The Source

Working Capital

Why Your Business Should Master Working Capital Management

5 minute read

April 26, 2023

Following this essential best practice ensures that you have cash when it’s needed most. Working capital (also known as net working capital) is the bread-and-butter cash with which you fund the costs of doing business...

5 Types of Business Collateral Used to Secure Loans

3 minute read

April 20, 2023

What to consider before signing off real estate or other precious possessions. Putting up collateral for a loan is a practice almost as old as civilization itself, with records of secured loans in ancient Mesopotamia,...

Business Loan Terms: How to Pick the Right Financing Term

8 minute read

July 22, 2022

When you pursue a term loan, you’ll be provided with a set loan amount that you’ll need to pay off in a specific length of time. Typical business loan terms range from one to five...

The Top Pros and Cons of Microlending for Business Owners

5 minute read

July 15, 2022

Microlending or “microfinance” started with Nobel Laureate Muhammad Yunus in 1983. Yunus founded Grameen Bank to provide small loans to poor people worldwide. Back then, the average amount of Grameen Bank’s loans was $30.

The Pros and Cons of Debt Refinancing

5 minute read

July 15, 2022

Hopefully, if you’ve been operational for at least a few years, your company’s financial health has become stronger. If that’s the case, you should consider how you’re financing your business and ensure that current methods...

What Is Loan Principal and Why Is It Important?

5 minute read

July 13, 2022

You may want to pursue a small business loan for numerous reasons. For example, maybe you wish to start or expand your business, or perhaps you want to improve your business cash flow or upgrade your...

Our Guide to Applying for Veteran Business Loans

5 minute read

July 12, 2022

Did you know that there’s about one veteran-owned business for every ten veterans in the United States, according to the Small Business Administration (SBA)?

How to Determine if Contract Factoring Is Right for Your Business

5 minute read

July 11, 2022

Invoice factoring is an excellent financing option for many businesses. It can allow you to use your outstanding invoices to secure cash before your customers pay them. Also known as invoice financing, invoice factoring might make...