Ideas, information and insight on “all-things-business” from the financial experts at Capital Solutions Bancorp.

small business loan bank

Get a Small Business Loan or Working Capital Without a Big Bank

Many small businesses avoid seeking loans, but not for the reasons you think. According to a Sageworks survey, business owners opt not to pursue small business loans because they don’t want to take on debt (62 percent) or think they won’t get approved (24 percent).

Data from the Federal Deposit Insurance Corporation (FDIC) shows that small business lending — for loans less than $1 million — has dropped between 2008 and 2012. It has yet to see improvement since.

Continue reading

Financial Dictionary

What Do These Business Financial Terms Mean?

There’s a lot of confusion when it comes to business financing options as financing services companies can get creative with the names they use to describe the types of financing they offer. Part of that is for a good reason. Not all small business owners know what kind of financing they want or need especially when banks don’t come through.

Because of this, financial services companies use simple terms such as flexible funding or flexible financing. Invoice financing, accounts receivable financing and MCA funding mean little to business owners. Small businesses know they need working capital to help with cash flow. Here are the common terms to help you navigate the murky waters of financing.

Continue reading

Oil Rig

How You Can Improve Cash Flow with Flexible Financing

Are you or your employees growing frustrated with the administrative part of your jobs in chasing down late payments from customers? How much more working capital would your business get if it stopped spending so much time tracking down customers to pay for services rendered or products delivered? What would you do with the cash if you have it sooner?

Continue reading

Phones

7 Ways to Increase Cash Flow Without New Clients

A company’s executives came across excessive cell phone bills, so they asked their manager to review the bills. Naturally, the first thing most people thought was that some employees may be abusing their cell phones to make personal calls. That wasn’t the case.

After doing a little detective work, the manager figured out that the high phone bills resulted from employees having different usage needs and working in different locations. One employee, a frequent traveler, racked up roaming charges whenever he traveled to another country. The company found a better plan to fit the employee’s usage and cut the bill by more than half.

Continue reading

small business and football

Better to Fail in Your Small Business Than Make the Safe Play

This post’s title sounds like a quote from one of those inspiring posters with a stunning photo and an inspirational quote. It’s true that it’s better to flop than to avoid something or play it safe in fear of failure. Do this, and it’ll be tough to grow your business.

“I can accept failure, everyone fails at something. But I can’t accept not trying.” – Michael Jordan

Continue reading

Rice snacks

Here’s an Easy and Cheap Way to Grow Your Business

I bought a product at a store that I visit about once a year. The store is pricey, but has unique products that I can’t find anywhere else. It’s not far, but it’s not as close as its competitors. While there, I always pick up pop snacks. They’re tasty and you get a big bang for the munch in a single pop.

On this visit, I brought home a few flavors. All of them were their tasty, crunchy selves except one. Every bite lacked crunch as if it was past its sell-by date. (It wasn’t.) And both bags of the same flavor had the problem. Considering all the other flavors were good and it was the first time I had experienced this, I emailed the store.

Continue reading

Time

7 Tips to Stop Late Payments from Clients

Some clients pay within days of submitting an invoice. Others pay near the end of the 30 days. Both types have been in business for years and continue going strong. Still, those who put off payment until right before the standard 30-day deadline have a slight edge. They keep the money longer.

Occasionally, a client or two would pay late. Fortunately, some businesses have enough cushion that they aren’t affected but not everyone is in the same boat. It hurts the business when they get paid late.

Continue reading

Black and white architecture

Does Your Business Plan Have These Problems?

Remember VHS? For those of you who don’t, it recorded TV shows before DVDs and DVRs came along. Did you know that it had a competitor known as Betamax? Many considered Beta’s technology superior to VHS’s. Yet Beta flopped and VHS soared until DVDs caught on. Beta failed because customers wanted an affordable option. VHS cost several hundred dollars less than Betamax.

It takes more than a great product or service to win over the market. Marketing plays a role. Customer needs play a role. A well-written business plan plays a role.

Continue reading

Stonehenge

How to Balance Your Cash Flow and Make Payments

Business-to-business companies typically give clients 30 days to pay for their products or services. These B2B companies also need to pay their vendors within the same timeframe. And it’s standard business practice to wait until the end of the 30 days before making a payment.

It’s like having an interest-free loan for 30 days as you keep cash longer in your bank account. However, late payments can cause the company’s cash flow to snowball out of control jeopardizing other areas of the business and its relationships with vendors. (There’s a difference between being nice by paying quickly and having the needed cash flow to stay in business.)

Continue reading

4 Things You Must Do to Buy a Company

Invest in business
Image courtesy of mapichai at FreeDigitalPhotos.net

Buying a  competitor or another company gives you the opportunity to merge the two company’s strengths and reducing or eliminating weaknesses. Another option is to buy a business that has products or services that complement yours can boon business in a big way. However, the challenge lies in combining the companies’ employees, resources and cultures to turn them into a single company that operates seamlessly. No matter the scenario, owners and executives still need to think about other things before buying the company.

Here are four keys to buy a company successfully:

Continue reading

Risk-Free Guarantee

If you are not absolutely delighted with our service within the first 30 days of funding, you can leave and get 100% of your fees refunded to you. NO QUESTIONS ASKED!

X

Call Us At 800-499-6179

Get Flexible Funding In 7 Days or Less

Fill out your information below for your FREE 30-minute consultation: