What Are No Collateral Business Loans?

What Are No Collateral Business Loans?

When you want to grow your business, obtaining a small business loan is a common approach for making it happen. However, there are a variety of loan types that can be considered, including “no collateral business loans.” No collateral business loans can be defined as loans that utilize a borrower’s promise to pay as security, […]

How To Calculate Business Loan Fees

How To Calculate Business Loan Fees

If you’re starting a business or looking to grow your existing business, a small business loan may be a viable financial strategy. Keep in mind that when you repay a small business loan, however, you’ll end up paying more than the amount borrowed because of interest, amortization, and business loan fees. All small business loans […]

Business Loan Principal vs Interest: What's The Difference?

Business Loan Principal vs Interest: What’s The Difference?

Most small businesses are unable to make major purchases without taking out business loans. Understanding how the loan process works is important for business owners and others looking to take on a loan. This includes having a clear understanding of principal vs interest. Businesses must pay interest, which is simply a percentage of the amount […]

3 Core Business Loan Components

3 Core Business Loan Components

Most business owners looking for financing don’t have time to research and learn everything they may need to know about the process. The reality is that most small business owners are quite busy running and managing their business. Getting help on the essentials is a good idea, however, especially if this is your first foray […]

Business Strategy: The Commander's Intent

Business Strategy: The Commander’s Intent

A common frustration among small business owners is the lack of execution or implementation of their business strategy and objectives. In fact, they may have clearly articulated their vision for their business – their Big Hairy Audacious Goal – as James Collins and Jerry Porras put it in their 1994 book Built to Last: Successful […]

Using Cash Flow Analysis To Find Cash In Your Business

Using Cash Flow Analysis To Find Cash In Your Business

It is said that cash is the lifeblood of a business. That is never truer than when your business is growing. The faster the growth, the more cash you need. Even if growth for you is getting better rather than bigger, it still takes cash. Cash flow analysis is a vital component that is often […]

Optimizing Your Financial Management Resources

Optimizing Your Financial Management Resources

You know that running and building a business isn’t easy. There’s much that goes into the work of each day, details to take care of, and all the important strategic work, like planning for growth, improving your product or service, and achieving a competitive position in your market.   The Value of Financial Management Systems […]

5 Smart Ways To Invest In Your Own Business

5 Smart Ways To Invest In Your Own Business

It’s often said that “You have to spend money to make money.” While there is a great deal of truth to that maxim, spending money does not always bring a return and – if done without forethought and a strategy – it can mean the difference between a growing business and looming bankruptcy. However, there […]

Creating Your Business Vision With Your Budget

Creating Your Business Vision With Your Budget

As a leader with a vision for your business you need a budget to plot your financial progress towards it. Budgeting helps you understand whether your vision is feasible or not. And it helps you plan the steps you need to take towards achieving it.   A Budget Supports Your Vision For most business owners […]

How To Lower Your Business Expenses

How To Lower Your Business Expenses

The start of a new year is one of the best times for a business owner to examine their budgets and find ways to both try and increase revenue and lower business expenses. Oftentimes, cutting a little bit in a few areas can have just as much impact as cutting a lot from one or […]