This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Businessbankruptcy filings increased by 33.5% Customer past due balances cause cash flow shortages, increase the need for borrowing, and create a significant work requirement in order to accelerate collections.
If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. Cash Flow is the number one cause of smallbusinessbankruptcies.
America’s smallbusinesses face unprecedented challenges. Smallbusinessbankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. As a business owner, you indeed wish things could be easier.
Any enterprise extending credit to another business needs to have real treasury expertise. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits. Please feel free to share this newsletter with your smallbusiness customers. Learn More About Credit Reports 5.
Businesscredit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your businesscredit. Many business owners need to know how to recover from businesscredit card debt.
No matter what industry you’re in, money is the great unifier among smallbusiness owners. And there are a few things every business owner needs to do in order to manage your money the right way—but nothing’s more important than separating your business and personal finances. Bookkeeping and Tax Headaches.
When you sign a personal guarantee, you authorize the lender to seize any of your personal assets to repay the loan, if business assets aren’t sufficient to cover loan payments. SmallBusiness Administration loans, or SBA loans , are some of the most best loan products out there for smallbusiness owners.
SmallBusiness Administration loans, or SBA loans , are some of the most complicated loan products out there for smallbusiness owners—but they’re great if you can qualify. . As you might already know, the SmallBusiness Administration does not administer loans themselves.
When it comes in the form of a smallbusiness loan , debt can be beneficial to keeping your business functioning and growing. But, as a smallbusiness owner, you’re likely also aware of the bad kind of debt, which can be debilitating to businesses and their individual owners.
The news is full of doom and gloom about the bank crisis and a potential recession, causing many consumers and business owners to fear the future. A bank crisis does, in fact, have impacts on the economy and can particularly affect entrepreneurs and smallbusiness owners. What Is a Bank Crisis?
SmallBusiness Administration loans are some of the most complicated loan products out there for smallbusiness owners—but they’re great if you can qualify. As you might already know, the SmallBusiness Administration does not administer loans themselves. Let’s explain how an SBA loan works.
What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit? Almost defaulting on your business loan is an incredibly difficult experience to go through. What happens if you default on a business loan? These occurrences are collectively known as events of default.
Choosing a business entity structure for your company is one of the most important—but potentially most confusing—decisions you’ll make as a smallbusiness owner. Unless you’re a lawyer or tax expert, the differences between each type of business entity can be hard to understand in real-life terms.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content