A credit report can provide each business with an image of what lenders can expect in terms of how the credit in question will be handled. The credit reporting agency will also take this information and utilize algorithms that can assign a numerical score, known as a credit score. If the creditors are not paid […]
SBA loans are essentially small-business loans that are issued by participating lenders. SBA loans will typically have tight lending standards but feature flexible terms and low-interest rates, making them one of the best ways new entrepreneurs can fund their businesses. Today, we will be taking a deeper look into how SBA loans actually work, what […]
Assets are an important part of any organization, whether physical assets like equipment or digital assets like software. But like any other property, assets have a life cycle that begins with planning and concludes with its disposal. Understanding an asset’s life cycle is critical to maximizing its value and ensuring that it contributes to an […]
Predictive and preventive maintenance both focus on improving asset efficiency and increasing its reliability. However, they both adopt various approaches to achieve these. Knowing the difference between both asset maintenance practices is a great starting point to know which of the two is best for your business. Below, you will find everything you need to […]
Preventative maintenance, also called preventive maintenance, is a widely used form of asset maintenance in a business. As part of an asset management system, or preventative maintenance offers the promise of less asset down-time and more efficiently performing assets. When implemented correctly, preventative plays a significant role in protecting and optimizing assets. To implement preventative […]
Maintenance management is a process designed to ensure assets get the regular maintenance they need. This is important for ensuring all company assets and resources continue functioning efficiently. Maintenance management is usually structured to maximize and optimize asset maintenance services. Are you considering adopting a detailed maintenance management process in your business? Here is everything […]
When it comes to high-dollar projects, some small business owners throw up their hands. They give up hope on finding financing for the opportunities that could grow their business the most! However, we are here to tell you there ARE financing options out there for these more expensive, fixed assets. Today we will introduce you […]
A business loan application process often requires numerous documents, one of which is a request letter. This letter is a significant part of your application as it is written to request financial assistance from the financial institution. In most loan application cases, the success of your application process hinges on your ability to craft a […]
Small businesses can fail without adequate financial resources. This is why many small business owners look to loans to scale up and keep their businesses running. The problem with taking out a loan is there are various types of loans with different requirements and characteristics. There are many reasons small business owners may want to […]
Starting a new small business can be incredibly exciting, but it also takes a lot of work and, in general, quite a bit of start up capital. You might feel like you are unable to start a business because you do not have the required finances readily available, but its important to remember that there […]
