Category Archives: Finance

How To Qualify With Small Business Line Of Credit Requirements In 2022

There are several important steps to qualify with small business line of credit requirements in 2022. Lines of credit are an effective, accessible, and ready working capital sources for bootstrapping businesses. These financial instruments serve as a dependable buffer during unpredictable, turbulent cash flow periods. Before accessing financial support, small business owners should understand how to approach eligibility requirements and ... Read More »

How Businesses Should Budget For Tuition Assistance Reimbursement Programs

Tuition assistance reimbursement programs are an ideal benefit for companies to offer. These programs allow you to notify the company of potential degrees or educational programs that can benefit the company. The tuition reimbursement policy contains multiple sections and requires proof of payment and completed grades. As an employer, you can draft a tuition reimbursement policy to manage or budget ... Read More »

How To Manage Discretionary Spending At Your Business

In every business, it’s likely you’ll find a vast number of transactions and expenses taking place every day. More importantly, these transactions won’t all be of the same type, and you’re bound to have different spending types you need to manage. Amongst these different expenses, you’ll often find discretionary spend. With a better understanding of this type of spending, you ... Read More »

How To Offer Employee Tuition Reimbursement For Small Business

Employee tuition reimbursement programs boost retention, professional growth and overall company value. The cost of tuition continues to rise despite millions of Americans not participating in the workforce. By implementing a tuition reimbursement program, companies can become more attractive to applicants and improve their existing team. As a business owner, you should considering setting up a tuition reimbursement plan for ... Read More »

How To Calculate A Budget For Small Business That Works Annually

Every year, small businesses must track their sales, expenses and growth to calculate a budget. The annual business budget allows leadership to stay on top of everything, including marketing to new clients, establishing business credit, and cash flowing operations.  With a proper overview of finances, companies can make better decisions and avoid unexpected downturns. As a small business owner, the business ... Read More »

How To Determine Your Business’ Value

There are several steps to accurately determine your business’s value in 2022. Accurately valuing their organization is one of the most complex, challenging responsibilities modern business owners face. Unfortunately, it is absolutely inevitable in modern day business – especially when you have an exit strategy in place. As a current business owner yourself, you should consider how to determine organizational ... Read More »

What Are The SBA Loan Qualifications For Borrowers In 2022

There are several specific SBA loan qualifications for borrowers to meet in 2022. Small Business Administration (SBA) financing is incredibly popular for flexible terms, relatively low loan interest rates, and high capital amounts. Of course, getting SBA loan approval is often more complex, challenging, and frustrating than other forms of financial support. Certainly, understanding the typical business loan terms, conditions, ... Read More »

How To Do Bookkeeping For Small Business With Strategies

Bookkeeping is an essential task to operate a small business. Bookkeeping enables small businesses to save, arrange, and examine financial data. This financial data allows companies to find solutions for the protection of their business. The IRS mandates that businesses save and update specific records and utilize accounting to track costs and revenue. Some documents the IRS requires are gross ... Read More »

Essential Tasks To Complete When Applying For A Commercial Mortgage Loan

There are several essential tasks to complete when applying for a commercial mortgage loan. The process of applying for commercial real estate tends to be incredibly frustrating and tedious. Business owners must obtain the necessary documentation, prepare for credit score scans, and pass the necessary audits. Even after that, there are tons of closing requirements that need to be met. ... Read More »

What Are Common SBA Loan Terms And Conditions For Small Business Owners?

There are several common SBA loan terms and conditions for small business owners to manage. The Small Business Administration (SBA) offers accessible and convenient financing for a wide range of organizational purposes. These valuable loans offer flexible terms, minimal down payments, and low collateral requirements. Of course, SBA financing programs are governed by specific guidelines, conditions, and obligations. As a ... Read More »

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