Author: Vince Calio
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Should You Invest Your Business’ Surplus Cash? Absolutely
If sales are booming and your small business is flush with cash, congratulations! While having a large surplus of cash is great for your small business, SMB owners also need to understand that the more surplus cash you have, the greater your chances are of losing money. How? Well, the rate of inflation reached a…
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What are the Different Business Lines of Credit, and Which One is Best for Your Business?
Business lines of credit are incredibly valuable tools that offer flexible financing to help small business owners meet expenses and grow. Lines of credit, much like your personal credit card, have borrowing limits and make funds available to you when you need them. They also give you the option to pay down some or all…
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How to Survive Negative Cash Flow
No matter how successful your small business is, you’re going to have periods in which sales may be down, customers may be slow to pay or orders aren’t getting fulfilled due to inventory problems, resulting in your monthly expenses being greater than your monthly revenue. These are just some of the scenarios that may lead…
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The Benefits of Business Lines of Credit
For small business owners that have ongoing business expenses and uneven cash flows, a business line of credit may be the most convenient and useful financing method in your toolbox. Too often, however, small business owners confuse a business line of credit and a business credit card and end up paying a higher interest rate…
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The Cost of Opening a Dental Office
Congratulations on successfully graduating dental school and earning your DDS or DMD. Statistics indicate that you are going to have a fulfilling and lucrative career, as US News and World Report’s 2021 Best Jobs Report lists being a dentist as the 9th best job in the country. The American Dental Association estimates that 77% of…
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Tips on Starting, Funding a New Business
Small businesses are being created now more than ever, thanks to people being laid off or furloughed during the COVID-19 pandemic and the advent of online tools aimed at helping budding entrepreneurs. In April 2021, roughly 500,000 people in the U.S. applied for new business applications, compared to just 300,000 in the same month of…
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Small Business Acquisitions and How to Finance Them
KEY TAKEAWAYS When looking to acquire and merge another business, you should consider collaborating with M&A advisors or accounting firms to navigate the due diligence process, evaluate potential targets, and assess acquisition feasibility. Create robust business plans for the merged entity, including efficient management structures, aligned mission statements, debt absorption strategies, and income projections, to…
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How SBA Loan Forgiveness Works
Not every small business owner is going to succeed on their first try, as roughly 20% of small businesses, on average, fail in their first year of operation according to the Bureau of Labor Statistics. This past year has seen even worse with approximately 140,000 small businesses failing due to the COVID-19 pandemic. It is…
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Purchase Order Financing For Government Contracts
KEY TAKEAWAYS In general, PO financing allows businesses to fulfill orders and cover supplier costs without impacting their ability to cover operation costs. With PO financing you do not have to rely on personal credit to get a loan, rather, lenders rely on the credit of the government, when using this financing to to land…
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A Doctor’s Guide to Medical Practice Loans
Getting financing for health care practices shouldn’t have to be as complicated as surgery. No matter what type of health care professional you are, you’re going to need state-of-the-art equipment, computers and office space to ensure a successful practice. A variety of medical practice loans exist that considers the unique needs and qualifications of health…