The Source

Working Capital

How to Apply for the Minority-Owned Business Certification

February 20, 2024

Obtaining this credential from the federal government connects you with prospects, helpful resources, and a strong professional network.

Pros and Cons: Funding from an Angel Investor

June 7, 2023

With private investment playing a large role in American small-business development, should your firm be looking to the heavens for an angel of its own?

Explore the Many Rewards of Giving Back to the Community

May 31, 2023

What are you waiting for? Get your business behind a local cause and reap the rewards. When you get your people involved with local organizations and charities, you’re also fostering a positive workplace culture.

7 Bank Loan Requirements

May 17, 2023

Being ready for a bank's stringent review in this increasingly conservative lending climate is a must. Improve your chances of getting the cash you need by being ready to answer these questions

Why Your Business Should Master Working Capital Management

April 26, 2023

Working capital (also known as net working capital) is the bread-and-butter cash with which you fund the costs of doing business for the week, month or quarter. It keeps your firm safe, secure, and running at its best.

5 Types of Business Collateral Used to Secure Loans

April 20, 2023

When you take out any type of small business loan, you're putting your business's reputation, profits, and credit score on the line.

The Top Pros and Cons of Microlending for Business Owners

July 15, 2022

Microlending or “microfinance” started with Nobel Laureate Muhammad Yunus in 1983. Yunus founded Grameen Bank to provide small loans to poor people worldwide. Back then, the average amount of Grameen Bank’s loans was $30.

The Pros and Cons of Debt Refinancing

July 15, 2022

Hopefully, if you’ve been operational for at least a few years, your company’s financial health has become stronger. If that’s the case, you should consider how you’re financing your business and ensure that current methods still benefit your business’s future.

What Is Loan Principal and Why Is It Important?

July 13, 2022

You may want to pursue a small business loan for numerous reasons. For example, maybe you wish to start or expand your business, or perhaps you want to improve your business cash flow or upgrade your...