding industry, starting a wedding venue can be a big business opportunity. But it’s also a big commitment. Learning how to start a wedding venue means you’ll have to be undeterred by the idea of navigating zoning committees, renovation costs, and financing. .

Credit Scoring 84

Credit Scoring Small Businesses 84

Fundera

JUNE 27, 2018

Vending machines are by no means a novel business idea—they’re basically everywhere, after all. But the more you look into the vending industry, the more exciting it might actually be to find out how to start a vending machine business—especially when you learn that with more than five million machines in the US alone, this industry generates billions of dollars in annual revenue.

Credit and Collections 81

Credit and Collections Small Businesses Default 81

Fundera

JUNE 25, 2018

The rural-urban divide in the United States is pretty far reaching, with deep political, societal, economic, and cultural differences between rural areas and cities. Often, rural communities seem to get the short end of the stick— higher poverty rates, less job growth, and lower rates of literacy and college education. But rural communities actually outperform urban centers on many metrics of successful entrepreneurship.

Small Businesses 81

Small Businesses Credit Scoring Law Firms Credit Risk 81

Fundera

JUNE 24, 2018

You want your employees to feel comfortable and have fun at work, but the workplace shouldn’t feel like a high school. It’s vital for your employees to be respectful, cordial, and professional with each other in order to work together effectively. And if they’re fighting like two teens over a prom date, guess who’s the real loser? That’s right, it’s your business.

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Fundera

JUNE 14, 2018

Running a small business usually means that any expense is going to sting when the charge hits your bank account. Regardless of your budget, it still doesn’t feel great to spend money on simple staples like paper and printers or nails and lumber. Wh ere’s the small business discount program to save the little guy some cash? It almost feels feels unfair that big companies can set up house accounts and snag bulk discounts.

Small Businesses 80

Small Businesses Transactions 80

Fundera

JUNE 4, 2018

For most small business owners, locating and obtaining funding for startup or growth expenses is an important step along the path to success. But it’s an overwhelming one, which is why many business owners seek out small business loan assistance. If you’re brand new to business ownership, the business loan process might leave you feeling overwhelmed, with no idea where to start.

Small Businesses 80

Small Businesses Credit Scoring 80

Fundera

JUNE 23, 2018

When you start your business, you might be going at things alone while dealing with everything that’s involved in launching a new business or startup. There’s so much to do, whether it’s small like finding the right credit card for your business , or bigger like budgeting your overhead costs. But once you’ve started making a profit, it’s time to think about giving yourself a new role and finding more people to help you out with every task you’ve been trying t

Small Businesses 78

Small Businesses 78

Fundera

JUNE 20, 2018

Many people have dreams of becoming a business owner, but aren’t sure where to begin. That’s when looking into low-cost franchises is an opportunity worth considering. It’s one of the easiest ways to break into business ownership, allowing aspiring entrepreneurs the chance to make their business dreams a reality without the challenges of starting from scratch.

Deductions 76

Deductions Small Businesses 76

Fundera

JUNE 16, 2018

Banks and credit card companies spend millions of dollars each year on cash back, rewards points, and travel miles. In 2017, for example, American Express, Capital One, and Discover doled out a combined $12.9 billion in rewards payments! That’s obviously a huge number, and one that’s increasing over time as banks and credit card companies offer more enticing benefits to businesses and consumers. 67% of small business owners use a business credit card , and most of them earn rewards on purchases.

Deductions 75

Deductions Credit Card Companies Transactions Small Businesses 75

Fundera

JUNE 13, 2018

As you research small business loans , you might come across a few financing methods that you didn’t even know existed. In the midst of all that novelty, though, you’ll find at least one familiar phrase: term loans. Term loans are common in business financing. Te rm loans are a lump sum of cash that a lender deposits right into an approved borrower’s business bank account.

Credit Scoring 74

Credit Scoring Default Credit Unions Small Businesses 74

Fundera

JUNE 10, 2018

As hard as it is to come up with a concept for your company and launch it into the world, what’s almost definitely harder is keeping your customers coming back. That’s why a rewards program for small business is a great answer for so many business owners who want to gain an edge over competitors. A small business rewards program provides incentives—like discounts and free merchandise—to your customers for their loyal business.

Small Businesses 74

Small Businesses 74

Fundera

JUNE 20, 2018

As a small business owner, you’re always looking for new ways to engage your customers—you want to get them excited about your company, and keep them loyal. Sometimes, that means offering coupons, rewards programs , or even just by using conventional marketing channels like print and digital advertisements. But business giveaway ideas could be a great way to shake up things.

Small Businesses 73

Small Businesses Transactions 73

Fundera

JUNE 15, 2018

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. But if you’re not sure what a good credit score means and why it matters—or if you’re just confused about credit scores in general—you’ve landed in the right place. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

Credit Scoring 71

Credit Scoring Credit and Collections Credit Risk Default 71

Fundera

JUNE 5, 2018

On the surface, business credit cards and small business loans are obviously different products. But, when you get down to the bones, both financing solutions involve a lender trusting a borrower to repay their debt. That’s why your small business loan often requires collateral to secure. And that’s why, whether you know it or not, signing up for a business cr e dit card most often means signing a personal liability clause.

Credit Scoring 71

Credit Scoring Default Small Businesses Credit Card Payments 71

Fundera

JUNE 17, 2018

Major retailers are crumbling across the country in the “retail apocalypse.” Once-prominent retailers like Macy’s, and J. Crew are closing storefronts, laying off employees, and, in the case of Toys ‘R’ Us, filing for bankruptcy. Influential celebrities and their entrepreneurial endeavors aren’t immune to the casualties, either. DASH, the apparel boutique operated by Kim, Kourtney, and Khloé Kardashian, closed their two stores in Los Angeles and Miami on June 1.

Bankruptcy 70

Bankruptcy Small Businesses 70

Fundera

JUNE 9, 2018

Starting a business can sometimes happen so gradually you almost don’t notice. First, you help a friend by making a website or fixing a sink; then, a few other side projects come up. Before you know it, boom, you’re a full-time freelancer. When that happens, it’s not uncommon for freelancers to make financial mistakes like not saving for retirement, setting up a business entity , or purchasing small business insurance.

Medical Billing 69

Medical Billing Small Businesses 69

Fundera

JUNE 7, 2018

Running a wholesale business requires financial planning, a clear business plan, and willingness to provide flawless customer service. And really that’s just the start. But even if your wholesale business is succeeding, you should still try to think of more lucrative ways that you can continually grow your operations. If you’re complacent with your business goals, it’ll be easier for a competitor to swoop in and overtake you.

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Fundera

JUNE 21, 2018

If you’re a doctor or specialist looking for a medical practice loan to start, purchase, or expand a business, you might find the number of options available confusing. Add to that to the long hours you already put in, and finding the best medical practice loan might seem like it requires time and energy for research you don’t have. The good news, though?

Credit Scoring 65

Credit Scoring Small Businesses 65

Fundera

JUNE 11, 2018

If you’re a small business owner who’s taken out a loan to grow your business, you’re probably worried about paying off your business loan —especially with the interest on top. We have some good news for you: the interest on your business loan is tax deductible as a business expense. There’s no way around the reality that paying off a small business loan is no fun.

Deductions 65

Deductions Small Businesses 65

Fundera

JUNE 28, 2018

What Is Seller Financing? Seller financing is when a business’s original owner offers the buyer a loan to cover a portion of the price of the business. First, the buyer makes a down payment in cash as soon as the deal closes. The seller’s loan covers the remaining amount of the sale price, plus interest, according to the terms set by the lender. Seller financing rarely covers the entire price of a business, so buyers usually use another form of financing in tandem with their seller’s loan.

Credit Scoring 64

Credit Scoring Default Small Businesses Transactions 64

Fundera

JUNE 8, 2018

Every SBA loan process looks different: Each SBA loan program has their own use-cases, intermediary lenders have their own qualification requirements, and every borrower has their own, unique needs. But if we can make a blanket statement about them all (and we will), it’s that SBA loans require paperwork. A lot of paperwork. Your SBA Form 912 is one, very important, sheaf in that stack.

Small Businesses 64

Small Businesses 64

Fundera

JUNE 3, 2018

Ditching the corporate world and striking it on your own can be an intimidating prospect, but it’s also an exciting one. That said, one of the main keys to entrepreneurial success is knowing how (and when) to market your services. In fact, it’s estimated that nearly half of small businesses fail after five years. Scary, right? If you’re thinking about transitioning into life as an entrepreneur, make sure you have the right setup so you’re equipped to go full-steam ahead.

Small Businesses 63

Small Businesses 63

Fundera

JUNE 25, 2018

How to Create a Quickbooks Income Statement. Find the income statement in QuickBooks, according to your version. Choose your income statement report format. Customize your income statement according to your desired preferences, like statement basis, dates, columns, notes, and more. Produce your income statement. Save, print, and send your income statement.

Dashboards 61

Dashboards Default Small Businesses 61

Fundera

JUNE 18, 2018

QuickBooks is, without a doubt, the small business accounting software of choice—just as its more than 2 million users worldwide, and 80%-plus market share prove. With numbers like that, you might be among those looking at how to become QuickBooks certified for any number of reasons. Maybe you’re looking for a bookkeeping job, starting a business, or launching your own bookkeeping or accounting practice.

Small Businesses 61

Small Businesses Accounting Firms 61