Financial tools & management
You’ve got the business plan down, but you need some help managing your finances and cash flow. Accounting, taxes, payroll—you deal with enough numbers every month to make your head spin. But you don’t have to tackle the numbers alone. These resources can help you keep your business in good financial health.
What is a secured credit card?
A secured credit card is one that requires a deposit or collateral up front. In most cases, this deposit must be made in cash, although some lenders will accept collateral in the form of homes, cars, or other assets.
Why should I write a business plan?
A business plan is a vital tool for your business. You know this, but writing one still sounds daunting. Don’t let it. You already have a plan for your business in your head. All you’re doing when you write a business plan is taking the information from your head and putting it on paper.
Business plan templates
You know that writing a business plan is critical tool for planning your business and for getting a loan, but it’s hard to know where to start. Like everything else, it’s easier to begin when you have a template to follow.
Understanding Collateral
Bank loans are usually the least expensive way to finance a small business. However, it is not easy to get a bank loan, as banks have strict standards for lending. As a general rule of thumb, banks will require a borrower to put up collateral for a loan. The only exception to this rule is for clients who have a long-term relationship with banks and whose business has proven to be profitable over a multi-year period.
Small Business Borrowers' Bill of Rights
You have a right to see the cost and terms of any financing you are offered in writing and in a form that is clear, complete, and easy to compare with other options so that you can make the best decision for your business.