Business Resources Library

Business Risk Profile

Many small business owners understand the basics of small business loans. When it comes to borrowing, your business’s risk profile is another factor that lenders look at and it can have a significant impact on loan approvals. In this article, we explain what a business risk profile is, why it matters and share tips to help you improve yours. What is a business risk profile?  Simply put, a business risk is any short- or long-term factor that represents a direct or indirect challenge [...]

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Online Business Apps

Even if your business is on a tight budget, there are numerous free, web-based resources available to help you stay organized, streamline communications, and optimize your online presence.  To help you navigate the seemingly endless sea of online business resources, we’ve compiled a list of five applications that can help your company achieve its goals without breaking the bank. 1. Project & Task Management Trello: Trello is an easy-to-use project and task management [...]

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Personal Guarantee

If you’ve applied for a small business loan or are considering doing so, there’s a requirement that most lenders have and it often comes as a surprise to borrowers: it’s the personal guarantee. In this article, we look at what lenders mean by personal guarantee, why it’s required and what they include. What is a personal guarantee? Simply put, a personal guarantee is a business owner’s promise to repay a business loan personally, in case the business is ever [...]

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Short-term business loans

When small business owners find themselves short on cash, many take on short-term debt in hopes that quick funding will help them overcome the cash crunches they’re facing. But are short-term loans the best solution? In this article, we explain what a short-term loan is and offer advice to help you determine the best solution for your business’s needs. What is a short-term business loan? Short-term loans are essentially funds that are paid back within 12 months, although some [...]

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Jean Kristensen

“Even today, studies show that only about three to four percent of women-owned businesses achieve one-million dollars or more in annual revenue,” says Jean Kristensen, owner, president and CEO of Jean Kristensen Associates, LLC. “And for businesses owned by women of color, the rate is even lower.” Businesses owned by men, on the other hand, are three times as likely to achieve that. “Women face a lot of the same business challenges as men, like accessing capital [...]

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