8 Common Mistakes Every Small Business Owner Makes

8 Common Mistakes Every Small Business Owner Makes

Whether you’re just starting out in the small business world or have been around for a few years, the odds are generally stacked against your success. Big-box stores and franchise names have been pushing out their mom-and-pop competition for years. This uneven playing field should concern you, but don’t let it drive you into making…

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Can You Use Your 401(k) Without Penalty Before Retirement?

Can You Use Your 401(k) Without Penalty Before Retirement?

If you’re looking for start-up capital for your new business, take a peek into your 401(k). Those funds can be used in a variety of ways, though withdrawing money often brings penalties with it. Can you use your 401(k) without penalty before you retire? Let’s look at your options. What Is a Penalty? 401(k) accounts…

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Tips for Growing Your Business With a Small Business Loan

Tips for Growing Your Business With a Small Business Loan

Much like a seedling needs sunlight and water to grow, your small business needs startup capital and smart financial management in order to flourish. One effective way to grow your business is to take out a small business loan for extra capital when you’re starting out. Here are some tips for putting that money to…

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Advantages of 401(k) Business Financing Over Standard Loans

Advantages of 401(k) Business Financing Over Standard Loans

Having enough money on hand is perhaps the most common roadblock for enterprising new business owners. Without adequate funding for payroll, inventory, equipment, and other expenses, many new businesses stagnate in their early years. If you’re looking to get a leg up without going into debt, consider 401(k) business financing and its advantages over standard…

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4 Tips for Paying Down Your Small Business Loan

4 Tips for Paying Down Your Small Business Loan

Whether you’re a brand-new business owner or have been in operation for a while, smart financial management is key to your continued success. Pay down your small business loan with these tips from Pango Financial. Follow a Strict Budget Paying off your loan should be a top priority within your business. Note the terms of…

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When Is It Time To Expand Your Small Business?

When Is It Time To Expand Your Small Business?

How do you know when it’s time to grow your small business? It’s exciting to think about expanding your brand and offering new products and services, but it’s best to be on strong financial footing before you take that leap. Read on for a few crucial points—if they describe your business, you may be ready…

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How To Get Approved as a First-Time Business Loan Applicant

How To Get Approved as a First-Time Business Loan Applicant

Many prospective business owners are quick to apply for loans—and are disappointed when they do not qualify. The truth is, it’s difficult to secure a small business loan when you’re a brand-new startup. There’s a higher risk involved for lenders, as they may not see guaranteed success in your new venture. Don’t let that discourage…

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How To Complete a Business Plan: A Step-by-Step Guide

How To Complete a Business Plan: A Step-by-Step Guide

As you research the best ways to start a small business, you’ll read a great deal about the importance of a business plan. You’re full of ideas and excited to get going, so how do you organize that energy into a cohesive strategy? Harness that excitement and ambition before you apply for any loans; you’ll…

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Tips for Navigating Funding for Your Small Business

Tips for Navigating Funding for Your Small Business

Small businesses require a great deal of startup capital and sufficient funds to maintain its growth. If the world of business funding has you scratching your head, read these tips for navigating funding for your small business. Know Your Options There are a few main avenues to secure that initial funding for your business: SBA…

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How To Secure Working Capital for Your Business

How To Secure Working Capital for Your Business

Working capital loans are a great boon to small businesses that don’t have the upfront funding. There are a variety of ways to raise that money, from 401(k) financing to crowdfunding. What is a working capital loan, then? It’s a short-term loan from your bank or alternative lender to pay start-up costs and grow your…

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Trends in Small Business Funding in 2022

Trends in Small Business Funding in 2022

Small business owners are cautiously optimistic heading into 2022. Over the past two years, small businesses learned the value of resilience and quick thinking. Now that lenders are opening back up, it’s time to learn some trends in small business funding in 2022. Take a look at your options—one might be right for you. Lenders…

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What Are the Most Popular Franchised Industries?

What Are the Most Popular Franchised Industries?

Partnering with a franchisor is a powerful way to establish and grow your business. The venture benefits both parties—you, as the franchisee, get to sell valuable products and services while the franchisor expands their own brand. However, it’s important to consider what industry you work in and what the most popular franchised industries are. Let’s…

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