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Things to Consider When Choosing a Small Business Retirement Plan

29 Sep, 2016 / Comments:Comments Off on Things to Consider When Choosing a Small Business Retirement Plan / By William Mahnic

When it comes to securing your finances as a small business owner, a retirement plan may not be the first thought in mind. However, having the correct strategy for retirement can save you a lot of time and money, helping you achieve the right plan that fits in with your future, whatever it may be. Due to each small business being unique and different from the next, there are several factors that come into play when determining the perfect plan. Positives and negatives are present within each plan,

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5 Best Ways to Make Your Business Loan Work for You

22 Sep, 2016 / Comments:Comments Off on 5 Best Ways to Make Your Business Loan Work for You / By William Mahnic

You are excited to hear that you finally got approved for your business loan that you desired. Your mind races with all of the possibilities of what you can do with the money. Before you even take possession of the money, though, you should have a plan in place so that you can make the most of your new business loan. Here are five ways to make sure your loan benefits you the way you always envisioned rather than getting wasted.   1. ¬†Forget the Money is There Many business owners make the mistake

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5 Tips to Protect Your Business from the Negative Effects of Inflation

15 Sep, 2016 / Comments:Comments Off on 5 Tips to Protect Your Business from the Negative Effects of Inflation / By William Mahnic

Inflation sets your business up for a potential loss in the future if you are not careful. The rise in the price of goods suddenly makes your dollar a little weaker. Cash is the biggest loser during inflation, which is why it is a good idea for most businesses to steer away from cash assets and focus on diversified investments to hedge against inflation. There are several other ways to properly prepare your business for inflation as well, enabling you to take advantage of the market and those businesses

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The Pros and Cons of No Collateral Business Loans

08 Sep, 2016 / Comments:Comments Off on The Pros and Cons of No Collateral Business Loans / By William Mahnic

No collateral business loans, as the name suggests, enables you to get money for your business without putting down any collateral. At first glance, this sounds like the perfect situation. Funding with no risk of losing your assets down the road? Sign you up, right? Before you go running for the nearest lender, you should understand both the pros and the cons of this method of financing.   Pro – Get Cash Fast No collateral business loans usually make it through the approval process much

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How to Determine if Your Business Can Afford a New Loan

01 Sep, 2016 / Comments:Comments Off on How to Determine if Your Business Can Afford a New Loan / By William Mahnic

Continually having the capital to keep your business running can be a hard task to accomplish, which sometimes means that you need a new loan to keep things going. Just like a personal loan, your business has to qualify for a business loan. How do you know if you qualify for it? The most important step is determining the affordability of the new loan.   What Is Your Debt Service Coverage Ratio? The most important factor in whether or not you can afford a new business loan is to determine your

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