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This week in The Source

Our Guide to SBA Lines of Credit

5 minute read

March 31, 2021

When you think about financing from the SBA, business loans likely come to mind. A less well-known type of SBA financing is the SBA CAPLines Program, also known as an SBA line of credit.

Working Capital

What Is a Payday Loan?

5 minute read

March 31, 2021

Technically, there's no set structure or terms for payday loans. These loans are typically expensive, short-term loans of $100 to $1000. However, loan amounts, fees, and rates vary significantly based on state law.

Working Capital

SBA Loan Requirements: What You Should Know

5 minute read

March 23, 2021

Small business loan programs are one of the ways that the U.S. Small Business Administration aims to benefit American small businesses. Through their loan programs, borrowers can get up to 80 percent of loan principals...

Small Business

Our Guide to Double-Entry Accounting

5 minute read

March 22, 2021

Double-entry accounting is one of the many subjects you probably didn't know much about when you decided to start a small business. Still, if you want to be a successful entrepreneur, you must educate yourself...

Industries We Serve

Pharmacy Business Loans: How to Apply & Use Them

5 minute read

March 22, 2021

If you want to start your own business, opening a pharmacy can be a profitable endeavor. Compared to other industries, independent pharmacies have a healthy profit margin — 22 percent on average in 2019.

Small Business

How to Reconcile Invoices in 3 Steps

5 minute read

March 17, 2021

It's easy to see invoice reconciliation as just another task on your to-do list. In reality, though, reconciling invoices is a critical accounting process that can save you thousands of dollars. Reconciling invoices helps you...

Working Capital

Business Equipment Leasing: What Are the Top Pros and Cons?

6 minute read

March 16, 2021

Nearly every industry requires equipment to properly function. Examples of industries that require significant equipment include, but aren't limited to: Restaurants Construction firms Office-based businesses Medical firms Manufacturing companies Although equipment is necessary, it doesn't...

Working Capital

How to Get a Business Grant with Bad Credit

5 minute read

March 12, 2021

If you have bad credit, getting approved for a term loan—or even a credit card—can be immensely frustrating. That’s partially why small business grants are a popular alternative to debt financing.

Small Business

Our Guide to Revenue Leakage

4 minute read

March 11, 2021

Fortunately, it's often possible to prevent or correct the worst kinds of revenue leakage. You just have to be willing to identify and face the problem. So, what is revenue leakage and how do you...