Crestmont Capital Blog

The term “default” is used by lenders that means that the borrower has failed to make the regularly scheduled payments and follow the terms of the loan. The lender tries to recoup their losses in different ways. Each loan has different terms, but the process by which a borrower defaults on a loan is similar.

Securing funding for your business may be difficult if you are not already established in business. It takes time and a lot of activity to build creditworthiness. However, you can look into exploring vendors who extend net 30 accounts or unsecured business lines of credit.

Operating cash flow is the cash that a business generates from its operational activities. It shows if the operations of your company are enough to help sustain and grow your business, otherwise you need to have other investment or financing measures. Read on to find out how you can find out if your company has enough to sustain itself.

In most conventional type of loans, borrowers need to make regular payments of principal and interested on a fixed schedule. With a payment in kind loan (PIK), borrowers pay interest on PIK loan in forms other than cash.

You have probably heard of the popular funding programs by the Small Business Administration (SBA) named SBA 503 and SBA 7(a) loans. However, there is another great program from the administration that is the SBA 8(a) Business Development program. Read on to find out what this program is and if it is something you should consider for your business.

A line of credit is one of the most flexible forms of financing and has become even more flexible during the pandemic. The fact that you can borrow an unlimited amount as many times as you need makes it appealing to many business owners. Here are some ways businesses can use a lien of credit during these tough times in a pandemic.

Marketing automation can help grow your business by improving sales. It is important to know how to use marketing automation to make the most out of it. It is all about using software to automate marketing activities such as email marketing, social media posts, and more. Marketing automation will make tasks like these much easier.

Most businesses start as a sole proprietorship since it is the default business structure. At some point a sole proprietorship might want to expand and change how the business is structured. A wise choice would be to convert your business from a sole proprietorship to an LLC. It can be easy to convert your business and today we will discuss how you can do that.

If you are a new business owner, you might not know yet how to file taxes. Filing taxes can be complicated if you do not know how to get started. Find out how to file taxes for your small business and minimize your tax burden.

When you start a business, there are many aspects that you need to know and one of them is learning what is the best type of business insurance to have. The purpose of business insurance is to help protect a company’s financial assets, physical property, and intellectual ideas.