Accounting Department

APRIL 10, 2024

In the competitive world of small business, every decision can determine the trajectory of success or failure. One concept that lies at the heart of strategic business decisions but is often overlooked is opportunity cost.

Small Businesses 105

Small Businesses 105

biz2credit

JULY 18, 2024

Only 50% of small businesses survive five years of business, according to the U.S. While it may be an intimidating number to face, understanding the risks small businesses face is the first step to crafting a financial strategy that effectively anticipates and manages these threats to your business.

Small Businesses 111

Small Businesses 111

Lendio

JULY 19, 2024

A small business loan can be secured or unsecured. A secured loan is backed by collateral like property, equipment, or other business assets of value. Learn more about secured vs unsecured business loans below to decide which option is right for you. The post Is A Small Business Loan Secured Or Unsecured?

Small Businesses 104

Small Businesses Default Credit Scoring 104

Accounting Department

MARCH 6, 2024

Job costing is a vital tool in the small business owner's kit, especially for those operating in the service industry, construction, and manufacturing.

Small Businesses 105

Small Businesses 105

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Lendio

MARCH 18, 2024

The number of small businesses has been increasing in the United States over the past several years. Last year, the White House announced that more than 10 million small businesses were created in 2021 and 2022. Along with its growth in the total number of businesses, the U.S. In total, women own 13.8

Small Businesses 105

Small Businesses 105

Your Virtual Credit Manager

MARCH 13, 2023

World class receivables management involves efficiently converting orders to cash while minimizing profit dilution. Many times companies find it challenging to do this, and when that happens, working capital and cash flow are impacted.

Credit Management 130

Credit Management Small Businesses AR Automation Credit and Collections 130

Credibly

NOVEMBER 27, 2024

Table of Contents What businesses count as a minority business enterprise ? Despite making up 29% of all businesses in the U.S. only 11% of minority business enterprises have paid employees and only 2% have businesses that generate more than $1M annually. Long-term business loans : Planning a big project?

Small Businesses 52

Small Businesses Credit Unions 52

Know-It Global

OCTOBER 28, 2024

The month of October marks National Women’s Small Business Month 2024, and it is only right that we shine a light on Know-it as a female founded business! Since 2021, the company has been supporting businesses getting paid, but in this blog, we’ll discuss how Know-it began.

Small Businesses 59

Small Businesses Debt Collections Credit and Collections 59

Lendio

APRIL 1, 2024

Here are some free resources and services that will help you grow as a business and a businessperson. US Small Business Administration. The agency’s business plan worksheets are fantastic for those just starting up or those seeking another round of funding. No matter what your business, networking is critical.

Small Businesses 98

Small Businesses 98

Lendio

MAY 28, 2024

More than 30% of American small businesses are not approved for at least some of the funding they apply for. If you’re concerned that you might fall into that category, read on—these are the documents you’ll need to apply for a small business loan or other financing. Documentation requirements for SBA loans.

Small Businesses 98

Small Businesses Credit Scoring Transactions 98

Lendio

MAY 6, 2024

However, there are still plenty of small businesses that operate exclusively in cash—and will continue to do so for years to come. Banks, credit card companies, and financial media outlets will tell you that you should definitely accept credit cards as a small business. Why accept credit cards?

Credit Card Payments 98

Credit Card Payments Small Businesses Credit and Collections Transactions 98

Lendio

MARCH 25, 2024

According to the Corporate Finance Institute , the average net profit for small businesses is 10%, while 20% is considered good. Big companies have more leeway for spreading out or reducing costs through automation than small businesses. 1.85% Source: NYU Stern School of Business; data compiled Jan.

Small Businesses 98

Small Businesses 98

Lendio

APRIL 30, 2024

Given the potential impact financing can have on your business, you need to find the best place to get a small business loan. Lendio reviewed the largest SBA lenders and national banks to find the ones with the best small business loan options. Let’s look at some of the prime bank options available to you.

Small Businesses 97

Small Businesses Credit Scoring 97

Lendio

AUGUST 23, 2024

Okay, so you have bad credit or little credit history and you’re trying to open a business credit card account for your small business… Plenty of successful business owners have launched their companies with bad credit. Consumer protections: Certain consumer protection laws don’t apply to small business credit cards.

Small Businesses 98

Small Businesses Credit Scoring Deductions 98

Lendio

MARCH 19, 2024

So it’s no wonder that one of their most popular philosophers, Confucius, has a number of quotes related to running a business. Here are 5 of the best quotes by Confucius on running your small business: Perseverance “It does not matter how slowly you go so long as you do not stop.” What about you?

Small Businesses 98

Small Businesses 98

Lendio

MARCH 19, 2024

Several of the most common reasons for small business failure come back to the lack of cold, hard cash. Let’s start with a simple angel investors definition: An angel investor is someone who provides capital to an entrepreneur or small business in its very early stages. How to find angel investors for your small business.

Small Businesses 98

Small Businesses Nonprofit Organizations 98

Lendio

APRIL 1, 2024

As a small business owner, you’re always on the go, tackling your ever-growing to-do list. And that’s why podcasts are the perfect go-to resource for busy small business owners. And that’s why podcasts are the perfect go-to resource for busy small business owners.

Small Businesses 98

Small Businesses 98

NorthOne

JULY 24, 2024

For small businesses in New Jersey, choosing the right bank goes beyond simply. The post The 5 Best Banks for Small Business in New Jersey (2024) appeared first on North One Blog. When you’re an entrepreneur, having the right financial partner by your side is critical to your success.

Small Businesses 89

Small Businesses 89

Lendio

SEPTEMBER 19, 2024

Generally, there are two main levers that your business can pull to affect growth metrics: 1) customer acquisition, meaning bringing new shoppers through the door, and 2) customer retention, meaning keeping your old shoppers from exiting that door. The post Is Customer Retention Really Better Than Acquisition for Small Businesses?

Small Businesses 98

Small Businesses 98

Your Virtual Credit Manager

APRIL 1, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Accounts Receivable (AR) Collector 130

Enterprise Recovery: Accounts Receivable

SEPTEMBER 24, 2024

If you own a small business, these economic fluctuations can have significant impacts. Understanding these cycles is vital to anticipate changes in the market and adjust business development strategies accordingly. Discover essential tips and strategies to safeguard your small business from economic ups and downs.

Small Businesses 80

Small Businesses 80

TMC Financing

MARCH 28, 2025

As small businesses navigate an ever-evolving economic landscape, business owners remain focused on growth, resilience, and strategic planning for the future. The post 2025 Small Business Outlook appeared first on TMC Financing. To gain insight into their expectations for 2025, TMC.

Small Businesses 52

Small Businesses 52

Due

FEBRUARY 25, 2024

Remember, innovation, resourcefulness, and a powerful narrative can be your most valuable assets as you navigate the exciting landscape of small business funding. By prioritizing sustainability, you’re not just building a business. You hold the power to build your dream business, fueled by your own hustle and ingenuity.

Small Businesses 105

Small Businesses 105

Your Virtual Credit Manager

NOVEMBER 12, 2024

While the principals of credit are the same for businesses of every size, there is a lot more information on the big guys making it easier to see any red flags that suggest they are in trouble. Learn More About Credit Reports Please share this newsletter with your small business customers. Share Read more

Chapter 11 130

Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 25, 2024

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers. Share Read more

Credit and Collections 130

Credit and Collections Credit Management Default Small Businesses 130

Accounting Department

MARCH 20, 2024

QuickBooks Online makes a chart of accounts accessible, but it's up to you to tailor it to your business's unique structure and financial tracking needs.

Small Businesses 111

Small Businesses 111

Abrigo

JANUARY 24, 2025

Adding to pricing challenges: the complexity of the CFPB 1071 regulation for small business lending data collection. The rule requires financial institutions to collect and report data on small business loan applications, including certain CRE loans. Newberry cautioned lenders to ensure their practices are defensible.

Credit Unions 88

Credit Unions Credit and Collections Credit Risk Small Businesses 88

Biz2X

MARCH 18, 2025

Reading Time: 4 minutes Data-driven strategies have become integral for small business lending, particularly within digital commercial lending. According to Forbes, Small Business Administration-backed loans had a near-record start in 2025, with $8.8 According to the U.S.

Small Businesses 52

Small Businesses Default Transactions 52

Biz2X

MARCH 24, 2025

Reading Time: 4 minutes Challenges in the business landscape and the current economic outlook are fueling demand for small business lending. Because of that, banks are missing out on opportunities, while lenders utilizing financial technology are providing a solution to business owners problems.

Small Businesses 52

Small Businesses Credit Unions Credit Scoring 52

Your Virtual Credit Manager

FEBRUARY 4, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers. Share Read more

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Invoice Disputes Bad Debt 130

Your Virtual Credit Manager

JANUARY 28, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers. Share Read more

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Credit and Collections Bankruptcy 130

Abrigo

SEPTEMBER 25, 2024

Small Business Administration’s E-Tran system has long been a central tool for lenders looking to submit and manage SBA loans efficiently. Indeed, the Federal Reserve's recent interest rate cut could trigger renewed interest from small businesses looking to refinance or expand under more favorable rates.

Credit Unions 151

Credit Unions Credit Risk Credit and Collections Small Businesses 151

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. it just might help them pay you sooner! Share A Case in Point A parts distributor was having difficulty with collections and high dispute volumes.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

MARCH 4, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Collector 130

Your Virtual Credit Manager

JANUARY 7, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, and Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit and Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 25, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Credit Management Credit Application 130