Author: Vince Calio
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Raising Your Prices to Combat Continued Inflation
Staying profitable at a time when the cost of just about everything continues to rise is one of the most difficult tasks any small business owner can face. As higher prices continue to plague the economy, one of the key challenges for small business owners is increasing their prices to stay profitable without driving away…
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What is the Difference Between Interest Rate and APR?
When applying for a loan or any type of business financing, it’s essential for borrowers to understand the components that impact their repayment. Terms like interest rate and APR (annual percentage rate) are often used interchangeably, but they aren’t the same. Knowing the difference can help borrowers make more informed decisions when comparing loan offers.…
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How to Build Business Credit in 7 Steps
For small businesses looking to grow, getting access to the right financing is crucial. Having good business credit makes it easier to qualify for loans and other forms of financing so you can easily access the funds you need to manage emergencies, consolidate debt, pay employees, or invest in new equipment. Building and maintaining strong…
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Private Small Business Grants in 2024
Small businesses had a moderate bounce back this year as interest rates and inflation somewhat stabilized in the 3rd and 4th quarters, but 2024 is still expected to be a tough year. The good news is that a plethora of public and private grants are or will be available this year. That means small businesses…
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Government Grants for Small Businesses
Are you wondering how to get your hands on small business grants offered by the federal government? Well, the good news is that the money’s out there, but the bad news is that applying for federally funded grants will often involve going through a complicated and time-consuming process. While the federal government does not directly…
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Purchase Order Financing Application Checklist
When you need liquid funds to meet the needs of a large customer purchase, purchase order financing can be an incredibly valuable tool. With purchase order financing, a lender will pay your suppliers to complete an order, and the supplier will then in turn pay you for the transaction minus a factoring fee and other…
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Best Financing for Business Renovations
Everyone knows the common sales phrase, “consumers buy what they see.” This means that consumers are more likely to purchase what is visually appealing, be it from a small business with an appealing storefront, a clean and well-organized business space, a modern restaurant dining room, an attractive website, or even the way your products are…
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Equipment Financing Application Checklist
Getting the equipment your business needs to operate is crucial; getting the funding you need to purchase that equipment is just as important. Obtaining equipment financing is often the key to purchasing the revenue-generating equipment you need to make your small business run, and it offers distinct advantages. Some of those being that you typically…
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Financing to Consolidate Business Debt
Debt can be a burden for any small business owner, especially when you have multiple forms of high-interest debt that you have to keep track of and that could slow down your cash flow. One of the ways to simplify this problem is to take out financing to consolidate your debt and, hopefully, save you…
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Revenue-Based Financing: Changing the Game of Small Business Lending
For small business owners, getting the capital you need through a bank loan to maintain and grow your business can be a lengthy and difficult process, especially over the past two years as interest rates continue to rise and traditional banks have tightened their lending requirements as a result. Small business loan applicants must have…