The Source

Staying competitive often requires using high quality equipment, which can be expensive. Due to this, it can be challenging for small business owners to buy new versions. However, refraining from purchasing the latest equipment could...

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Many small business owners know that they’ll require additional working capital at some point. Often, one of the first places they’ll seek this funding is through the federal government.

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In the United States, the hair salon market is worth $47.1 billion. Clearly, the opportunity for financial success is there, but only if you have the funds to capitalize on it — which is what makes hair...

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Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

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Collateral is an asset you pledge in order to secure a loan from a financial institution. Types of collateral may include real estate, inventory, or equipment. If you default on your loan, your lender typically...

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As a small business owner, you know that credit card payments are more popular today than ever before. Most customers prefer to pay with credit cards over cash and check. Not only are credit cards...

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As a business owner, you have many choices when it comes to almost every aspect of your company’s finances. This is particularly true when it comes to choosing whether to manage your daily spending with...

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Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.

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As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.

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