The Source

As a small business owner, it's vital to establish a good credit score when starting a business. Without solid credit, you won't be able to afford additional financing. This is crucial because you likely won't...

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Business credit is essential for several reasons. You’ll find it easier to obtain financing with lower interest rates and more favorable terms with a good business credit score. You can also land better deals with...

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Deciding to downsize your business may be the most challenging decision you make for your company. Some people who helped you build your business will lose their jobs, and your company’s growth may stall.

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After months or even years of planning, you’re finally ready to introduce your small business to the world. A grand opening event is essential to your launch plan and shouldn’t be an afterthought. This is...

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As a small business owner, there may come a day when you decide to transfer ownership of your business. Perhaps you'd like to retire and want to transfer ownership to a family member. Or, maybe...

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Credit cards aren’t the right funding option for every small business owner. For example, a high-limit credit card might do more harm than good if you struggle with budgeting.

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Due to interest payments, businesses with excessive outstanding debt may experience decreased cash flow. In addition, they may have difficulty accessing additional capital and may even experience a negative impact on their credit scores depending...

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A term loan is a traditional loan that entrepreneurs can use to grow a small business. Term loans offer an upfront cash infusion with monthly payback terms over a specified period. This post will explain...

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You have a FICO score if you’ve ever paid for a car, house, college tuition, opened a credit card account or submitted a rental application.

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