Advantages of Buying an Existing Business
Starting a new business is challenging. Buying an existing business has its advantages, including knowing what is already there and improving on it: trained employees, existing customers, and operating expenses.
SBA CAPLines
SBA CAPLines are SBA lines of credit that help a small business improve short-term cash flow. The SBA CAPLines have four types of credit: 1) Seasonal CAPLine, 2) Contract CAPLine, 3) Builders CAPLine, and 4) Working CAPLine.
Deceit Definition | Definition of Fraud
Deceit as defined is tortious fraud or deceit occurs when a party “willfully deceives another with the intent to induce him to alter his position to his injury or risk.” Civ. Code § 1709. Fraud has three meanings: 1) A person made a false promise, 2) A person conceal important facts, and 3) A person intentionally misrepresent an important fact.
Can a non-profit get a loan? Who Offers Nonprofit Business Loans?
If a nonprofit organization requires capital for its operations, a nonprofit loan is a great option. Generally, a non-profit may secure a line of credit from a bank. A line of credit requires that the company has revenues.
5 Steps on How to Build Business Credit with Bad Personal Credit
It is challenging but not impossible to build business credit if an entrepreneur has bad personal credit. A good credit score can set a business up for success. Even if a business owner has a poor personal credit score, he or she should still try to build up their company’s credit score.
3 Advantages of Balance Sheet
The benefits of a balance sheet assist business owners in having an overview of their income, assets, and liabilities. A balance sheet is necessary for lenders to determine how much money to loan a company.
What is business factoring? What is invoice factoring? Advantages and Disadvantages
Business factoring or invoice factoring is a method for a business to increase cash flow by selling their account receivables at a discount for immediate money.
How to Select an Entity Type For A Business
There are many factors when selecting an entity type for a business. Entrepreneurs should consider control, investors or shareholders, taxation, growth, and future needs.
How to Sell on Facebook Marketplace as a Business
Facebook Marketplace is a business service that lists and sells services and products. The marketplace is free for individuals. Businesses pay a 5% fee on services or products sold.
What does principal mean on a loan?
A loan principal is the amount of money that is borrowed. For example, when a bank approves and loans a person or business $100,000, that $100,000 is the loan principal.