SMB Compass Blog
Check out the latest industry news and trends
Business Loan Interest Rates: A Guide for Small Businesses
Business Loan Interest Rates: A Guide for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business loans can be an excellent resource for starting or growing your business. However, the only way you’ll be able to make the most out of it is by choosing the one with the…
Top 5 Best Bad Credit Business Loan Options for Small Businesses
Top 5 Best Bad Credit Business Loan Options for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Securing funding is one of the many struggles that small businesses face. But a bad credit score is usually the biggest roadblock that prevents companies from qualifying for business financing with excellent terms.…
SBA Loans: Who is Eligible for a Small Business Loan in 2022?
SBA Loans: Who is Eligible for a Small Business Loan? | Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways The Small Business Administration created government-backed loans to help small businesses qualify for reliable financing. To qualify for an SBA loan, you need to meet the SBA’s small business size standard, operate…
U.S. Cities That Have Gained and Lost the Most Businesses
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways There are many reasons why some cities see more businesses openings and closures than others. State population, accessibility to major cities, and economic standings all play a large part in how well businesses perform. But which U.S. cities have gained and lost…
Asset-Based Line of Credit: How to Know If It’s Right for Your Business
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based lines of credit rely mainly on the value of the collateral presented by the borrower, which usually includes real- estate, inventory, and equipment. One of the surefire benefits of an asset-based line of credit includes faster approvals and funding than traditional…
Reviewing Accounts Receivable Factoring Agreement: 9 Things to Check
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Accounts receivable factoring agreements outline the terms, conditions, fees, and other details for the accounts receivable factoring. Business owners must review it before signing the document. When reviewing your invoice factoring agreement, be sure to check for the name of both parties,…
A Guide to Invoice Factoring for Small Businesses
| Share on Facebook Share on Linkedin Share on Twitter Contents Dozens of unpaid invoices can put a dent in small business cash flow. Since your clients don’t usually pay you right away for the goods and services rendered, invoice factoring can provide immediate funding so you can continue to pay for payroll, utilities, and…