Alternative financing options are on the rise and more small businesses are seeking them, according to results from the Q2 Private Capital Access Index from Dun & Bradstreet and Pepperdine Graziadio Business School. Here are some of the findings: Thirty-four percent (34%) of respondents attempted to raise bank financing in […]
Finance
Small businesses foresee revenue growth, plan to expand, new report shows
South Florida small businesses, you are an optimistic bunch about your own businesses. In fact, your outlooks are much sunnier than businesses in other states. Local small businesses projected one of the strongest business outlooks nationwide this spring, according to the recently released spring 2019 Bank of America Business Advantage […]
Need to finance real estate or equipment? Don’t overlook the SBA 504
Are you a looking to finance a commercial real estate or industrial equipment purchase for your growing small business? If so, an SBA 504 loan may be right for you. Jacqueline Sousa, regional director of Florida SBDC at FIU, says many small businesses don’t know about – or don’t understand […]
A strategic growth plan is not that thing you look at once a year. Here’s how to get started.
Goals, goals, goals – we all have them, but did your company hit them last year? How about for the first quarter of 2019? What are your growth goals for Q2 for all of your function areas and does everyone in your company know what they are? If your company […]
How to improve your small business’s credit standing
Why is personal credit history so important for a small business? How can a small business improve its business credit standing? How does one choose a business credit card? To get a better handle on the biggest issues hurting growing small businesses when it comes to building and qualifying for […]
Why Seeking Venture Capital is (Mostly) a Waste of Time
If your business is a startup seeking venture capital, your prospects are dim. Instead, you should focus on trying to grow the business without VC funding, says Dileep Rao, part of the faculty at Florida International University College of Business and author of Nothing Ventured, Everything Gained. The erroneous perception […]
Ways to Build Your Business Credit
The Business Owner’s Guide to Understanding and Building Business Credit Section 3: Ways to Build Your Business Credit Tip 1: Get a Business Credit Card Using your newly acquired EIN and business name, open a credit card specifically tailored for businesses. If you are inexperienced with credit card usage, it […]
How to Establish Business Credit Files
The Business Owner’s Guide to Understanding and Building Business Credit Section 2: How to Establish Business Credit Files Unlike personal credit, having business credit files isn’t always automatic. You may have to proactively set up your own business credit files at each of the bureaus. Each credit bureau also has […]
Business Credit Basics, Reports and Scores
The Business Owner’s Guide to Understanding and Building Business Credit Section 1: Learning the Basics: Business Credit, Business Credit Reports, and Business Credit Scores What is Business Credit? Business credit refers to whether or not a business is a suitable candidate to give credit to and/or do business with. Having excellent […]
The Business Owner’s Guide to Understanding and Building Business Credit
By Oliver Browne A business owner’s life is not without challenges. Accessing capital and credit is often one of the larger obstacles to successful business growth. This guide aims to assist the business owner in understanding something that can be tricky to new and budding business owners alike: the concept […]
