Your company’s credit profile may not be something you think about every day. Yet it can influence whether your business qualifies for financing, receives favorable payment terms from suppliers, or gets approved for a commercial lease. That makes conducting a regular business credit check an important financial habit for women business owners at every stage—not only when … [Read more...]
5 Tips for Women to Access Business Funding
Whether you're launching a startup or seeking funding to keep your established business going, Kathryn Petralia, co-founder of Kabbage---a leading provider of online loans for small businesses, has five tips that you should follow. The truth is that it's harder for women to get business funding than men. Kathryn shares, "I've been in more than 100 meetings with venture … [Read more...]
Don’t Underestimate the Value of Accurate Financial Reporting
If a business ever needs a loan, line, lease, partner, or an investor, financial statements will be requested (in addition to a pull of their business and/or personal credit scores and history). This information is used to determine risk and whether the business has enough resources available to manage and pay back a loan. Here’s the problem: most small business owners have … [Read more...]
FTC and Other Organizations Aim to Help Business Owners Get Loans
Guest post by Shannon Suetos (learn more about Shannon at the end of this post) Being able to budget your money is key for a new business owner—doing so can be the difference between being successful or not. Budgeting is even more important these days with the state of the economy. The U.S. Labor of Statistics has reported that the unemployment rate (as of December 2009 ) is … [Read more...]