Our biggest savings of the year
If you need to secure a loan for your business, you'll want to be prepared. Check out these tips from the head of business banking at Fifth Third Bank.
"Not wanting to look a gift horse in the mouth, we took the $1,000 check. The only problem was that we needed more: We’d already committed $2,000 to local boutiques."
Did you know that 60 percent of businesses that fail are profitable when they go out of business? They just don’t have the cash flow to cover their expenses, and it forces them into closure. Part of the problem is that once your cash flow issues are apparent and affecting your business operations, it can...
Credit unions are member-owned, not-for-profit financial cooperatives. That means everyone who becomes a member owns a piece of the rock. No shareholders. No paid board of directors focused on profits. Every decision the credit union makes takes members into consideration first.
By Mandy Jones
Over the next year, 61 percent of small business owners expect to expand their businesses. For many that will mean they will be in search of capital. What may surprise them is they may be required to sign a personal guarantee to secure financing. Below are seven things you need to know about personal guarantees....