Business Resources Library

Viewing Author: Heidi Freedman
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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Beyond Credit Scores: Additional Factors that Small Business Lenders Consider

While most small business owners know that personal credit scores are the primary factor that lenders consider for loans, many don’t realize that there are additional criteria that can influence lenders’ decisions. These can ultimately sway a decision one way or another, particularly for borrowers who may just meet or fall slightly short of lenders’ credit-score minimums. In this article, we look at several of the additional criteria that lenders may consider – knowing [...]

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Interim Financial Statements: What They Are and Why Your Small Business Needs Them

Two significant financial challenges that small businesses frequently face are cash-flow and liquidity issues, and without a solid grasp on financial management, many small business owners find themselves making difficult and costly decisions out of stress or fear. There are many tools that can help you better manage your finances to ensure that your business stays strong, and among the best are interim financial statements. In this brief article, we look at ways in which interim financial [...]

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Veterans Business Outreach Centers: Essential Resources for Veteran-Owned Small Businesses

Starting and growing a successful small business takes discipline, project management and service skills, creative problem-solving abilities and more. Veteran entrepreneurs encompass all of these qualities along with leadership skills, tenacity and a can-do attitude gained from their military experience. There are outstanding financial and educational resources available to veteran business owners (as well as their spouses, parents and children) to help them start and grow a small business, [...]

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How to Grow Your Service-Based Small Business

While businesses with tangible outputs can simply produce and sell more products, it’s often more difficult for entrepreneurs in service-based businesses to envision ways to increase revenues, particularly if they typically offer their services on a per-hour or per-project basis. Excelsior Growth Fund spoke with Deb Boulanger, EGF Consulting Corps member and founder of The Great Do-Over and The Launch Lab for Women Entrepreneurs, a 12-week virtual business accelerator. Deb teaches [...]

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