Category: Small Business Debt
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Business Credit Cards With No Personal Credit Check: What to Know Before You Apply
If you’re a business owner, you might look for business credit cards with no personal credit check as a way to separate your personal and business finances. Or maybe you just want a funding option that doesn’t rely heavily on your personal credit histo…
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How to Calculate Debt Service Coverage Ratio
A debt service coverage ratio tells you if income can cover debt payments. Owners of small businesses use it to determine whether their companies can afford to pay debts. If you don’t already know how to calculate debt service coverage ratio, the…
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Credit Card Processing Explained for Small Business
Unless you’re a cash-only business, you need a way to accept customers’ tapped and swiped credit cards. So, how does the credit card payment process work? In this article, we’ll break down the transaction process, what it costs and how to choose …
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What Is a Merchant Cash Advance and Why It Can Be So Expensive
A merchant cash advance (MCA) is a form of small business financing in which a company provides you with a lump sum of money upfront in exchange for a percentage of your future sales. It’s not structured as a traditional loan. Instead, the MCA pr…
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Understanding What Your Business Debt Ratio Says About Financial Health
If you own a business, taking on some debt is often part of running and growing it. According to the Federal Reserve’s Small Business Credit Survey, about two in three small businesses carry debt. Used strategically, debt can help manage cash flow…
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4 Ways to Fund Your Business with Less-Than-Perfect Credit
Getting a business loan isn’t always easy, especially if your credit history isn’t strong. Many entrepreneurs start out with little or no credit, while others may face financial setbacks that make borrowing more difficult. The good news is …
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Where Small Business Owners Can Find Support and Resources
Owning a small business takes hard work, determination, and a lot of problem-solving. But even the most resourceful entrepreneurs need support at times. Whether it’s financial assistance, professional guidance, or legal advice, there are organizations …
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How Many Grants Can You Apply for as a Nonprofit? Here’s What to Know
If you run a nonprofit, you’ve probably Googled, “What grants can I apply for?” more times than you’d like to admit. Here’s the good news: there’s no limit to how many grants you can apply for—but that doesn’t mean you should click “submit” on every op…
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Applying for Business Loans 101
Getting a business loan takes planning, but it doesn’t have to be overwhelming. If you know what lenders are looking for and understand your financing options, you may be able to find a loan that fits your business needs. Getting Started O…
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Small Business Debt Restructuring: Practical Strategies and Support Options
Running a small business often means navigating financial ups and downs. When debts start piling up, it can feel like there’s no clear way forward. Debt restructuring is one option that may help ease the pressure by adjusting payment terms or combining…