The Small Business Administration (SBA) plans to launch a working capital pilot program to support small businesses nationwide. This initiative will debut later this year and offer government-backed credit lines up to $5 million. Designed to be more appealing to...
small business cash flow
The Pros and Cons of Invoice Financing for Small Businesses
Small businesses often face cash flow challenges that can hinder growth and stability, but invoice financing can offer a solution that helps address cash flow gaps, meet operational expenses, and fuel growth without waiting for payment from clients. However, it comes...
Small Businesses Can Keep Finances on Track by Avoiding These Common Financial Missteps
Effective financial management is crucial for the success of small businesses, but there are numerous pitfalls that can impede growth. Read on as we delve into integral strategies to help small businesses avoid common financial mistakes and maintain financial...
How a Recession Can Impact Small Businesses
Small business owners have weathered the Covid-19 pandemic, they’re currently navigating record inflation, and now they’re thinking about the potential of a recession. By understanding the possible effects an economic downturn may have on your company, you’ll be...