Reliant Funding | Blog For Small Business News, Trends & Tips
327 FOLLOWERS
Reliant Funding provides customized, short-term funding to small and mid-sized businesses nationwide. Reliant Funding's mission is to help small and medium-sized businesses thrive. We work with our clients to find the best solutions to their financial needs while delivering the highest level of customer service and care. Discover information that will help you run your small or..
Reliant Funding | Blog For Small Business News, Trends & Tips
11M ago
Building business credit is a crucial step for any small business owner looking to secure financing and establish a strong financial foundation. Unlike personal credit, which is tied to your Social Security number, business credit is linked to your business’s Employer Identification Number (EIN) and is a measure of your company’s creditworthiness. Here’s how to establish and improve your company’s credit to better your chances of getting funding and with better terms.
Establishing Business Credit: The Starting Line Understanding the Difference Between Personal and Business Credit
As an entrepr ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
11M ago
Building business credit is a crucial step for any small business owner looking to secure financing and establish a strong financial foundation. Unlike personal credit, which is tied to your Social Security number, business credit is linked to your business’s Employer Identification Number (EIN) and is a measure of your company’s creditworthiness. Here’s how to establish and improve your company’s credit to better your chances of getting funding and with better terms.
Establishing Business Credit: The Starting Line Understanding the Difference Between Personal and Business Credit
As an entrepr ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
1y ago
The beauty salon industry has always been an evolving and dynamic one. Recently, the hair salon industry trends point towards organic products, sustainable practices, and tech-integrated salons, there’s no better time for salon owners to expand or renovate. Whether you’re a startup or an existing salon looking for growth, funding remains a crucial aspect of realizing your business dreams. Here’s how you can navigate the world of loans, cash advances, and financing options tailored for the beauty salon business.
1. Understanding Salon Business Trends in 2023
Before diving into how to get financ ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
1y ago
In the fast-paced world of business financing, the commercial bridge loan stands out as a crucial tool for small business owners. Often, opportunities arise that require quick and flexible financial solutions, and this is where a commercial bridge loan becomes invaluable. In this comprehensive article, we will delve into the intricacies of commercial bridge loans, helping business owners understand how they work, their pros and cons, and why they might be a preferable option compared to other financing alternatives.
What is a Commercial Bridging Loan?
A commercial bridge loan is a type of shor ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
1y ago
In the construction industry, smooth cash flow is the key to ensuring that projects run seamlessly. For small business owners, understanding and accessing the right financing options is essential to maintaining a healthy balance sheet so that projects don’t grind to a halt. But who has time during their business day to be thinking financing their business when they are busy running it. To help make it easier, here’s a look into the various financing solutions available to construction businesses.
Understanding Construction Loans: A Crucial Financing Option
A construction loan is a short-term l ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
1y ago
The allure of owning a liquor store is often irresistible for many entrepreneurs. In addition to providing the promise of a steady income stream, liquor stores are less prone to economic downturns. Even during a pandemic, they provided an essential service and may remained open when other businesses are forced to close. So whether you are considering opening a liquor store or already have an established store and are looking to grow, here are a few of the considerations you should weigh.
The Benefits of Owning a Liquor Store
The business of alcoholic beverages thrives on versatility. From craf ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
1y ago
Growing your business can be an uphill battle. There are many roadblocks to success – stiff competition, picky customers, funding crunches, market fluctuations, and staffing issues, among other things. Hard work and a competitive product or service aren’t enough to secure growth – you need a solid growth strategy that’s tailored to your unique business and present market conditions.
Below, Reliant Funding offers some best practices for growing your business:
Tailor your strategy to your specific growth stage
There are four stages of business growth, according to The Hartford: startup, growth ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
2y ago
Leading small business finance company strengthens balance sheet and demonstrates continued growth.
San Diego, CA (October 25, 2022) – Reliant Funding, a leading small business finance company, today announced it closed on certain amendments to its existing accounts receivable securitization facility, notably increasing the committed amount from $75 million to $125 million.
“Reliant Funding has always led small business owners – America’s backbone – to the road of success by providing the ability to achieve their greatest growth,” said Chief Executive Officer of Reliant Funding, Steve Ki ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
2y ago
Recently, there has been a significant discussion on the Internet of Things (IoT), especially as intelligent technologies evolve. The Internet of Things is simply the process of connecting devices (from wearable smartwatches to thermostats, smart locks, and security cameras) to the internet using sensors. As a day-to-day part of our business, smartphones and devices are becoming increasingly popular and IoT benefits small businesses.
Technologically literate consumers know how the Internet of Things is expected to affect their lives, but what does this upcoming trend mean for businesses? Compa ..read more
Reliant Funding | Blog For Small Business News, Trends & Tips
2y ago
Opening a new business is fun and exciting. You choose a logo, products, and new supplies and enjoy the act of creating something new. Some details are a little less exciting but absolutely fundamental to the opening and operation of your endeavor — Reliant Funding shares some tips and resources you can use below.
Business Formation
When opening a new business, you must take a few important steps. For your business to operate, it must be a legal entity, and you must secure any necessary funding. These tasks aren’t the most fun but are definite requirements.
Organization
When registering your b ..read more