February 14, 2019
peer to peer lending

Peer to Peer Lending: An Alternative Source for Loans

Being a business owner often means needing capital, and sometimes you just don’t have the extra money you need. There are times you will want to turn to a traditional financial institution (i.e. a bank or credit union) for help, and there are times that may not be your best option. That’s where peer to peer lending (P2P) could come in. This alternative lending practice has been around for years but has risen in popularity over the last few. However, is it right for you and your business?
January 23, 2019

Debt & the Business Owner – Understanding Business Auto Loans

When it comes to running your own business it takes a great deal of planning and money. You may need to buy everything from real estate for office space to equipment to run your operations. Sometimes those operations require vehicle fleets—which can be used for a variety of services. And if you thought buying a personal vehicle was confusing, buying an entire fleet probably isn’t topping your business bucket list. 
January 16, 2019
Understanding and Using Business Debt

Understanding and Using Business Debt Strategically

Small businesses are the backbone of America, however, carrying so great a load means carrying a great deal of debt as well. In fact, 49% of small businesses are in some sort of debt. Yet, unlike most personal debts, business debts can sometimes be necessary. As a business owner, you may have experienced the need to take on and use debt for many different reasons.
November 16, 2018
How to Get Out of Debt Strategies for the Small Business Owner

How to Get Out of Debt – Strategies for the Small Business Owner

In our series: Debt and the Business Owner, we have come to the “HOW”…how to get out of debt. But where do you start? We’ll explain a few different methods to help you determine YOUR answer. You will need to pick one based on your specific situation. By the end of this article, you should have a pretty good idea of which debt reduction strategy is right for you.
November 14, 2018
Personal and Business Debts That Affect a Small Business Owner

Personal and Business Debts That Affect Small Business Owners

For most business owners, their first priority is typically their business, which you can most likely relate. However, if you truly want to run your business at full capacity you MUST get your personal and professional debt under control! To accomplish that feat efficiently, you need to understand how personal and business debts affect you and your business.
July 26, 2017
Debt Free Living - Don't Follow These Strategies

Debt-Free Living: Don’t Follow These Strategies!

Debt is one of my biggest pet peeves. I HATE DEBT! Just to give you an idea of how much debt Americans are in here’s a few statistics from NerdWallet, $764 billion in credit card debt, $8.63 in mortgages, $1.17 trillion in auto loans, $1.34 trillion in student loans, and 12.73 trillion in other kinds of debt. The average credit card debt balance is $6,184.16. Households with new auto loans pay an average of $503 a month for 68 months. So you can see, we’re are a long way from debt-free living!