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3 Mistakes To Avoid When Buying Out Your Business Partner
You’ve come a long way as a business owner who is part of a partnership. But now, you’re thinking it’s time for a change. How do you go about transitioning your brand into a sole proprietorship? Buying out a business partner can be a complex and emotional process. It involves legal, financial and personal considerations that can easily lead to…
How Having Collateral Can Supercharge Your Business Growth
According to Merriam-Webster, “collateral” is defined as “property (such as securities) pledged by a borrower to protect the interests of the lender”. Do you own a home, a company vehicle, equipment or inventory? As a business owner, these examples of collateral can be very powerful assets for your brand. If you’re looking to expand and grow, a bank will definitely…
The Costly Impact Of Poor Credit Scores On Business Loan Applications
Have you had trouble repaying debts in the past? Do you have a number of credit cards that are past due? Have you ever defaulted on a loan? If you’ve answered “yes” to any of these questions, it’s certainly possible you’ve negatively impacted your credit score. Your credit rating plays a crucial role in your ability to secure financing for…
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