Fundera

AUGUST 21, 2018

Nobody starts a business because it’s easy. On the contrary, every new business comes with its own set of unique challenges, and small businesses are no exception. For newly minted entrepreneurs, it’s those quintessential “small business problems” that can break their operations—or make them, if navigated properly. In fact, according to the US Small Business Administration, only half of small businesses will survive past their five-year mark ; and that small business success rate falls to just o

Small Businesses 107

Small Businesses Credit Scoring Deductions 107

Fundera

AUGUST 24, 2018

Owning a restaurant is challenging but rewarding work. You have to juggle ordering ingredients, streamlining your menu, and keeping your food options fresh and exciting—and that’s just to start with. On top of these logistics, there are tons of other hats you have to wear on a regular basis: chief among them is managing social media for your restaurant.

Small Businesses 85

Small Businesses 85

Fundera

AUGUST 23, 2018

Opening a business checking account should be top of mind for anyone starting a business. A business checking account is essential. It’s from this account that you pay suppliers, vendors, and anyone else you do business with. Beyond this functional use, a business checking account also lets you separate your personal and business finances. And if you plan on applying for a small business loan in the future, you’ll likely need a separate business checking account to qualify. .

Transactions 76

Transactions Small Businesses Credit Unions 76

Fundera

AUGUST 19, 2018

To take on the challenge of running a winery, you need to be determined, fearless, and passionate about your craft—although owning a vineyard seems romantic, the wine-making business is a tough one. . Just take a look at the success story behind Russell Bevan of Bevan Cellars. Bevan bought his first 10 acres in Napa Valley’s Sonoma County in 2004, but it wasn’t until 2013 that he got his first 100-point Robert Parker score , the numeric wine rating system, for his 2011 Cabernet Sauvignon.

Credit Scoring 76

Credit Scoring Credit Unions Small Businesses 76

Fundera

AUGUST 24, 2018

What Is a Blanket Lien? A blanket lien, also called a UCC-1 lien, gives a lender a legal claim to all of a borrower’s business assets if the borrower defaults on the loan. In the event of a default, the lender can seize all of the business’s assets up to the value of the debt, and sell them to repay the debt. When you get approved for a business loan , both you and the lender hope that the capital will help your business grow and generate more profits.

Default 68

Default Credit Scoring Credit and Collections Small Businesses 68

Fundera

AUGUST 18, 2018

With the immense number of business startup costs involved in launching a company, founders are always concerned with financing their ventures. But securing traditional financing as a startup is among the most difficult challenges within small business lending, so many startups turn toward equity investors, instead. Companies aren’t always in a position to give up more ownership, though, which is when venture debt financing can be a crucial instrument.

Credit Scoring 59

Credit Scoring Default Small Businesses 59

Fundera

AUGUST 19, 2018

Just knowing that you need a business credit card as an entrepreneur is a huge financial step. Why? Building business credit is essential to laying a strong financial foundation for your company, and a business card will help you do just that. Looking for the easiest American Express business card to get is also a good move, as the card issuer offers excellent choices for small business owners.

Credit Scoring 52

Credit Scoring Small Businesses Transactions 52

Fundera

AUGUST 18, 2018

If you’re a small business owner (or a would-be entrepreneur who’s ready to get your company off the ground), there are tons of business bank accounts out there for the choosing. When deciding which one is right for your business, you might be inclined to see what your personal bank offers for your business. And if you’re a USAA member, your first thought might be to look into USAA business checking as one of your front-runners.

Credit Unions 52

Credit Unions Transactions Small Businesses 52

Fundera

AUGUST 20, 2018

If you’re out to start a new business, you may have considered seeking venture capital funding to help you get started. This can seem like a foolproof strategy, especially if you’re armed with the knowledge that VC funding has reached record highs. However, this growth is not evenly distributed, with early-stage funding (the initial funding rounds, defined in this report as angel and seed rounds) proving to be quite stagnant.

Transactions 49

Transactions 49

Fundera

AUGUST 22, 2018

When you’re a small business owner, there are a lot of little things you need to buy that you might not have considered initially. You might have to stock your office or your staff room, or you might be throwing an event that requires food and paper plates. Whether it’s a regular occurrence or a more spontaneous event, shopping at a wholesale retailer like BJ’s—and using the BJ’s business credit card—could save you some money in the long run.

Transactions 40

Transactions Small Businesses 40

Fundera

AUGUST 21, 2018

Managing payroll and HR can be tough for a busy small business owner. Every time you hire someone, there are forms to fill, checks to sign, taxes to pay, regulations to comply with, paid time off to track, and so much more. And if you make a mistake, you could wind up having to pay fines and fees. In fact, 1 in 3 business owners have been in this situation.

Small Businesses 75

Small Businesses Deductions Accounting Firms Dashboards 75

Fundera

AUGUST 20, 2018

It’s likely you’ve heard of Kickstarter, Lending Club, or GoFundMe. If you have, you’re one step closer to understanding what crowdfunding is. From a cooler that doubles as a speaker and blender to a virtual reality headset, the most innovative (and sometimes crazy) ideas have seen success through crowdfunding campaigns. Crowdfunding is the monetary efforts of a collective of individuals who support a business venture or project.

Small Businesses 84

Small Businesses 84

Fundera

AUGUST 22, 2018

Applying for a business loan is a major financial undertaking. And if you’re applying for an SBA loan in particular, your workload might increase that much more. Simply due to the amount of planning, financial reporting, and paperwork it takes to apply for an SBA loan—let alone get approved—it’s worthwhile to seek an SBA loan consultant to facilitate the process.

Brokerages 40

Brokerages Nonprofit Organizations Small Businesses Credit Scoring 40