By mdmoreau
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There are several different lists that proclaim which banks are best for small business banking, and as one might imagine, they are not identical. Because there are many factors to consider when selecting a bank for your business, there’s not a one size fits all solution. There is one commonality between almost of all the […]
By revenued
Why Is Credit Utilization Important for Small Businesses? Credit utilization, or the total credit amount you are using, is an essential component of how your credit report is scored. It is also one of the few factors you can change fairly rapidly. Certain negative marks can stay on your credit profile for up to seven […]
By Missuarda Sula
Having several different financial resources to choose from is helpful when expanding your business. Flexibility allows your company to adapt to change, especially during periods of uneven cash flow or growth. A business line of credit is an essential financial tool for many entrepreneurs. However, you need to be sure you can manage it. If […]
By grant
Most company owners, banks, and financial managers agree that some working capital is necessary for a business to operate smoothly because it provides a buffer against declining revenue. Working capital is vital to ensure the lights are kept on, payroll is covered, and vendors are paid. You can measure it weekly, monthly, or yearly as […]
By Missuarda Sula
