Business News

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

A startup is simply a brand-new business, correct? Well, yes and no. At its most basic definition, a startup is any new business that was created due to a market need, such as a new product or service, and stepped up to provide it. But a startup is more than a mom-and-pop store or at-home…

When trying to start a new business, being turned down for a loan from a bank or other financial entity can be ego-crushing. The reasons for denial vary, but whatever they are, you shouldn’t see this as the end to your dream. Dust yourself off, put yourself in a good mental place, and plan your…