Some challenges will put stress on your business — and yourself — more than others, and bouncing back after such a challenge can be crucial in your long-term recovery.
Although your business credit profile and your personal credit score are very different, and even express different information about you and your business, they both impact your ability to qualify for loan and the options available to your business.
At SCORE, we know that access to the resources businesses need when facing unforeseen circumstances is essential for survival.
If you see any of these five signs in your company, it’s likely that you have run out of steam (or are on the verge of doing so) and it’s time to make some changes.
For small businesses, one late-paying customer could mean the difference between success and failure. Not only are late payments a big problem for small business, but the problem is getting worse.
For a small business, any money lost is a loss for the company as a whole. With minimal budget and even fewer customers or clients, you count every dime, and something as simple as not emailing customers regularly could be costing you.
Transforming your hobby into a profitable business can be accomplished when you do your due diligence and get your legal ducks in a row.
With a range of financial institutions vying for your business, from small and big banks to credit unions and online lenders, there’s no reason to stay in an unsatisfactory banking relationship.