Business Resources Library

Four Must-Haves for a Winning Business Loan Application

Whether you're starting a new business or taking advantage of a new growth opportunity, you'll probably need a little extra capital to ensure it’s a success. Before you apply for a small business loan, it’s important to understand the key items you’ll need to prepare. Our team of expert business advisors compiled the following four must-haves for a strong business loan application. Prepare these items in advance to set yourself up for approval 1. Have a clear loan [...]

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6 Signs You're Ready to Open a Second Location

For owners of brick-and-mortar businesses, deciding when to open a second location is one of the most critical strategic questions that you’ll face: Open too soon and you risk overextending your resources. Wait too long and you could lose invaluable momentum and competitive advantages. How do you know when it’s time? We’ve put together this list of essential indicators to help you decide. You’re likely ready to open a second location when: 1. You have more [...]

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7 Questions to Ask Potential Small Business Lenders

When looking for financing, most small business owners know that lenders will ask a lot of questions about their businesses. What they may not consider, though, is that they should also be asking lenders questions. Ideally, a lender will be an advocate for you and your business. To ensure you make the best decision, you’ll want to interview them. The answers you get will make the most of your valuable time and will point you in the right direction for your funding needs. Key questions [...]

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Beyond Salary: 5 Small Business Strategies for Retaining Employees on a Budget

Most employers think about long-term strategies like raising wages, paying for health benefits, or subsidizing a 401k when it comes to improving employee retention rates. While these are effective, there are other strategies that business owners can take on in the short-term to retain qualified workers. In this article, Pacific Community Ventures shares five low-cost strategies you can take to distinguish your business and improve retention rates without breaking the bank. 1. Offer Stable But [...]

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Understanding Liens: What Small Business Owners Need to Know

If you’re a small business owner who is considering applying for a loan, there are many things that you can do in advance to prepare. Understanding common lender concerns is essential, and an important consideration for lenders are liens. We’ve compiled a brief look at liens, including what they are, where they come from and how they can impact your small business. What is a lien? In the broadest sense, a lien is a legal claim against a party or entity’s property or assets. [...]

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