Every business needs funding at some point in its life cycle, whether to get off the ground or grow and expand. However, getting approved for a business loan can seem intimidating, especially if you’re new to the process. Don’t worry, though, we’ve got you covered! We’ll take you through the necessary steps to obtain a…

If you’re running a business, you know that understanding your financial statements is crucial for making smart decisions. Financial statements provide you with important information about your company’s assets, liabilities, revenues, and expenses, but it can be a lot to take in. Thankfully, financial ratios can help simplify things. Financial ratios are tools that compare…

Now that the new year has started, it’s a good time to reflect on the past year and plan for the future. Starting the new year off on the right foot can set the tone for the rest of the year and help you improve your operations and achieve your goals. In this article, we’ll…

Updated September 21, 2022 In March of 2020, the benchmark interest rates were decreased to nearly zero to mitigate the financial impact of the coronavirus outbreak. Since then, the Federal Reserve has been reluctant to increase rates while the U.S. economy is still reeling from its effects. In addition, the economy is currently struggling with…