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Small Business Finances

If you are just starting a business and you’ve been made aware that you have a bad credit score, you may be asking yourself this question for quite a while now: Where to find startup business loans? Most lenders like banks and traditional lending companies usually do a credit check before approving any type of loan,…
Opening a small business is not as unattainable as you think. In fact, nearly 80% of small startups survive their first year in business. To be successful, however, you need more than just a good idea. It takes capital. While the ideal scenario is funding this on your own, chances are you’ll need a small…
As most people grow more successful in their industries, they begin to look outward for ways to help others. Philanthropy can be a powerful tool, especially when individuals use their wealth to support nonprofit organizations that need assistance. The more involved you become with a nonprofit, the easier it will be for you to see how…
PCI audits involve an end to end examination of the security of your organization’s credit card processing system. You will typically need to work with your Internal Security Assessor or a Qualified Security Assessor (QSA) to gauge whether the information security controls you have in place are at par with the regulatory requirements. Ideally, your…
There are many metrics used by real estate investors to measure the performance of various income generating properties, and use it to decide whether to buy or not to buy a property. Few of the most used metrics are gross operating income (GOI), gross rent multiplier (GRM), debt coverage ratio (DCR), loan to value ratio…
You have had to face the harsh reality of having your application denied. However, it does not mean that you will not get a mortgage at all. When a lender denies your request for a loan, you might feel like you have lost it all. But it is not true. There are some steps you can…
As an entrepreneur, many of your day-to-day decisions are based around finances.  After all, you must ensure that your costs are at a minimum and the revenue / ROI is as high as possible. You also have to pick the right investments that can contribute to the growth of your business. For instance, you may wonder…
It’s estimated that big banks only approve about 26.9 percent of small business loans applied for. That’s a pretty disheartening number considering the number of new small businesses that open each year. While this is a hurdle for many businesses, it is possible to acquire the money needed for operations. The best way to increase the…
When money is tight, and you’re struggling to find enough cash to handle all the bills you get each month, it can be difficult to save for the future too. However, just because you’re limited with your cash doesn’t mean that you can afford to ignore any financial preparation. Remember, your emergency savings are what…
Are you considering getting a personal loan and this is your first time doing so? There might be some differences between what you think a personal loan is and what it is not. Personal loans are not car loans, they aren’t student loans, and they aren’t a business loan. A personal loan is a loan…