The Source

Working Capital

Late on Loan Payment? Damage Control

November 9, 2019

When you take out a loan, such as an SBA loan or a loan from an alternative lender, you agree to pay it back, usually via monthly payments over a certain time period.

The Pros and Cons of the SBA 504 Loan

August 28, 2019

The Small Business Administration offers 504 loans that can be used to help businesses in the United States grow by providing funds for specific purchases. In this post, we’ll explain what a 504 loan can do for...

What Are Fixed Expenses and How Do They Affect Your Business’s Finances?

August 19, 2019

A fixed expense is a cost that stays the same over the short-term even when business activities, such as sales or transaction volume, increase. Usually, when accountants mention fixed expenses, they’re talking about them in...

How Open Bankruptcies Affect Your Ability to Qualify for a Loan

June 26, 2019

As a small business owner, access to credit can be critical. Whether you need capital to take advantage of a unique growth opportunity or bridge gaps in cash flow, you’ll need to prove that you...

What is a Revolving Line of Credit?

June 24, 2019

No matter the size of your business, it's no secret that having an ample amount cash flow is crucial to success. In a perfect world, invoices would be paid early, vendors would have a flexible...

How to Apply for An SBA Loan

May 24, 2019

Small Business Administration (SBA) loans can be a great source of funding for small business owners. You have likely heard of this business financing product but might be unsure of how to attain it.

How to Use Working Capital for Your Mom and Pop Business

March 29, 2019

Happy National Mom and Pop Business Owners Day! This day originated when a son created this day for his parents, who owned a hat shop located in Everett, Massachusetts. Now, mom and pop business owners unite...

The Industries Most Likely to Ask for a Business Loan and Why

February 13, 2019

It doesn’t matter what your business’s industry is, there’s one thing that all companies have in common – the need for funding.

How to Choose the Right Business Line of Credit

February 5, 2019

A business line of credit can be an excellent resource for entrepreneurs who find themselves needing cash in a pinch. That may be to cover emergency expenses, have additional working capital on-hand, or take advantage...