Have Bad Credit? How to Still Get Funding for Your Small Business

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Have Bad Credit? How to Still Get Funding for YouFunding For Small Businessesr Small Business

Your business credit score has a large impact on your ability to get funding for a small business. This is a major obstacle for anyone with bad credit. It’s also a problem if you don’t have much credit history at all. Banks are reluctant to take any risks when it comes to lending money to businesses without strong credit. Read more

How Invoice Factoring Can Help a Seasonal Business

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Invoice FactoringMany businesses are seasonal and experience spikes and valleys during different times of the year. For example, if your business depends on summer tourist traffic, sales may be slow during the winter. On the other hand, you may have a business that depends heavily on holiday sales. In such cases, it can be tricky to maintain healthy cash flow during the slower periods.

There are many tactics to help offset cash flow problems. For example, you might introduce new products or services that are popular during your off season. Another very effective way to enjoy steady cash flow is to use invoice factoring, a type of financing that lets you collect payment up front for your invoices. Read more

How Much Cash Should Your Small Business Keep in Savings?

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How Much Cash Should Your Small Business Keep in Savings?If you have a small business you know how important it is to have sufficient cash flow. You need cash for everyday expenses such as payroll, rent, utilities and supplies. Some financial advisors recommend having up to six months in operating expenses to be safe. The exact amount you need, however, depends on the amount of cash that typically flows in and out of your business. Let’s look at some of the criteria you need to consider when calculating the amount of small business savings you need. Read more

5 Ways to Improve Cash Flow and Get Paid Faster by Your Clients

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5 Ways to Improve Cash Flow and Get Paid Faster by Your ClientsMany businesses find it difficult to maintain a healthy cash flow. One reason for this is having clients who don’t pay their bills promptly. Pressuring customers to pay is always a little tricky. You want to maintain a cordial business relationship. At the same time, you need to get paid so you can meet your own obligations. Here are five ways to get paid faster and enjoy better cash flow for your business. Read more