Many small businesses rely on a specific time of year to provide a spike in revenue. Oftentimes, it is toward the end of the year, during the holiday season. If your business is dependent on a seasonal surge of income, it’s important to implement a cash flow management strategy that addresses these fluctuations. It can be difficult to maintain an annual budget when a majority of your business capital comes during ...
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It can be tougher than you think to get a small business loan, especially if you have a bad credit rating. Did you know that 45% of small-business loans are denied because of insufficient credit scores? You could still get approved for a loan in order to gain much-needed capital for your business, but you might be stuck with much higher interest rates. If you’ve ever had credit problems in ...
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What exactly is working capital? It’s a term used for measuring your company’s short-term financial standing and operational efficiency. In this article, we’ll discuss how to calculate your working capital, as well as strategies for keeping it at ideal levels. The goal is to improve financial stability for your company and possess enough cash to cover your expenses. We’ve compiled these 5 steps to help you increase your working capital: 1.Evaluate Your ...
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In February 2017, the American Rental Association will host the annual ARA Rental Show in Orlando, Florida. This four-day conference is perfect for those in need of equipment for their business, as it will feature training seminars, networking receptions and a massive trade show. As a leading equipment finance company, Main Street Business Capital is especially excited for this conference. Before you attend, there are 10 things you’ll want to know ...
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