Business Resources Library

Viewing Author: Heidi Freedman
Balancing Motherhood and Entrepreneurship

As the founder and majority owner of North East Atlantic Construction (NEAC), Nury Gomez knows a lot about the importance of building solid foundations. As she’s grown a successful business, she’s also learned that for women to balance the challenges of both motherhood and entrepreneurship, it’s essential to build solid foundations in their personal lives. Taking the leap Although she was formally educated as a journalist, Nury had long been interested in [...]

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Working with a CPA

Your small business’s financial statements are like diagnostic tools that provide information on the health of your business. That’s why it’s not only critical that you understand them, but that you also work with a certified public accountant, or CPA. CPAs can ensure that your financials are accurate and advise you on ways to make your business more financially strategic and profitable. In this article, we dive into the role of a CPA in your business, and key questions to ask [...]

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Earth day

Individually and collectively, small businesses are taking the steps to reduce unnecessary waste and ramp up sustainability efforts. From going digital to switching to energy-efficient equipment, these simple steps can have a profound impact on the environment and can also help increase your business’s operational efficiencies and bottom line. In honor of Earth Day, Excelsior Growth Fund is encouraging business owners to look into small changes they can make today to implement [...]

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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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