Articles Written By Madison Taylor
Startups face significant challenges with cash flow and financial stability, making working capital essential for survival and growth. Statistics show startups have a 21% chance of failure during their first year. Securing adequate working capital for startup needs is crucial to avoid becoming part of this statistic. Understanding how to calculate working capital for a...
Securing the right funding for your small business can be challenging. Over 90% of startups fail, with 20% not surviving the first year, often due to financial issues. ROK Financial stands out as a trusted ally in this journey. By providing expert guidance and access to SBA loans, they help businesses grow and thrive. With...
A minimum credit score is one of the key factors determining a borrower's eligibility for a business loan. But what if your business credit score is holding you back? Having a good business credit score is not just about securing loans. It impacts your relationships with suppliers and the overall health of your business. A...
Finding the right funding is crucial for businesses, and each year, around 43% of small businesses apply for a loan. This shows why working capital is important for unlocking business growth. Working capital loans provide the necessary funds to manage daily operations and seize new opportunities. Choosing the right working capital loan is vital for...
Starting a small business involves navigating numerous challenges, and finding the right resources can set the foundation for success. While many entrepreneurs consider SBA loans a primary option, a wealth of other resources exist that often go underutilized. This blog post aims to shine a light on alternative resources for small businesses that can provide...
Underestimating the power of applying for a business line of credit could be the biggest mistake for any small business owner. A business line of credit offers the flexibility to manage cash flow, purchase inventory, or cover unexpected expenses without the rigid structure of a traditional loan. For many, understanding the business line of credit...
Scaling up a business is thrilling but fraught with financial challenges. According to the U.S. Bank, 82% of business failures are due to insufficient cash flow. This alarming statistic underscores the crucial need to secure funding to maintain positive cash flow during periods of growth. Effective cash flow management is not just about staying afloat; it’s...
Securing financing is one of the biggest challenges for small businesses. SBA loan programs stand out as a reliable solution, offering crucial support where traditional loans often fall short. Last year, around 43% of small businesses applied for an SBA loan. SBA loan programs provide diverse funding options for businesses, from the SBA Express Loan...
Securing the right financing can be the turning point for any business aiming for growth. Whether you're expanding operations or managing seasonal fluctuations, financing is crucial. How to use credit to grow your business effectively? A business line of credit for growth can be your secret weapon. Unlike traditional loans, it offers flexible access to...
Working capital supports the day-to-day functions of businesses, proving essential for stability and growth. It affects every aspect of a company, from paying employees and suppliers to handling day-to-day expenses and investing in new projects. Effective management of working capital ensures businesses can meet their debts, sustain operations, and plan for the future. As companies...