Two entrepreneurs, let’s call them Mark and Luis, went to their local Business Development Center back when each of them was soon to launch a new business. In one of the workshops they attended there, they heard: “A revolving line of credit is a flexible method...
Experts say it is wise to keep your personal finances separate from your business’s. While this may be true, at some point in the life of a small business, an owner may have no choice but to use a personal line of credit (LOC) as...
“Do what you love, and you will find a way to get it out to the world.” --Judy Collins That quotation wouldn’t be at all out of place on the wall above the home computer of any of the thousands of sellers on Etsy, the popular...
There are real advantages to having an available credit line for your small business. With an available line of credit, you have access to an approved sum anytime you need it. The money’s yours to use (or not) as things evolve. Unlike term loans, which...
J.D. Littlebiz owns a small business specializing in wedding supplies. From Valentine’s Day through the end of summer, he and his staff can barely keep up with demand. But when the wedding season slows, so does business. And that’s when Mr. Littlebiz finds himself in...
An available credit line is excellent insurance against the unexpected expenses every business is likely to encounter from time to time: A pipe bursts in the warehouse. A major client is late with a payment. A computer crashes. Stuff happens. But with an approved line...
By Jules Dalsey, Quote 2 Fund Founder What if your bank hadn't cut business lines of credit, recalled or turned them into term loans while cutting additional capital access, would your business be in a different situation today? What if I tell you that sooner or later...
It’s the slow season, and you need capital to order next season’s stock. Where do you turn? Many businesses will opt for short-term business loans or merchant cash advances to take care of their expenses when revenue slows to a trickle. What they don’t know...
You're just starting a new business and you need cash to help things get off the ground. Or you're existing business is growing and you need money in order to keep up with the demands of expanding. Each scenario is unique. But, they do have...