Is it Smart to Pay off Short-term Debt Early? When you’ve taken out a short-term loan, you may consider paying it back before the term is up. This might not necessarily be in your best interest. Here’s a closer look at why you should or should not pay back your short-term loan early. Why Pay Back a Short-Term Loan Early? Business owners frequently look to pay off short-term loans early when they are looking to take out a loan for more money.  In this situation, your new lenders for your new loan would look to buy the left over amount of your old loan, plus add in the new amount of mon ..read more

Cash Flow Management A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers. Here are three recommendations on how small businesses should think about cash flow so that they don’t find themselves ill-prepared for circums ..read more

When A Small Business Should Consider a Non-Bank Loan Even though bank loans typically have lower interest rates than alternative lender loans, there are major benefits and quite a few scenarios where an alternative lender loan is the right choice for your small business. Collateral If you have invoices or equipment that you can put up as collateral, you could get a lower interest rate with an alternative lender because they are more likely to work with your situation to get your business the money you need. Banks are typically less lenient and require very strong financials, coupled with a ..read more

Cash Flow Management A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers. Here are three recommendations on how small businesses should think about cash flow so that they don’t find themselves ill-prepared for circums ..read more

Cash Flow Management A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers. Here are three recommendations on how small businesses should think about cash flow so that they don’t find themselves ill-prepared for circums ..read more

Is it Smart to Pay off Short-term Debt Early? When you’ve taken out a short-term loan, you may consider paying it back before the term is up. This might not necessarily be in your best interest. Here’s a closer look at why you should or should not pay back your short-term loan early. Why Pay Back a Short-Term Loan Early? Business owners frequently look to pay off short-term loans early when they are looking to take out a loan for more money.  In this situation, your new lenders for your new loan would look to buy the left over amount of your old loan, plus add in the new amount of mon ..read more

When A Small Business Should Consider a Non-Bank Loan Even though bank loans typically have lower interest rates than alternative lender loans, there are major benefits and quite a few scenarios where an alternative lender loan is the right choice for your small business. Collateral If you have invoices or equipment that you can put up as collateral, you could get a lower interest rate with an alternative lender because they are more likely to work with your situation to get your business the money you need. Banks are typically less lenient and require very strong financials, coupled with a ..read more

Cash Flow Management A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers. Here are three recommendations on how small businesses should think about cash flow so that they don’t find themselves ill-prepared for circums ..read more

Is it Smart to Pay off Short-term Debt Early? When you’ve taken out a short-term loan, you may consider paying it back before the term is up. This might not necessarily be in your best interest. Here’s a closer look at why you should or should not pay back your short-term loan early. Why Pay Back a Short-Term Loan Early? Business owners frequently look to pay off short-term loans early when they are looking to take out a loan for more money.  In this situation, your new lenders for your new loan would look to buy the left over amount of your old loan, plus add in the new amount of mon ..read more

Cash Flow Management A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid. Inconsistent payments can lead to missed payments for bills, delayed employee paychecks, and/or a halt in your growth from inventory problems and not being able to satisfy all of your customers. Here are three recommendations on how small businesses should think about cash flow so that they don’t find themselves ill-prepared for circums ..read more