All posts by Mariela Merino

When you are just starting a business, you might be overwhelmed with how many things you need to think about. Probably at the top is how to finance their business.

Many companies practice offering trade credit to commercial clients. Sellers provide credit by the way of net terms which is also known as dating terms, trade credit, payment terms, business credit or customer credit. This allows buyers to buy now and pay later such as 30, 60 or 90 days before payment is due.

The construction industry has grown enormously over the past several years. According to the U.S Census Bureau the industry has exceeded over one trillion dollars. However, contractors are not prepared to take advantage of the surge.

When you are a business owner, you are going to be spending money in a variety of areas such as payroll and monthly bills which can mean that it is easy to acquire debt. When you get business financing, you will need to repay it and if you don’t your debt can increase even more. No one wants to stay in debt and reducing it can be challenging. We will discuss five ways that you can reduce your small business debt and remain operational in this post.

Your credit score plays a huge factor in opening or closing financial doors through your lifetime. As a business owner, your business credit options are determined mostly by your personal credit. Fortunately, you can avoid several mistakes that can damage your personal credit or limit your chances of getting low rates for funding options in the future.

Whether you are a small business or large, even successful ones, need to access cash for their business. Having access to cash can help businesses meet capital needs and thrive in growing a business. Establishing a business line of credit is a way a business owner can receive the funds when they are in need.

Equipment is vital for many businesses whether you require machinery or computers since these play a large role on the performance of your business. It does not mean that you should rush into making any purchases, they should be made carefully.

Having good credit will open many doors for you but it can also help you get additional business financing and qualify for it. One example is an inventory loan, which is financing that can be used to purchase items that you’ll sell or use to operate your business.

Several years ago, it was difficult for women to get financing for their small business. Today, it has gotten easier, but things are not perfect. Women owned businesses have outgrown other small businesses by 1.5 times over the past decade, so it is important than ever for female business owners to have financing options accessible.