As soon as you start receiving or spending money as a business, you should open a business bank account. A business account makes it easier to separate your personal finances from business finances. This can help protect your personal assets and make record-keeping...
As a small business owner, one of your most important assets is your business. It not only provides a living, but also independence, a degree of financial security, and potentially your future retirement. Often it is more valuable than your personal residence. We hear...
When dealing with any sort of acquisition funding, the asset or stock purchase agreement plays a significant role in a bank lender’s underwriting process. Due to its significance, lenders request the purchase agreement and each associated exhibit noted in the...
Many startup companies rely solely on capital. The reason is, many individuals feel capital is the only way startups grow and expand. Over the course of three years, I witnessed hundreds of startup companies turn to venture capital and venture debt for capital. In my...
SBA loans are among the best financing options available for small business owners. They come with relatively low-interest rates and long repayment terms. SBA loans offer a financing option to small businesses after other options haven’t panned out. However, many...
According to UPS Stores’ Inside Small Business Survey, approximately two-thirds (66%) of Americans dream of opening a small business. However, the reality is that only a small percentage will. One of the primary drawbacks is capital. A common perception amongst many...
