Not accessing expansion-oriented capital could mean a missed opportunity to gain on their competition. More nimble business owners seize on that opportunity like Utica, New York based auto-collision and repair shop, Whitesboro Frame & Body. We had a chance to speak with Bill Chromczak, the President of the company, to learn how financing through Fundation has expanded his business. Read More.
The most important thing to understand is what your options are so you do not waste your valuable time pursuing financing alternatives that you may not qualify for or may not be right for you. There are a wide variety of loan products available, but there are significant differences between each option. Before pursuing any of these options, you should first define two things: 1) what are your plans for using the cash, and 2) what type of business you are and your perceived credit quality. Read More.
The tax deadline is also an important date for health savings account (HSA) contributions. Similar to an IRA, you have the option of electing whether or not you want to apply the contributions to the 2013 or 2014 tax year. Find out the best ways to use your health savings account. Read More.
Despite the fact that small businesses continue to be the lifeblood of the US economy, traditional bank lenders have neglected this important segment of the lending market. Fortunately, innovative alternative lending platforms such as Fundation have come to market by offering loans that can be funded in days. Recently, we sat down with the two founders of Fundation, Sam Graziano and Doug Gordon, to learn more about their company and how it may be the best new way for service-based businesses to obtain financing. Read More.
It’s typically very difficult for managers to keep all of their employees happy at all times. Having said that, it’s important to understand that most of the time when an employee decides to leave the company, it isn’t always because they don’t like their job. In fact, more times than not, their quitting because of their boss and the management team. Read More.
Unlike a mortgage or a auto loan, a personal loan can be used for almost any purpose. It’s set up for a specific length of time at a fixed interest rate which is typically lower than most credit card APRs. Many banks and credit unions offer personal loans and now there is a whole new market of peer to peer lending networks established by companies like LendingClub and Prosper. Read More.