To grow your business successfully, you need to have proper cash flow in place. Most small business owners need business financing, such as a small business loan or a business line of credit, to help …
What factors should be considered when selecting a supplier?
When selecting a supplier for your business, there are many factors you will want to consider that go beyond price and volume discounts. Many new businesses make the mistake of going with the cheapest supplier, …
Personal vs. Business Credit: How are they different?
Although similar on the surface, personal credit and business credit are different in many ways. Some of the differences between personal vs. business credit include: What your business credit score is used for What your …
3 reasons why business credit is important
If you’ve ever applied for a car loan or a credit card, you’re probably familiar with personal credit. This score shows banks and other lenders how reliable you are with your personal finances and how …
How to build business credit
Monitoring your business’s financial health is an essential part of running your business. Business credit is a key component of your business’s financial health. Your business credit score reflects how well you are able to …
6 cash flow problems your business should avoid
Cash flow is an essential ingredient for running your business. Like fuel to an engine or batteries to a phone, having positive cash flow is necessary for growing your business and achieving long-term success. Understanding …
Understanding business cash flow
When running your business, you need to know how your money is moving around. Understanding your business cash flow gives you insights on how to spend your hard-earned money effectively to scale your business. If …
Types of small business loans and their terms
It’s not unusual for Canadians to look into getting a loan when it comes to funding something expensive. Car loans, student loans, and mortgages are all examples of common loans for many Canadians. Similarly, there …
How to open a business bank account
Running your own business comes with a laundry list of items that you need to tackle. Preparing financial statements, solving common cash flow problems, and selecting the right supplier for your business are just a …
How to get business financing with low credit
While running your own business, you might try securing a business loan from a big bank. There are at least a handful of reasons why you may need a small business loan, from purchasing additional …