Fundera

JULY 15, 2018

We’re going to tell you something that you likely already know, and if you do, it’s worth saying again: Nearly all of America’s financial infrastructure is based on credit. Credit allows people to purchase or finance items that they can’t pay for in cash upfront. Credit is what allows you get a home loan, car loan, or business loan. So, in a credit-based economy, if your credit score isn’t strong, you’ll find it hard to qualify for financial products or will have to pay more.

Credit Scoring 100

Credit Scoring Credit Card Companies 100

Fundera

JULY 18, 2018

If you’ve done any research on digital marketing for your business, then you’ve likely realized you need to be on social media. You’ve probably also learned that simply having social accounts isn’t enough to execute a successful social media strategy and drive people to your brand. But what should you really be executing on with your social media strategy to make a difference?

Small Businesses 83

Small Businesses 83

Fundera

JULY 18, 2018

If you think you’re seeing more food trucks lately, your eyes don’t deceive you. In the US Chamber of Commerce Foundation’s “ Food Truck Nation ” study, researchers found that mobile food enterprises accounted for an impressive $2.7 billion in revenue in 2017. That’s up from a mere $650 million in 2014—more than a 400% increase over three years. Although that figure accounts for only a small percentage of prepared food sales nationwide, analysts predict continued growth throughout the industry.

Nonprofit Organizations 75

Nonprofit Organizations Credit Scoring Transactions Small Businesses 75

Fundera

JULY 14, 2018

6 Best Indicators of Business Growth. Demand. Profit. Revenue. Sales. Personnel. Market share. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using both external factors like customer demand and sales trends, in addition to financial records, and more qualitative inputs like employee headcount and company culture.

Small Businesses 75

Small Businesses Bankruptcy 75

Fundera

JULY 17, 2018

Most small business owners don’t give the accounting method they use much thought. Your CPA might have told you your tax return is filed on cash basis, but you might not know what that means. Or, maybe you noticed your client billings don’t show up on your financial statements, but you don’t understand why. There’s a reason your paperwork looks the way it does—and it’s because, at some point, whoever runs your books picked been the two main accounting methods for small business.

Small Businesses 74

Small Businesses 74

Fundera

JULY 16, 2018

Millennials: Just the word alone is enough to stoke ire, confusion, condemnation, or fear in the hearts of even the most hardened marketers. Whether millennials are bringing down fast-casual chain eateries , redefining the very existence of shopping malls , or spending a supposed down payment’s worth of money on avocado toast , they seen to confound small business owners and entrepreneurs.

Small Businesses 73

Small Businesses 73

Fundera

JULY 16, 2018

What’s a Charge-Off? A charge-off is when you’re so late on your credit card or loan payments that the lender expects you’ll never pay, so they remove the anticipated income from their ledger and document the loss as bad debt. Technically, that bad debt is “charged-off.” That demerit is considered a final status indicator on your credit report that the account is no longer active.

Credit Scoring 72

Credit Scoring Bad Debt Credit and Collections Third Party Collections 72

Fundera

JULY 15, 2018

No matter what you do for a living, it can be challenging to determine what “dressing for success” means in your specific office environment. There’s lots of information online about different types of work appropriate styles that you can incorporate into your wardrobe, but, getting down to it, lots of this info ends up feeling contradictory or plain useless.

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69

Fundera

JULY 14, 2018

Decades ago all across America, small business owners in looking to find local business loans would perform the same, familiar ritual. Plumbers, real estate developers, restaurant owners, and more would all get dressed up to go to a local community bank, heave manila folders bursting with financial paperwork, and hope a loan officer would approve their request for business financing.

Credit Scoring 62

Credit Scoring Small Businesses 62

Fundera

JULY 20, 2018

Revenue and profit are key metrics for most businesses, and retail is no different. And if you’ve been in business for a while, whether in retail or another industry, you might know that the metric you should key your eye on (and try to manipulate) is your profit margin. But how can retailers, specifically, increase their profit margins? Most small businesses struggle to see a profit, especially in their first few years of life—and as a retailer, you understand how quickly operational costs and

Small Businesses 59

Small Businesses Deductions 59

Fundera

JULY 19, 2018

Right now, states are just beginning to respond to the implications of June’s US Supreme Court sales tax case , South Dakota v. Wayfair. A quick refresher: Up until this point, online businesses were only required to collect state, local, and district taxes from consumers who resided in the states where they had offices, warehouses, or some other form of “physical presence.

Payment Portals 52

Payment Portals Transactions Deductions 52

Fundera

JULY 17, 2018

There’s a lot to love about flat-rate rewards business credit cards. No matter what you’re spending on and when you’re spending, these cards will offer you consistent, dependable rewards across the board. Flat-rate rewards business credit cards can take a few different forms—maybe you’ll earn the same amount of cash back or a consistent rewards point multiplier, for instance.

Small Businesses 52

Small Businesses 52