Category: Business Credit

I not only grew up in a family business and watched my Dad dip into the equity in our home when he was short on cash, there was a time or two when I felt compelled to fund my business with home equity. It’s not something I recommend today. Let me tell you why. As a Small Business Owner, You Probably Understand I hope you find this disclosure of my past mistakes helpful as you face the current health and… Read More

The primary difference between is that a loan is an installment account, while a line of credit is a revolving account. With a loan, you receive the money immediately and repay it over a predetermined period. A line of credit works like a credit card, allowing you to repeatable borrow and repay against your credit limit.  Small business owners often turn to loans and lines of credit to finance different types of business operations. Both options can give you access… Read More

[et_pb_section][et_pb_row][et_pb_column type="4_4"][et_pb_text]If your small business accepts Visa card payments, you may be facing higher interchange fees soon. A recent Bloomberg report cited a document sent by Visa to banks, which detailed how Visa's new merchant rate changes will take effect and who they will impact. What's Changing Visa and Mastercard facilitate more than $6.5 trillion in card payments each year, and interchange fees mean they get a slice of that pie. With the new changes, Visa will earn $1.99 on… Read More

Starting a business is exciting but there's one big question you have to answer right off the bat: How will you fund it? The good news is, there are plenty of business financing avenues to choose from for entrepreneurs who need cash to get operations up and running. Read through this in-depth guide to learn how to finance a new business, then explore your business financing options.  Common Methods for Financing a New Business There are multiple ways to finance… Read More