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Accounting Rules for Managing ...

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Writing Off Delinquent Debts No matter how carefully you scrutinize your clients before extending credit, eventually a bad egg will turn up. When a customer defaults on an outstanding bill, you basically have three options: you can file charges with a lawyer and bring your customer to court, you can hire a collection ...

Is Small Business Bankruptcy t ...

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Once you start your own small business, the thought of bankruptcy immediately replaces any lingering childhood fears. The boogieman, monsters in the closet, and things that go bump in the night pale when compared to fear over one’s financial failure. Bankruptcy can feel like the kiss of death. Like most of our ...

How Business Credit Compares t ...

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Know the Difference Between Business and Personal Credit As individuals, we spend years establishing and maintaining good personal credit histories. We know with a favorable credit rating is available to us at the stroke of a pen when obtaining a loan, credit card, or a new vehicle. However, as a business owner, a ...

How an SBA-Guaranteed Loan Can ...

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The Small Business Administration has several loan programs that can help new and existing businesses. Many small business owners, however, don’t know about the benefits that they could derive from an SBA loan. Depending on your business and the type of loan that you get, SBA benefits could mean the difference ...

Alternative Sources of Credit ...

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If your business is struggling to repair damaged credit, then you need to focus on finding reliable, low-risk sources of financing. Unfortunately, traditional lending institutions are unlikely to extend your business traditional forms of credit (credit cards, lines of credit, business loans) until you are able to ...

Crowdfunding Gives Small Busin ...

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Traditionally, when an innovator wanted to turn a great idea into a business, that innovator would begin visiting investors to ask for startup capital. Those investors would then hand over money in exchange for a return on that investment, once the business was up and running. It was a long, arduous process where a ...

Overcoming a Bad Business Cred ...

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Your credit score is a reflection of your credit history, and in order to overcome a bad business credit score, you will need to build a record of responsible debt management and prompt repayment. In the end, the best way to rebuild your business credit is to engage lenders, accumulate new credit, and pay your bills ...

3 Tips for Borrowing From Frie ...

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Every small business requires a significant financial investment up front in order to get off the ground, and entrepreneurs have a wide range of financing options at their disposal. But if you lack a strong credit record, significant personal assets, or access to a lending institution with a history of making loans to ...

Using Personal Asset Loans

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Why Personal Asset Loans? All businesses begin with risk. In order to finance a start-up, you must convince someone (yourself, a family member, a third-party investor, or a bank), that your idea is viable, and that you have the juice to get it up and running. The owner of Walmart, Sam Walton, famously started his ...

Some Economists Expect an Incr ...

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Owning a small business has never been easy, but it’s even more difficult when you can’t access low-interest loans that help you expand into new areas, and stay afloat in a challenging economic climate. Many businesses are feeling that squeeze because they can’t convince banks to take a chance on ...