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Should You Ever Give an Employee a Loan?

Fundera

Everyone knows that small business owners wear many hats—but most people don’t think that includes acting as a lender. Giving an employee a loan might actually have some benefits for your business: Alleviating financial stress that makes your staff less productive because they’re worrying about money woes.

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Loan Stacking—What It Is, The Risks, and Better Alternatives

Fundera

Loan stacking, which is when a borrower takes out multiple business loans from different lenders at the same time, is becoming increasingly common. The percentage of borrowers who stacked loans doubled between 2013 and 2015. Since the 2008 recession, banks have cut down on lending to small business owners.

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When Does Short-term Debt Make Sense?

Fundera

There’s a reason why the old phrase “you have to spend money to make money” is so prevalent—because access to capital is the lifeblood of any business, and small businesses in particular. billion to $3 billion.

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How to Find the “Best-Fit” QuickBooks ProAdvisor for Your Business

Fundera

The QuickBooks ProAdvisor Program from Intuit gives accounting professionals great discounts, support and software, but if you’re a small business owner, you want to one that is certified in QuickBooks products. That will turn up a list of ProAdvisors, and is sorted by “default” at first. You need to find a ProAdvisor.

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The Dangers (and Benefits) of Refinancing Short-Term Debt with Short-Term Debt

Fundera

Whether you’re just starting a business or moving a new product to market, it’s vital to keep your capital flowing. Many small business owners turn to loans to make that happen, and in recent years, a new kind of product has become popular for businesses that can’t qualify for longer funding—the short-term loan.

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How to Find the “Best-Fit” QuickBooks ProAdvisor for Your Business

Fundera

The QuickBooks ProAdvisor Program from Intuit gives accounting professionals great discounts, support and software, but if you’re a small business owner, you want to one that is certified in QuickBooks products. That will turn up a list of ProAdvisors, and is sorted by “default” at first. We love to set up group items.

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7 of the Most Surprising Items Ever Used as Collateral

Fundera

Perhaps less obviously, if your business partner is applying for a business loan but you’re the one with property for the collateral, then your name will also need to go onto your business loan application for that to happen. Most small business owners don’t have thoroughbred horses to borrow against.

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