Renegotiate Your Business Lease
In the wake of the COVID-19 pandemic, many business owners are searching for ways to save on their expenses. Renegotiate Your Business Lease or getting a rent abatement are some options, cutting back on inventory, automating operations, or downsizing your staff, entrepreneurs across the nation are having to make some tough decisions about how to navigate through […]
What Is Debt Service Coverage Ratio & How To Calculate
Looking to take on debt to finance your business’s growth goals? Calculating your business’s Debt Service Coverage Ratio (DSCR) can help you calculate how much debt, and at what interest rates, you should be taking on. Taking on debt is a perfectly normal part of growing in the economy. What you need to examine is […]
Why Minorities Have A Harder Time Finding Funding
When looking at the demographics of business loans for minorities, there is a noticeable gap between approval rates for non-minority business owners and minority business owners. Minority owned businesses have a harder time funding funding and getting approved for loans, the reason for which is attributed to many factors. A 2010 study titled “Disparities in […]
Retail Funding: How Retailers Use Funding
When it comes to cash flow, retail can be one of the trickiest industries to be in, which is why retail funding is so common. It takes a lot of upfront cash to purchase inventory with no guarantee on when it will sell. E-commerce and major digital markets like Amazon, Ebay and Etsy have given […]
Broker Fair 2019 was Incredible, Again!
The 2nd annual Broker Fair was yesterday, Monday May 6th, 2019 at the Roosevelt Hotel in Manhattan, New York. The show sold out several weeks in advance yet again, as hundreds of brokers and funders attended from all across the US. The Broker Fair 2019, the largest MCA convention in the country, is presented by deBanked Magazine, […]
Why Do Business Owners Use Restaurant Finance? – Guide to Financing a Restaurant
Let’s be real, your tip jar isn’t going to get your restaurant to its next milestone, no matter how many times you provide service with a smile. That’s why so many small, medium and large food service industry businesses are seeking additional financing to meet their working capital needs and take their eatery to the […]
2019 Business Funding Options
Out with the old, in with the new. 2019 business funding is already showing new ways for business owners to grow and sustain their companies. While much of the industry hasn’t drastically changed, there are still new options business owners should be aware of that might suit their financial needs better than financing plans offered […]
Seasonal Funding Tips 101
Running a business is referred to as a balancing act. A roller coaster. A game of pinball. Like raising a child. Those metaphors are all the more true when operating a seasonal business. Sometimes a seasonal business operates year round but has a peak, other times it closes for several months before reopening. This unsteady […]
Entrepreneurship – Two Financial Approaches
One of the scariest aspects of entrepreneurship is money: the startup costs, the revenue flow, extra capital for growth. So much money is needed to start and sustain a business, and most people with a product or service idea and a business plan can’t make their dreams happen simply because they don’t have the money, or […]
Bad Credit Business Loan
The strict requirements of obtaining a loan from banks and government institutions leave many business owners wondering “How do I get a business loan with bad credit?” It is completely possible to receive a loan or alternative funding with bad or declining credit, however you can expect higher interest or buy rates due to the higher […]
