What is a DSCR Loan and How Does It Help Your Business?
SMB Compass Blog
by Ezra Cabrera
1w ago
Business | Business Financing | Business Loans What is a DSCR Loan and How Does It Help Your Business? Ezra Cabrera | March 14, 2024 Share on Facebook Share on Linkedin ? Share on Twitter Contents Small business owners often struggle to secure financing due to strict requirements and lengthy approval processes from traditional lenders. Fluctuating revenue further complicates matters, making it challenging to predict cash flow accurately and discouraging lenders. This can leave entrepreneurs scrambling to cover expenses during slow periods. In this article, we’ll look into DSCR ..read more
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9 Ways to Tailor Your Small Business to Customer Needs
SMB Compass Blog
by Ezra Cabrera
3w ago
Business | Business Management 9 Ways to Tailor Your Small Business to Customer Needs Ezra Cabrera | February 29, 2024 Share on Facebook Share on Linkedin ? Share on Twitter Contents Whether you run a small medical practice or a long-distance moving company, your business’s effectiveness — and its long-term success — is going to depend largely on how well you can meet your customers’ needs. When we talk about customer needs, we’re talking about more than just your product. The term encompasses everything from your customers’ need for prompt, friendly service, to their need to ..read more
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4 Tips for Building a Resilient Small Business in Tough Financial Times
SMB Compass Blog
by Ezra Cabrera
1M ago
Accounting | Business | Business Financing | Business Management 4 Tips for Building a Resilient Small Business in Tough Financial Times Ezra Cabrera | February 6, 2024 Share on Facebook Share on Linkedin ? Share on Twitter Contents Small businesses everywhere often operate under unpredictable conditions. Global uncertainties and economic downturns impact markets and supply chains that can hinder an organization’s ability to grow. Building a resilient small business — one that not only survives but continues to perform despite changes to its economic surroundings — requires st ..read more
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Can I use an EIN to Apply for a Small Business Loan?
SMB Compass Blog
by Ezra Cabrera
1M ago
Business | Business Financing | Business Loans | Small Business Loans Can I use an EIN to Apply for a Small Business Loan? Ezra Cabrera | February 2, 2024 Share on Facebook Share on Linkedin ? Share on Twitter Contents Getting a small business loan can be tricky, especially if your personal credit score isn't great and your business is still new. Most lenders check your personal credit score, and if it's under 650-700, traditional banks and the Small Business Administration may hesitate to give you a loan. But here's a solution: find a lender that looks at your business's cred ..read more
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Pros and Cons of Outsourcing for Small Businesses: When and How to Do It
SMB Compass Blog
by SMB Compass
2M ago
Business Management Pros and Cons of Outsourcing for Small Businesses: When and How to Do It SMB Compass | January 17, 2024 Share on Facebook Share on Linkedin ? Share on Twitter Contents For many small businesses trying to keep costs as low as possible, outsourcing can be a lifeline. And small business owners have never had access to such a huge, truly global pool of talent. Today’s founders don’t have to pack up and move across the globe to take advantage of more affordable labor. Now they just have to contact an outsourcing agency and hop on Zoom.   Of course, not all ..read more
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How to Get Bridge Loans Arizona: A Comprehensive Guide
SMB Compass Blog
by Ezra Cabrera
3M ago
Bridge loan | Business Financing | Small Business How to Get Bridge Loans Arizona: A Comprehensive Guide Ezra Cabrera | December 13, 2023 Share on Facebook Share on Linkedin ? Share on Twitter Contents Are you an entrepreneur in Phoenix, Chandler, Surprise, or any other city in Arizona looking to finance your business? If so, you may have come across the term "bridge loans." In this guide, we will delve into the details of bridge loans, their purpose, eligibility requirements, Arizona lenders, and their pros and cons. What are Bridge Loans? A bridge loan, sometimes known as ..read more
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Is It Possible to Get a Business Line of Credit with No Credit Checks?
SMB Compass Blog
by Ezra Cabrera
3M ago
Business Financing | Small Business | Working Capital Is It Possible to Get a Business Line of Credit with No Credit Checks? Ezra Cabrera | December 8, 2023 Share on Facebook Share on Linkedin ? Share on Twitter Contents Key Takeaways While traditional lenders may be strict about credit checks, a business line of credit no credit checks may be possible with alternative lenders. A business line of credit provides small business owners with an option to draw funds from a credit line and use it for urgent expenditures. Unlike with a small business loan, a line of credit won’t r ..read more
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11 Tips to Fine-Tune Your Small Business Email Marketing for Better Results
SMB Compass Blog
by Ezra Cabrera
3M ago
Business | Marketing | Small Business 11 Tips to Fine-Tune Your Small Business Email Marketing for Better Results Ezra Cabrera | December 9, 2023 Share on Facebook Share on Linkedin ? Share on Twitter Search Contents Email marketing is one of the most important aspects of running a business in 2023, right up there with your sales plan. Small businesses have a number of all-inclusive, cloud-based, and user-friendly email marketing services to choose from, such as Mailchimp or Constant Contact. The most popular programs make it easy to reach your customers, but it’s up to you ..read more
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How to Harness the Potential of Influencer Marketing for Small Businesses
SMB Compass Blog
by Ezra Cabrera
4M ago
Marketing How to Harness the Potential of Influencer Marketing for Small Businesses Ezra Cabrera | November 29, 2023 Share on Facebook Share on Linkedin ? Share on Twitter Search Contents One of the biggest obstacles for fledgling small businesses is how to market on a small budget. After all, a small business that can’t find its audience can’t grow. Luckily, the rise of social media has presented an infinitely customizable solution: influencer marketing. Influencer marketing has undergone massive growth over the past decade. From 2016 to 2020 alone, the market size of influ ..read more
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What You Need To Know About Invoice Factoring Rates
SMB Compass Blog
by Ezra Cabrera
4M ago
Invoice Financing What You Need To Know About Invoice Factoring Rates Ezra Cabrera | November 16, 2023 Share on Facebook Share on Linkedin ? Share on Twitter Search Contents Invoice factoring, or accounts receivable factoring, is a way to turn your unpaid invoices into quick cash by selling them to an invoice factoring company. This can be a game-changer for businesses dealing with slow-paying customers or extended payment terms, as it boosts your cash flow. Invoice factoring rates are the charges that factoring companies levy on businesses for their services. The rates can ..read more
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