Most small businesses owners will, at some point in their life, go to a bank or other lending institution to borrow money for expansion of their operation. Unfortunately, many of them will fall victim to several of the common, but potentially destructive myths that concern applying for loans such as:…

Many small business owners do not fully understand their cash flow statement. This is surprising, given that all businesses essentially run on cash, and cash flow is the lifeblood of your business. Some business experts even say that a healthy cash flow is more important than your business’s ability to…

Corporations, limited liability companies (LLCs), limited partnerships, and limited liability partnerships (LLPs) are the three most common business entities that limit liability. General partnerships and sole proprietorships don’t limit owners’ liability. Limited partnerships limit the liability of some partners (limited partners) and not others (general partners). What is the “corporate…

Many small business owners don’t think about unsecured business lines of credit until they badly need them, but if you don’t plan ahead, they can be difficult to obtain. It’s best to apply when your business has plenty of cash and you can prove that you’ll be able to pay…

This type of loan is meant to be a short-term fix to help you gain the money you need to buy or fix up your next commercial property. It lets you evade liquidity issues and gives you quick access to the money you need for repairs and purchases. You take…